Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, and more! We hit the traditional topics …

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Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, and more! We hit the traditional topics …

Learn how different types of economies make decisions about what to produce and how to distribute resources. We'll introduce key concepts like opportunity costs, trade-offs, and production …

Why are resold concert tickets so expensive? Why is holiday candy so cheap in January? Learn how supply and demand changes can influences how much things cost, and why the prices of some …

Learn how different types of economies make decisions about what to produce and how to distribute resources. We'll introduce key concepts like opportunity costs, trade-offs, and production …

When the article inspired more people to want to move to our imaginary town, it shifted the demand curve for rental housing to the right, as shown by the data in the table below and the shift from D0 to …

What are product markets? In this unit, you'll find out by focusing on the supply and demand model. How do changes in supply and demand create changes in market equilibrium? Power up your economics …

Economic models are a way of taking complicated ideas and events and breaking them down into their most important characteristics. We use models in economics so that we can focus our attention on a …

In real life, markets are almost never perfect! Explore how firms behave in imperfectly competitive markets such monopolies and oligopolies, and how tools like game theory can predict firm behavior …