Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies determine where to establish business, and more.
Learn from a multitude of Units, including:
- Basic economic concepts
- Supply, demand, and market equilibrium
- Elasticity
- Consumer and producer surplus, market interventions, and international trade
- Consumer theory
- Production decisions and economic profit
- Forms of competition
- Factor markets
- Market failure and the role of government