Unit 2
Microeconomics

 

Unit 2 examines major markets with respect to the degree of competition whithin each type and how this affects buyers and sellers.

Unit Objectives:

  1. Explain how supply and demand interact to determine price

  2. Describe the major types of economic markets in the United States

  3. Discuss how competition and monopolies affect prices

Ch. 4 Demand
Powerpoint Notes

In Chapter 4, you will learn that demand is more than a desire to buy something: it is the ability and willingness to actually buy it.

Ch. 5 Supply
 
Ch. 7, 8, 9, 10, 11
  1. Ch. 7 Notes -A

  2. Ch. 7 Notes -B

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