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I teach a variety of courses pertaining to international trade. The courses differ in terms of depth and format (online versus in person).
I teach a variety of courses pertaining to international trade. The courses differ in terms of depth and format (online versus in person).
I am currently in the process of creating an online course in intermediate microeconomics. I include some of the early drafts of materials for that course on this page.
I am currently in the process of creating an online course in intermediate microeconomics. I include some of the early drafts of materials for that course on this page.
The videos that I include used Microsoft's built in text-to-voice software to create the audio. I plan a more refined version using more natural-sounding narration.
The videos that I include used Microsoft's built in text-to-voice software to create the audio. I plan a more refined version using more natural-sounding narration.
I created the simulations/games using ChatGPT.
I created the simulations/games using ChatGPT.
Joe runs the only bar in town. As any good monopolist would, he priced beer so that marginal revenue equals marginal cost. But his sister suggested an even better strategy, and his profit doubled. Watch the video to discover the secret to increased profit!
After you finish watching, step into Joe's shoes and choose your own pricing strategy.
When businesses adjust prices, they expect consumer demand to respond—but by how much? That’s the key question behind elasticity. Understanding how sensitive consumers are to price changes helps businesses determine whether lowering prices will boost revenue or simply cut into profits.
This video explores price elasticity of demand, the concept that measures how much quantity demanded changes when price changes. Through real-world examples—like Black Friday discounts and minivan sales—we’ll see why the effect of a price cut isn’t always straightforward.
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