The authors provide an interactive partial equilibrium analysis of the welfare effects of a customs union, using Macromedia Flash. Although designed to replace face-to-face coverage, it could be used ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. General equilibrium theory, or Walrasian ...

ECON 201 covers aspects of microeconomic theory involving competitive markets. Topics include the behavior of households and firms, partial equilibrium analysis of product and factor markets, and ...