More on Markets - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

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• Consumer Surplus
  • Value
  • Price
  • Utility
• Composite Demand
  • More than one use
  • Rise in D for x - Fall in S of y
• Joint Supply
  • Supplied for more than one purpose
  • Rise in D for x - Rise in S of y
• Derived Demand
  >> See also: Factor Markets
  • D for one good depends on D for another
  • Rise in D for x - Rise in D for y
• Factor Markets
  • Labour
    • D for Labour (Employers)
    • S of Labour (Employees)
    • Wage Rate
  • Capital
    • Interest
    • D for equipment/machinery
    • Funds for loans
  • Land
    • S of Land
    • D for Land
    • Rent
• Producer Surplus
  • Market Value (price)
  • Marginal Cost
  • Abnormal Profit