Build structure
Level 2
Microeconomics & consumer behavior
Economics - Microeconomics & consumer behavior: This level turns the basics into real-life choices. It focuses on trade-offs, common traps, and the numbers that matter before money is spent, borrowed, saved, or invested.
11
Consumer behavior & utility theory
12
Elasticity: how sensitive are buyers & sellers to price?
13
Market structures: perfect competition vs. monopoly
14
Oligopolies, cartels & market power
15
The economics of business costs & profit
16
Labor markets: wages, employment & bargaining
17
Externalities: when markets fail society
18
Public goods & the free-rider problem
19
Information asymmetry & market inefficiency
20
Behavioral economics: how humans really make decisions
