Perfect Competition

Calculate profit and loss, plot on diagrams, and solve problems for given scenarios and variables in this 3-page worksheet. Learners will obtain excellent practice after completing these pages. 

Market failure and the effects it has in terms of social benefit is the focus of this eight-page packet. Perfect for homework, this set of excellent worksheets provides several scenarios and graphs that show positive and negative...

Supply and demand, one of the most fundamental topics in economics, is the focus of this presentation. Cascading through detailed graphs and defining the law of demand, as well as the demand and supply schedules, this slideshow is sure...

What happens in the long run when there is time for firms to enter and leave a market in perfect competition? 

Watch as a great economics instructor illustrates a monopolistically competitive firm in long-run equilibrium on a graph, and then compares it to perfect competition.

What happens in the long run when aggregate demand increases? Find out how wages, aggregate supply, and the long-run aggregate supply graph are affected by following along with this economics instructor in his instructional video.

What happens to price, quantity, and GDP on a graph when the aggregate demand and aggregate supply curves shift? Economics instructor Mr. Clifford provides another great instructional video for macroeconomics students, covering such...

How does one graph the Phillips curve? Here you'll find a great instructional video on how to use information and concepts from a basic aggregate supply and demand curve in order to draw the short run and long run Phillips curve.

Does the economy ever achieve a perfect balance? Scholars analyze how the market balances itself with supply and demand. The third episode in a 10-part video series on economics focuses on consumer demand and its impact on overall prices...

Scholars research the concept of supply and demand and its overall impact on the balance of the consumer market. The 8th lesson of a 21-part Economic Lowdown podcast series investigates how the availability of an item impacts its price....