Price discrimination
The final topic of the HL Theory of the Firm section is Price discrimination. This is where the producer charges different consumers …
The simple prisoner’s dilemma
Game theory is an area of Economics that is increasingly used to explain many situations where strategic thinking and action is involved. …
Oligopoly and the Kinked-demand curve
During our studies of market structures we have come across oligopolies. We have found that in this form of structure there can …
Barriers to entry and anti-competitive behaviour
In the higher level course, it is important to understand that barriers to entry are an important source of monopoly power and …
Economic terms
In Economics there are many terms which you need to learn, understand and be able to define. In our classroom there are …
Caring capitalism
The link is to an interview which includes one of the founders of Ben & Jerry’s ice cream. In the higher level …