91400 Marginal Analysis of Market Structure - School Use

 In this course you will learn what you need to know to meet NCEA Level 3 Economics Achievement Standard 91400 (Economics 3.2): Demonstrate understanding of the efficiency of different market structures using marginal analysis (4 credits, version 2).

Talk to your teacher about the external assessment you’ll need to do after completing this course.

This course is divided into six sections:

1. Market structures

In this section you’ll learn about the following market structures:

• Monopoly
• Duopoly
• Oligopoly
• Monopolistic Competition
• Perfect Competition

Note: the emphasis in this Achievement Standard will be on perfect competition and monopoly market structures.

2. Perfect competition

In this section you’ll learn about how perfectly competitive firms operate under the market structure of ‘perfect competition’.

3. Perfect competition and the effects of changes in costs and demand/revenue

In this section you’ll learn about how changes in variable costs, fixed costs and demand/revenue affect a perfectly competitive firm.

4. Monopolies and natural monopolies

In this section you’ll learn how monopolies and natural monopolies operate.

5. Monopolies and the effects of changes in costs and demand/revenue

In this section you’ll learn about how changes in variable costs, fixed costs and demand/revenue affect a monopoly.

6. Comparing and contrasting perfectly competitive and monopoly firms

In this final section you’ll gain an understanding of how to compare and contrast monopolies and perfectly competitive firms.

LearnWell Digital resources bring you the same great learning as in our books - but in an interactive digital format. They are accessed by using the iQualify online learning platform, where you'll find all your digital resources together in one place. 

You can find out more on the information page about our LearnWell Digital resources.