Course Topics

Economics

The first two lessons cover the marginal perspective, which focuses on whether a company should produce the next unit of output. We examine the underlying issues in three related formats: tables of data, charts of that data, and formulas.

The relationship between marginal ("how profitable is the next unit?") and cumulative ("how much total profit have I made so far?") perspectives is critical.

The third lesson covers supply and demand, which we examine with charts and formulas.


1

Marginal Analysis I

Basics with tables and formulas

3 exercises
2

Marginal Analysis II

Calculus converts from cumulative to marginal

3 exercises
3

Supply and Demand

Prices drive supply and demand quantity to equilibrium

2 exercises

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