Richard McKenzie (author of Microeconomics for MBAs) made several YouTube videos on market structures, especially explaining the important diagrams in your lecture notes. If you’re unsure of any diagram, do watch the appropriate YouTube video below. During term time, it’s best to watch the specific video you need as all the videos together take about 1 hour. Make sure you draw along with the video to practise.
Perfect competition Part 1 [9:33]
http://www.youtube.com/watch?v=YLK3emHpkdk
Perfect competition Part 1 [9:33]
http://www.youtube.com/watch?v=YLK3emHpkdk
Perfect competition Part 2 [5:21]
http://www.youtube.com/watch?v=LlLbPNZDkDQ
http://www.youtube.com/watch?v=LlLbPNZDkDQ
Monopoly Part 1 [6:38]
Monopoly Part 2 [4:52]
http://www.youtube.com/watch?v=gyQlOBKSSh8
http://www.youtube.com/watch?v=gyQlOBKSSh8
Monopoly Part 3 (Comparing monopoly and perfect competition) [7:38]
http://www.youtube.com/watch?v=fqN3Ok6PhfM
http://www.youtube.com/watch?v=fqN3Ok6PhfM
1st degree price discrimination [7:34]
http://www.youtube.com/watch?v=9T9TN3OuTjc
http://www.youtube.com/watch?v=9T9TN3OuTjc
3rd degree price discrimination [7:57]
To add to the fun, I've also made my own Scratch animation on how a monopolist maximises profit (MR=MC):
No comments:
Post a Comment