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Economics: Game Theory, Competition, Elasticity
You, Us & This Course
You, Us & This Course
Game Theory
Discounting & Loyalty
The Rivalry Game
Trust and Honor in Organized Crime
Winner-Takes-All Games and Sports in Society
Demand
The Law of Demand
Examples of the Law of Demand
Veblen Goods
Giffen Goods
Income Effects on Demand
Complements and substitutes
Supply
The Law of Supply
Examples of the Law of Supply
Inflation, Technology and Government
Market Equilibrium
Elasticity
Elasticity and Price Sensitivity
Horizontal and Vertical Demand Curves
Revenue Maximisation
Elasticity of Veblen and Giffen Goods
Income and Cross-Elasticities
Elasticity and Linear Demand Curves
Applications of Elasticity
Taxes
Agriculture
Minimum Wages
Price Controls
Utility
Utility and Diminishing Marginal Utility
The Paradox of Value
Indifference Curves and Consumer Equilibrium
Deriving Demand Curves and Income Effects from Indifference Curves
Consumer Surplus
Firms
Factors of Production
Total and Marginal Product
The Least Cost Principle
Returns to Scale
Costs
Total and Marginal Costs
Average and Marginal Costs
Types of Supply Curves
Competition
Long Run, Short Run
Perfect Competition
Profit Maximisation in Perfect Competition
Monopoly
Monopolistic Competition
Complements and substitutes
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