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Market Theories

Understand the basics of consumer and production theory. Learn how resources are divvied up and prices set.

Lessons

1

Consumer Theory I

The science behind shopping.

Learn how consumers maximize utility through choices and trade-offs.

2

Consumer Theory II

Why you bought that latte.

How achieve consumer equilibrium? Master substitution and income effects.

3

Production Theory I

How goods get made.

Understand how inputs transform into outputs and cost structures.

4

Production Theory II

Keeping costs under control and maximising profits.

Examine the concepts of returns to scale, cost measures, and profit-maximizing output.

Market Theories - InvestMentor