2.11 Market Failure - Market Power (HL ONly)

For the class of 2023, we will be going through this large unit fast. To excel as an IB student you want to demonstrate self-study habits. I strongly urge you to review the slides, textbook, and videos after each class. There's a lot to learn but it naturally builds upon itself and you will be fine as long as you review each topic as we go through them.

Market Structures: Introduction

1 Introduction to Market Structure

Rational Producer Behaviour: Revenues

2 Revenues

Rational Producer Behaviour: Economic & Firm Costs

3. HL Supply Law of Dim Returns and increasing costs

Quick Reminder: Why is the supply curve the way it is?

2. Costs of production_ economic costs

3. Costs of production in the short run

4. Production in the long run_ returns to scale

Rational Producer Behaviour: Profits

7. Profit

Rational Producer Behaviour: Single Page Summary

Summarycostrevenueprofit.pdf

Market Structures: Perfect Competition

1 Introudction to Mkt & Perfect Competiton

Market Structures: Monopoly

10. Monopoly

Market Structures: Monopolistic Competition

11. Monopolistic Competition

Market Structures: Oligopoly

12. Oligopoly

Market Power: Government Intervention

Market Structures Govt Intervention

Govt Intervention Market Failure.pdf

Page updated

Report abuse