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Microeconomics Course Overview and Study Guide

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Introduction to Economics

  • Economic Systems
    01:42
  • Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
    04:30
  • Percorso guidato
    Hello!
    00:16

The Basics of Demand

  • The Basics of Demand
    06:02

Shifting Demand

  • Consumer Income: Normal Goods and Inferior Goods
    01:30
  • Consumer Preferences
    01:44
  • Number of Consumers
    02:15

Individual Demand and Market Demand

  • Individual and Market Demand
    03:59

The Basics of Supply

  • The Basics of Supply
    02:43

Shifting Supply

  • Percorso guidato
    Nature
    01:
  • Technology
    01:39
  • Shifting Supply
    01:56

Individual Supply and Market Supply

  • Percorso guidato
    Individual Supply and Market Supply
    06:04

Overview of Supply and Demand Shifts

  • Percorso guidato
    Overview of Supply and Demand Shifts
    04:07

Supply and Demand Together: Equilibrium, Shortage, and Surplus

  • Law of Supply and Demand
    02:43
  • Equilibrium
    02:41

Willingness to Pay and Consumer Surplus

  • Consumer Surplus and Market Demand
    06:03
  • Consumer Surplus
    02:15
  • Willingness to Pay and Consumer Surplus
    03:39

Willingness to Sell and Producer Surplus

  • Willingness to Sell and Producer Surplus
    03:04
  • Producer Surplus and Market Supply
    04:03
  • Producer Surplus
    01:30

Economic Surplus and Efficiency

  • Percorso guidato
    Deadweight Loss and Market Failure
    07:08
  • Percorso guidato
    Economic Surplus
    11:40

Price Ceilings, Price Floors, and Black Markets

  • Percorso guidato
    Price Ceilings
    07:07
  • Percorso guidato
    Price Floors and Black Markets
    08:03
  • Percorso guidato
    Price Floors
    02:18

Introducing Taxes and Tax Incidence

  • Percorso guidato
    Tax Incidence
    03:21
  • Percorso guidato
    Taxes and Tax Incidence
    13:27

Effects of Taxes on a Market

  • Percorso guidato
    Effects of Taxes
    07:49
  • Tax Revenue
    03:59

Externalities: Social Benefits and Social Costs

  • Percorso guidato
    Externalities on the Graph
    14:23
  • Percorso guidato
    Negative Externality and Positive Externality
    10:54

Public Solutions to Externalities

  • Percorso guidato
    Public Solutions to Externalities:Quantity Limits
    04:07
  • Percorso guidato
    Public Solutions to Externalities:Command-and-Control Policies and Corrective Pigovian Taxes and Subsidies
    16:25

Four Types of Goods and Two Characteristics

  • The Four Types of Goods: Private Goods, Club Goods, Common Resources, and Public Goods
    05:41
  • Rivalry and Excludability
    04:47

Public Goods: Demand Curve and Optimal Quantity

  • Percorso guidato
    Demand Curve of a Public Good
    08:18
  • Percorso guidato
    Demand Curve of a Private Good
    03:52

The Free Rider Problem and the Tragedy of the Commons

  • Percorso guidato
    Tragedy of the Commons
    07:34
  • Percorso guidato
    Free Rider Problem
    06:11

Percentage Change and Price Elasticity of Demand

  • Interpreting Elasticity
    04:56
  • Introducing Price Elasticity of Demand
    03:33
  • Percorso guidato
    Different Answers when Increasing or Decreasing Prices! (Part 1)
    04:34

Price Elasticity of Demand on a Graph

  • Percorso guidato
    Price Elasticity of Demand on a Graph
    11:34

Elasticity and the Midpoint Method

  • Percorso guidato
    The Midpoint Method
    10:04

Determinants of Price Elasticity of Demand

  • Percorso guidato
    Determinants of Price Elasticity of Demand
    06:12

Total Revenue Test

  • Percorso guidato
    Total Revenue Test
    09:31

Total Revenue Along a Linear Demand Curve

  • Percorso guidato
    Total Revenue Along a Linear Demand Curve
    07:13

Revenue, Cost, and Profit

  • Percorso guidato
    Explicit and Implicit Cost
    05:51
  • Percorso guidato
    Fixed Costs and Variable Costs; Short Run and Long Run
    07:54
  • Percorso guidato
    Accounting Profit and Economic Profit
    01:59

Marginal Cost

  • Percorso guidato
    Marginal Cost
    10:48

Introduction to Supply and Demand

  • Perfect Competition
    03:23

Characteristics of Perfect Competition

  • Percorso guidato
    Characteristics of Perfect Competition
    02:29
  • Percorso guidato
    Market Demand and Individual Firm Demand
    03:57

Revenue in Perfect Competition

  • Percorso guidato
    Revenue in Perfect Competition
    06:20
  • Percorso guidato
    Calculating Profit from a Table
    08:15

Perfect Competition Profit on the Graph

  • Percorso guidato
    Profit on the Graph in Perfect Competition
    13:25

Short Run Shutdown Decision

  • Percorso guidato
    Short Run Shutdown Decision (continued)
    07:54
  • Percorso guidato
    Short Run Shutdown Decision on the Graph
    07:05
  • Percorso guidato
    Short Run Shutdown Decision
    03:28

Long Run Entry and Exit Decision

  • Percorso guidato
    Long Run Exit/Enter Decision (continued)
    06:04
  • Percorso guidato
    Long Run Exit/Enter Decision
    02:39
  • Percorso guidato
    Long Run Exit/Enter Decision on the Graph
    09:32

Long Run Equilibrium

  • Percorso guidato
    Long Run Equilibrium
    07:04

Perfect Competition and Efficiency

  • Percorso guidato
    Efficiency in Perfect Competition
    06:46

Characteristics of Monopoly

  • Percorso guidato
    Monopoly Barriers to Entry
    06:29
  • Percorso guidato
    Characteristics of Monopoly
    02:48
  • Percorso guidato
    Monopoly Demand Curve
    04:17

Monopoly Revenue

  • Percorso guidato
    Monopoly Revenue
    03:37
  • Percorso guidato
    Monopoly and Marginal Revenue
    06:43

Monopoly Profit on the Graph

  • Percorso guidato
    Monopoly Profit on the Graph
    07:41

Monopoly Efficiency and Deadweight Loss

  • Percorso guidato
    Monopoly Efficiency and Deadweight Loss
    12:19

Price Discrimination

  • Percorso guidato
    Price Discrimination
    04:05
  • Percorso guidato
    Perfect Price Discrimination
    06:11
  • Percorso guidato
    Price Discrimination
    07:45

Characteristics of Monopolistic Competition

  • Percorso guidato
    Characteristics of Monopolistic Competition
    05:53
  • Percorso guidato
    Monopolistic Competition Demand Curve
    04:25

Revenue in Monopolistic Competition

  • Percorso guidato
    Monopolistic Competition Revenue
    03:28
  • Percorso guidato
    Monopolistic Competition Marginal Revenue
    07:13

Monopolistic Competition Profit on the Graph

  • Percorso guidato
    Monopolistic Competition Profit on the Graph
    07:07

Monopolistic Competition in the Long Run

  • Percorso guidato
    Monopolistic Competition in the Long Run
    09:47
  • Percorso guidato
    How Companies Stay Profitable
    01:33

Efficiency in Monopolistic Competition

  • Percorso guidato
    Monopolistic Competition Productive Efficiency
    03:54
  • Percorso guidato
    Monopolistic Competition Allocative Efficiency
    02:56

Advertising

  • Percorso guidato
    The Role of Advertising
    04:52

Characteristics of Oligopoly

  • Percorso guidato
    Characteristics of Oligopoly
    04:45
  • Percorso guidato
    Oligopoly Barriers to Entry
    05:16

One-Time Games and the Prisoner's Dilemma

  • Percorso guidato
    Game Theory, One-Time Games, and the Prisoner's Dilemma
    05:28
  • Percorso guidato
    One-Time Games:Finding Dominant Strategies and Nash Equilibrium with the "Check and X"Method
    06:03
  • Percorso guidato
    Dominant Strategy and the Nash Equilibrium
    06:29