Learn how microeconomic pricing models determine market prices through supply and demand. Discover how equilibrium is achieved and its application in competitive markets.

Supply chains have had a tumultuous few years, beginning in 2020, when COVID-19 upended legacy global supply chains. More recently, the “TikTok-ification” of retail has companies like Shein and Temu ...

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

One of my first economic lessons was that free lunches were not free. My high school economics teacher had it stenciled on the front of his classroom wall, so it was always in your face: “There is no ...