microeconomics diagrams

• Comparative advantage

  
• Lorenz curve

  
• Laffer curve

  
• Phillips curve

  
• Supply-side shock

  
• Demand-side shock

  
• Negative output gap

  
• Positive output gap

  
• Decrease in aggregate supply

  
• Increase in aggregate supply

  
• Decrease in aggregate demand

  
• Increase in aggregate demand

  
• Business cycle

  
• Maximum Wage

  
• Minimum Wage for Labour

  
• Trade Union v Monopsonist Employer

  
• Supply and Marginal Cost Curve facing a monopsonist employer

  
• Backward bending labour supply curve

  
• Subsidising a Monopolist

  
• Deadweight Loss from Monopoly

  
• Productive Efficiency

  
• Allocative Efficiency

  
• Profit maximisation, revenue maximisation, sales maximisation

  
• Price Discrimination

  
• Abnormal profit for Monopolist

  
• Revenue Curve for a Monopolist

  
• Long Run Equilibrium for Monopolistically Competitive Firm

  
• Short run and long run equilibrium in perfect competition

  
• Perfect Competition

  
• Economies of Scale

  
• Average, Fixed and Variable Costs

  
• Total, Average and Marginal Product

  
• Total Revenue, Average Revenue and Marginal Revenue

  
• Minimum price diagram

  
• Maximum price diagram

  
• Positive externality of production

  
• Positive externality of consumption

  
• Negative externality of production

  
• Negative externality of consumption

  
• Subsidy diagram