We are Macro learning (www.Macrotutors.com) and I am Martin, your JC economics tutor (Mobile - 87168566). In this free course, we will be going through the 4 lesson topics – Cost and Revenue, shut down conditions, Market structures and essay answering techniques. Unlike usual lectures, this lesson will also cover common mistakes students make in firms and decisions.
In the first part of the ‘Cost and Revenue’ lesson, we will be discussing explicit and implicit costs as well as marginal and average costs. You will be learning about how firms make decisions, the right way to explain explicit and implicit costs, as well as the different cost curves required in H2 Economics.
In the second part of the ‘Cost and Revenue’ lesson, we will be discussing economies of scale. You will be learning about the different types of economies of scale, and how to explain them in economic terms.
In this video, we will discuss the 4 main types of market structures. You will be able to learn about how to differentiate between various market structures. Additionally, a summary table will be provided for students to enable them to learn and memorizes the differences effectively.
In this video, we will learn how to tackle essay questions with a framework. I will walk you through how to analyse questions using sample questions, and cover essay writing techniques.