Economics Australia-understanding supply

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Understanding Supply

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:

  1. Basics of supply  
  2. Cost concepts basics  
  3. Conditions of supply  
  4. Producer surplus 
  5. Supply elasticity

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  • Unit 5, 17 Foley Street
    Balcatta WA 6021

    Phone: + 61 8 9344 4088
    Fax: + 61 8 9344 4188

System Requirements

  • What computer and software will be needed?
    • Windows XP or Linux based computer with internet connection.
    •  Internet Explorer 8.0 and above OR Mozilla Firefox
    •  Quick Time Player 4 and above
    •  Acrobat reader 6 and above
    •  Adobe Flash Player
    Download speeds
    •  Min 2 Mbps or above speed is required for running video