Humanities
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Intro to Microeconomics & Macroeconomics

58 CQ
15 Lessons
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    3 CQ
    1. Graphing Long Run Average Cost Curves
    A lesson with John Bouman
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    In the long run, firms in competitive markets make choices about production that are important to consider. Do just that with a long run average cost curve!

    In the long run, firms in competitive markets make choices about production that are important to consider. Do just that with a long run average cost curve!

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    3 CQ
    2. Applying a Kinked Demand Curve Model
    A lesson with John Bouman
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    What is a kinked demand curve model? Considering businesses in an oligopoly industry, review an example of what happens when competing product prices change.

    What is a kinked demand curve model? Considering businesses in an oligopoly industry, review an example of what happens when competing product prices change.

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    3 CQ
    3. Maximizing Profit for Firms
    A lesson with John Bouman
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    In this economics lesson, review profit maximization in the case of a firm facing monopolistic competition, and consider the potential for above-normal profits.

    In this economics lesson, review profit maximization in the case of a firm facing monopolistic competition, and consider the potential for above-normal profits.

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    3 CQ
    4. Considering Graphic Profit Maximization
    A lesson with John Bouman
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    If you understand monopoly profit maximization, why not consider it graphically? Interpret graphs to figure out what a firm does in order to maximize profits.

    If you understand monopoly profit maximization, why not consider it graphically? Interpret graphs to figure out what a firm does in order to maximize profits.

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    3 CQ
    5. Competing Firms & Long Run Profit
    A lesson with John Bouman
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    Learn how firms behave differently in the long run, why above-normal profits are not sustainable, and what happens when other firms enter in pure competition.

    Learn how firms behave differently in the long run, why above-normal profits are not sustainable, and what happens when other firms enter in pure competition.

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