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Core Principles and Models in Macroeconomics: Foundations, Market Dynamics, and Government Intervention

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Three Key Economic Ideas

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    Marginal Analysis
    09:36
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    People Are Rational
    02:02
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    Economic Incentives
    01:40

Introduction to Supply and Demand

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    Perfect Competition
    03:23

The Basics of Demand

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    The Basics of Demand
    06:02

Shifting Demand

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    Substitute and Complementary Goods
    01:27
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    Shifting Demand
    03:59
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    Consumer Preferences
    01:44

The Basics of Supply

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    The Basics of Supply
    02:43

Shifting Supply

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    Shifting Supply
    01:56
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    Nature
    01:00
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    Technology
    01:39

Supply and Demand Together: Equilibrium, Shortage, and Surplus

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    Equilibrium
    02:41
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    Law of Supply and Demand
    02:43
  • Surplus and Shortage
    02:56

PPF - Comparative Advantage and Absolute Advantage

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    Opportunity Costs and Comparative Advantage
    04:36
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    Different PPFs and Absolute Advantage
    02:03

PPF - Comparative Advantage and Trade

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    Comparative Advantage and Specialization in Trade
    05:30

Sources of Comparative Advantage

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    Sources of Comparative Advantage
    05:50

Exporting and Importing

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    Low World Price: Import
    06:36
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    Autarky
    04:
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    High World Price: Export
    09:03

Tariffs

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    Tariffs on Imports
    14:35

Import Quotas and VERs

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    Import Quotas and VERs
    14:08
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    Import Quotas
    09:44

Arguments Against International Trade

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    Arguments Against International Trade
    07:50

Price Ceilings, Price Floors, and Black Markets

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    Price Ceilings
    07:05
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    Price Floors and Black Markets
    08:03
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    Price Floors
    02:18

Introducing Taxes and Tax Incidence

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    Tax Incidence
    03:21
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    Taxes and Tax Incidence
    13:27

Effects of Taxes on a Market

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    Effects of Taxes
    07:49
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    Tax Revenue
    03:59