Nikki's Little World! Title image

T171 TT280 B200 B202 DD202 D319 M150 B300 TMA scores

DD202 Index

I somehow managed a pass 2 on this course despite a dire exam performance in my own opinion so if I can do it then anyone can!


There's most of the diagrams/models from block 1 and block 2 below and a glossary of terms used at the beginning of the course. I'll be hopefully adding in a few more diagrams and my revision notes as soon as I can find them on the harddrive!

Block One Diagrams

Industry life cycle
Industry life cycle

Learning curve
Learning curve

LRAC curve showing downward shift
LRAC curve showing downward shift

LRAC curve showing a downward slope
LRAC curve showing a downward slope

LRAC curve showing increasing, constant and decreasing returns to scale
LRAC curve showing increasing, constant and decreasing returns to scale

LRAC - L shaped
LRAC - L shaped

Shift in market demand curve
Shift in market demand curve

Short-run average cost curve
Short-run average cost curve

Average revenue and marginal revenue curves of a firm with monopoly power
Average revenue and marginal revenue curves of a firm with monopoly power




Block Two Diagrams

Barriers to entry under economies of scale
Barriers to entry under economies of scale

Equilibrium of firm in monopolistic competition in the long run
Equilibrium of firm in monopolistic competition in the long run

Demand, Equilibrium, and Supply curves
Demand, Equilibrium, and Supply curves

Horizontal LRAC and LRMC curves
Horizontal LRAC and LRMC curves

Long-run supply curve of a perfectly competitive firm
Long-run supply curve of a perfectly competitive firm

Marginal cost curve with a U shaped average cost curve
Marginal cost curve with a U shaped average cost curve

Monopoly and perfect competition compared
Monopoly and perfect competition compared

Effect of monopolist's innovation on price and costs
Effect of monopolist's innovation on price and costs

Demand and marginal revenue for the firm in perfect competition
Demand and marginal revenue for the firm in perfect competition

Horizontal demand curve for perfectly competitive firm
Horizontal demand curve for perfectly competitive firm

Prisoners Dilemma 1 - basic pay-off matrix
Prisoners Dilemma 1 - basic pay-off matrix

Prisoners Dilemma 2 - advertising one-shot pay-off matrix
Prisoners Dilemma 2 - advertising one-shot pay-off matrix

Prisoners Dilemma 3 - cartel matrix
Prisoners Dilemma 3 - cartel matrix

Profit maximising output of a firm in perfect competition
Profit maximising output of a firm in perfect competition

Shift in the market supply curve - left
Shift in the market supply curve - left

Shift in the market supply curve - right
Shift in the market supply curve - right

Short-run cost curves and supply curves of perfectly competitive firm
Short-run cost curves and supply curves of perfectly competitive firm

Short-run and long-run supply curves of a perfectly competitive industry
Short-run and long-run supply curves of a perfectly competitive industry

Supply decisions of perfectly competitive firm as price changes
Supply decisions of perfectly competitive firm as price changes




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