Biography
John M. Yun is an economist and a Professor of Law at the Antonin Scalia Law School, George Mason University, who specializes in research at the nexus of antitrust, intellectual property rights, data, and privacy. Prior to joining Scalia Law, he was an Acting Deputy Assistant Director in the Bureau of Economics, Antitrust Division, at the U.S. Federal Trade Commission. He has also taught economics at Georgetown University, Emory University, and Georgia Tech.
Demand
Demand – In this lesson, we develop the demand curve and the factors that cause the demand curve to change.
Supply
Supply – In this lesson, we develop the supply curve and the factors that cause the supply curve to change.
Equilibrium
In this lesson, we bring together the concepts of demand and supply to determine the market clearing price and quantity. Further, we examine the natural market forces that move markets to an equilibrium. We also discuss...
Competition & Monopoly
In this lesson, we develop two benchmark models of competition. The first is perfect competition, which represents a conceptual model of how markets work under certain extreme, often unrealistic, assumptions such as trad...
Network Effects & Platforms – Part 1
In this lesson, we develop several key concepts that are necessary to understand most digital markets. The first is network effects and the various types of network effects. The second is multisided platforms and the inc...