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Principles of Microeconomics: Course Syllabus and Structured Study Guide

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The Demand Curve

Shifts in the Demand Curve

Movement Along a Demand Curve

The Supply Curve

Shifts in the Supply Curve

Movement Along a Supply Curve

Market Equilibrium

Using the Supply and Demand Curves to Find Equilibrium

Effects of Surplus

Effects of Shortage

Price Ceilings, Price Floors, and Black Markets

Characteristics of Perfect Competition

Revenue in Perfect Competition

Perfect Competition Profit on the Graph

Perfect Competition and Efficiency

Characteristics of Monopoly

Monopoly Revenue

Monopoly Profit on the Graph

Monopoly Efficiency and Deadweight Loss

Price Discrimination

Characteristics of Monopolistic Competition

Revenue in Monopolistic Competition

Monopolistic Competition Profit on the Graph

Monopolistic Competition in the Long Run

Characteristics of Oligopoly

Game Theory and Oligopoly Profit

The Production Function and Marginal Revenue Product

Demand for Labor in Perfect Competition

Shifts in Labor Demand