The Firm and Market Structures (2023 Level I CFA® Exam - Economics - Module 2)

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Topic 2 - Economics
Module 2 - The Firm and Market Structures
0:00 Introduction and Learning Outcome Statements
1:03 LOS: describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
11:40 LOS: explain relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure
18:37 LOS: describe a firm’s supply function under each market structure
21:07 LOS: describe and determine the optimal price and output for firms under each market structure
24:29 LOS: explain factors affecting long-run equilibrium under each market structure
27:58 LOS: describe pricing strategy under each market structure
28:44 LOS: describe the use and limitations of concentration measures in identifying market structure
31:29 LOS: identify the type of market structure within which a firm operates

[@patrickdurdenman7221]

Thank you sir god bless you for these structured free courses!!!

[@analystprep]

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[@krishnarana9459]

Sir please upload another economic's topics videos ....this is the best revision...🙏

[@aprilynavenir7351]

31:45 slide and audio differs (Less Competitive)

[@kymaniwest6752]

Thank you

[@analystprep]

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[@ton.hoz09]

Why under perfect competition, the demand curve (P=20-Q) is downward sloping? It should be a horizontal line. 24:23

[@tykeboy16]

Its the market demand curve. The firm's demand curve is horizontal.

[@usmanzahid3711]

Hello sir
What happens when marginal revenue Equal marginal cost and how this equality is related to optimal price and output

[@suburbancommandos7888]

I know it’s hard to believe, but I actually didn’t learn the concentration ratio in kindergarten LOL

[@emekangwu165]

Came here for this comment lol

[@Someone11i]

Can I still use this for 2024

[@analystprep]

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