Factors influencing decision making
Factors influencing decisions    What is a market? Demand Supply Equilibrium Excess demand   Excess supply   Shifts of demand  Shifts of supply Convergence to equilibrium  Economicstutor..com.au

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1 Introductory concepts 2  Market mechanism  3 Elasticities  4 Market structures 5  Market failures  6  Macro economic activity/eco growth  7 Inflation 8  Employment & unemployment  9  External Stability  10  Income distribution 11.Factors affecting economy  12  Fiscal/Budgetary policy  13  Monetary Policy   14 Aggregate Supply Policies  15 The Policy Mix

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The movement of demand and supply in markets will ultimately depend on the many factors that influence the behaviour of consumers, businesses, governments and other relevant groups. Collectively, these groups are referred to as ‘economic agents’ and the decisions that each group makes will have implications for demand, supply, prices and resource allocation in an economy. We will examine a number of influences under the following sub-headings:

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