Describes how to locate Perfect Competition (PC) on a monopoly graph and how to compare the different output, prices, economic profit, efficiencies, and the consumer and producer surplus
Views: 8487 Tamra Carl
Describes how to show on the Perfectly Competitive (PC) graph economic profit and loss. Also shows how to calculate economic profit and loss
Views: 526 Tamra Carl
Describes the graph of Monopolistic Competition as it looks in the SR and moves to the LR.
Views: 1206 Tamra Carl
Discusses the relationship between the MPP and APP curves.
Views: 1277 Tamra Carl
Describes the impact foreign exchange in the Loanable Funds graph and the Money Market graph.
Views: 623 Tamra Carl
Compares the graphs of monopolistic competition and perfect competition. Compares allocative efficiciency, productive efficiency, break even, and dead weight loss (DWL)
Views: 554 Tamra Carl
Describes what categories go into the current account and the capital account and how the government balances it.
Views: 258 Tamra Carl
Intro to major economic indicators: GDP, Unemployment, Inflation. The Circular Flow Diagram explained on the macroeconomic level
Views: 262 Tamra Carl