Robert Schenk, PhD
Cyber Economics: Monopolistic Competition
E-learning site uses an example of "pushcarts on the beach" to demonstrate a monopolistically competitive market structure and how, as more firms enter the market, price, quantity, and deadweight loss are all affected.
Robert Schenk, PhD
Money Matters: The Gold Standard
This site provides a great article that explains the gold standard and why it didn't work for the United States and many other nations.
Robert Schenk, PhD
Cyber Economics: The Demand Curve for Output
This site examines the relationship between a price taker and a price maker, and the market structure to which each might belong.
Robert Schenk, PhD
Cyber Economics: The Theory of Few Sellers
An overview of monopoly, oligopoly and duopoly, focusing on the interdependence of firms in an oligopoly, shown through the use of a game tree how these firms are tempted towards the practice of collusion.