ATARMAxxing · VCE Year 11 Economics revision notes

Decision-making in markets

Unit 1: Economic decision-making · Unit 1 Area of Study 2
U1 · Unit 1 Area of Study 2

What this note covers

  1. Perfect competition and demand
  2. Supply and its determinants
  3. Equilibrium and the market mechanism
  4. Market power, business strategies and a contemporary market

4 sections · 8 key terms & formulas · 5 common mistakes

Common questions

What does the VCE Year 11 Economics note "Decision-making in markets" cover?

This note has 4 sections on Decision-making in markets. It includes 8 key terms and formulas, plus 5 common mistakes. It covers U1, Unit 1 Area of Study 2. The full section list is shown under “What this note covers”.

Is this VCE Year 11 Economics note free to read?

A sample section is free on the VCE Year 11 Economics hub. Full topic notes unlock with the Mastery Pack, one payment, no subscription.

Included in the VCE Year 11 Economics Mastery Pack

2 original practice exams with worked solutions, 5 revision notes, 50 practice questions and 60 flashcards.

Unlock Economics — $20

Preview a sample note and question free on the VCE Year 11 Economics hub →

VCE Year 11 Economics · revision note 2 of 5