This course introduces key concepts and ideas related to the important economic concept of supply.
Understanding this material will provide students with a sound base of knowledge and skills that can be used in studying other courses, whether they are Cambridge International Examinations (the British system) or International Baccalaureate (International Education Foundation) or Advanced Placement (the American system).
This course discusses the following:
- Basics of supply
- Cost concepts basics
- Conditions of supply
- Producer surplus
- Supply elasticity