Self - Reflection: Out of all the microeconomic topics below. Which one has made (or will make) a material impact in your future endeavors as a consumer, employee, or employer/entrepreneur? Why?

• Consumer and producer surplus.
• Demand. Substitute goods. Complements.
• Economies of scale.
• Elasticity. Price elasticity of demand. Cross elasticity of demand. Income elasticity of demand. ...
• Market equilibrium.
• Production possibility frontiers.
• Positive and normative statements.
• Opportunity cost.