Clip 3: Raymond Learsy describes what economists refer to as price leadership by connecting the pricing behavior of OPEC to the strategic behavior of companies like Exxon Mobil. Explain this concept ...

Businesses don't operate in a bubble -- their sales and profitability are affected by the business environment in which they operate. Many factors affect this environment, from regulation and ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Microeconomics courses often use geometry, ...

Brent Radcliffe has 10+ years of experience as both a digital marketing analyst and writer for Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...

Matthew Jordan does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

This course has joint teaching with ECON9200B – Advanced Microeconomics. This is an advanced course in microeconomic theory. The course covers the main topics of microeconomics from consumer and ...