How individuals and firms choose.

Unit 1 · Markets

Supply & demand

Equilibrium, shifts, surplus, shortage, market clearing.

1 demo lesson · 8 cards Unit 2 · Sensitivity

Elasticity

Price, income, cross-price. Total revenue test.

1 demo lesson · 8 cards Unit 3 · Buyers

Consumer theory

Utility, indifference curves, budget constraints, demand derivation.

1 demo lesson · 8 cards Unit 4 · Sellers

Producer theory

Production functions, costs (fixed/variable/marginal), supply derivation.

1 demo lesson · 8 cards Unit 5 · Structures

Market structures

Perfect competition, monopoly, monopolistic competition, oligopoly.

1 demo lesson · 8 cards Unit 6 · Strategy

Game theory

Nash equilibrium, dominant strategies, prisoners’ dilemma, sequential games.

1 demo lesson · 8 cards Unit 7 · Imperfections

Market failure

Public goods, information asymmetries, equity.

1 demo lesson · 8 cards Unit 8 · Spillovers

Externalities

Positive/negative, Pigouvian taxes, Coase theorem.

1 demo lesson · 8 cards Unit 9 · Across borders

Trade

Comparative advantage, tariffs, quotas, gains from trade.

1 demo lesson · 8 cards