Market Theory

Have a look at this screencast to learn how the production of a firm connects to the market and changes in demand and supply.

    To do list:

• Read Basic Microeconomics Part II chapters 11 Optimization and 12 Pure Competition (by Larry Reynolds)
  
  
• Read chapter 6 in Introduction to Economic Analysis by R. Preston McAfee (J. Stanley Johnson Professor of Business, Economics & Management California Institute of Technology)
  
  
• Read the article about the Market in Wikipedia
  
  
• Read the article about the Effect of taxes and subsidies on price in Wikipedia