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Sunday, November 2, 2014

Monopoly 1 - Characteristics, Downward Sloping Demand Curve, Marginal Revenue Curve, Elasticity

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Monopoly 1 - Understand that Monopoly & Perfect Competition are the largest tested sections of the AP Micro. exam. The first question o...
Saturday, October 25, 2014

Perfect Competition 3, Per Unit Tax & Subsidy

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Perfect Competition 3, Per-Unit Tax & Subsidy Subsidy - Humor Per-Unit Subsidy - a sum given to the prod...

Perfect Competition 2 - Lump Sum, Tax & Subsidy

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Perfect Competition 2 - Lump-Sum, Tax & Subsidy I have been tutoring some lately and have noticed that many students seem to have a b...
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Tuesday, October 21, 2014

Perfect Competition 1

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Perfect Competition Mjmfoodie - Perfect Comp. - Video I wanted to post some new graphs that I created to push me to do some new blog p...
Sunday, October 5, 2014

Market Failure - 7 Tragedy of the Commons & Asymmetric Information

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Tragedy of the Commons - Resources Tragedy of the Commons - Garrett Hardin, 1968 - a term introduced by Garrett Hardin that refers ...
Wednesday, October 1, 2014

Market Failure 6 - Public Goods

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Market Failure - Public Goods Public Goods - are non-excludable & non-rivalrous. non-excludable - it is not possible to prevent pe...
Sunday, September 28, 2014

Market Failure 5 - Positive Consumption Externality

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Positive Consumption Externality Positive Consumption Externality:  The type/name of the externality tells you what you need to do! P...