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Microeconomics

How markets work from the bottom up.

Lessons
1
What is Economics?
Who gets what, and why?
Master trade-offs, scarcity, and core economic questions.
2
Demand
Craving stuff drives markets.
Analyze how price, income, and trends shape consumer demand.
3
Supply
Stocking shelves, shaping prices.
Examine production decisions, cost factors, and supply responses.
4
Perfect Competition
Markets with numerous equal players.
Understand market efficiency via price-taking and product homogeneity.
5
Imperfect Competition
Markets dominated by few players.
Explore pricing power and strategies in less-than-perfect markets.
6
Consumer Theory I.
The science behind shopping.
Learn how consumers maximize utility through choices and trade-offs.
7
Consumer Theory II.
Why you bought that latte.
Achieve equilibrium; master substitution and income effects.
8
Production Theory I.
How goods get made.
Understand how inputs transform into outputs and cost structures.
9
Production Theory II.
Making stuff, part two.
Analyze returns to scale, cost measures, and profit-maximizing output.