Council for Economic Education
Econedlink: Markets and Prices
This video teaches the concept of Markets and Prices. A market refers to a group of buyers and sellers for a given good or service. The price is the amount of money needed to buy a particular good or service. The website contains an...
Council for Economic Education
Econedlink: Profit Video and Quiz
This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm's costs of producing a good or service from the revenues received from selling the good...
Other
A Simple Seller Environment
This site offers a description of a price taker and the characteristics in this sellers' market structure. The price taker is examined in both the short run and the long run.
CK-12 Foundation
Ck 12: Economics With Emphasis on the Free Enterprise System
El Paso Independent School District in El Paso Texas created this Economics text for its high school course using OER, CC, and public domain content from a variety of sources by educators in the district. The course is aligned to the...
Khan Academy
Khan Academy: Perfect Competition and Why It Matters
Read about the economic ideal of perfect competition.
Other
Oecd: Glossary of Statistical Terms: Monopolistic Competition
This site provides a simple and easy-to-understand definition of monopolistic competition.
Tutor2u
Tutor2u: Perfect Competition Introduction
This website describes the conditions of a "perfectly competitive" market structure, and the obstacles that the individual firm in this market will face.
Tutor2u
Tutor2u: Oligopoly
This site lists the characteristics of an oligopoly, and discusses price competition, non-price competition, and price leadership.
Curated OER
Demand as a Boundry
This site examines the relationship between a price taker and a price maker, and the market structure to which each might belong.