Scarcity and Choice
Circular Flow Diagram
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
Supply and Demand: Quantitative Analysis
Percentage Change and Price Elasticity of Demand
Elasticity and the Midpoint Method
Price Elasticity of Demand on a Graph
Determinants of Price Elasticity of Demand
Total Revenue Test
Total Revenue Along a Linear Demand Curve
Price Elasticity of Supply
Price Elasticity of Supply on a Graph
Income Elasticity of Demand
Cross-Price Elasticity of Demand
Elasticity Summary
Consumer Optimum Consumption: Marginal Utility per Dollar Spent
Budget Constraint
Indifference Curves
Indifference Curves for Perfect Substitutes and Perfect Complements
Consumer Optimum Consumption: Budget Constraint and Indifference Curves
Revenue, Cost, and Profit
The Production Function and Diminishing Returns
The Relationship Between Average Cost and Marginal Cost
Graphing Costs
Average Total Cost: Short Run and Long Run
Introduction to the Four Market Models
Characteristics of Perfect Competition
Revenue in Perfect Competition
Perfect Competition Profit on the Graph
Short Run Shutdown Decision
Long Run Entry and Exit Decision
Individual Supply Curve in the Short Run and Long Run
Market Supply Curve in the Short Run and Long Run
Long Run Equilibrium
Perfect Competition and Efficiency
Four Market Model Summary: Perfect Competition
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
Efficiency in Monopolistic Competition
Four Market Model Summary: Monopolistic Competition
Characteristics of Oligopoly
One-Time Games and the Prisoner's Dilemma
Game Theory and Oligopoly Profit
Repeated Games
Four Market Model Summary: Oligopoly
Antitrust Laws and Government Regulation of Monopolies
Income Inequality in the USA and Worldwide
Back
Curated lessons matched to your uploaded material – learn every topic step by step.