QuickMBA / Economics
Microeconomics
Price Elasticity of DemandDefines price elasticity of demand, discusses the implications of elastic and inelastic demands, and lists some factors that influence a product's price elasticity of demand.
Industry Concentration
Discusses two common methods for measuring the concentration of firms in an industry - the concentration ratio and
the Herfindahl-Hirschman Index.
Game Theory
Overview of game theory, including the elements of a game, a game theory framework, bimatrix games, extensive form games, strategic form game representation, signaling and threats, and auctions.
Auctions
Lists several auction types and briefly discusses the effect known as the winner's curse.
Macroeconomics
Gross Domestic Product (GDP)
Introduces gross domestic product, its calculation, nominal vs. real GDP, and GDP vs. GNP.
Consumer Price Index (CPI)
Describes the consumer price index and some of its limitations.
The Business Cycle
Defines the concept of the business cycle, how it is tracked, some significant expansions and contractions in history, and the debate over whether the business cycle has diminished in recent years.
Unemployment Rate
Definition of the unemployment rate, the natural rate of unemployment, and limitations of the employment rate measurement.
QuickMBA / Economics
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