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Microeconomics Foundations and Models: Chapter 1 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

Three Key Economic Ideas

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

Marginal Cost

  • Percorso guidato
    Marginal Cost
    10:48

Positive and Normative Analysis

  • Percorso guidato
    Identifying Statements
    02:48
  • Percorso guidato
    Positive Statements vs. Normative Statements
    04:35

Graphing Review

  • Percorso guidato
    Calculating Area of a Triangle on Graph
    08:52
  • Percorso guidato
    Calculating Area of a Rectangle on Graph
    02:36
  • Percorso guidato
    Drawing Curves and Shifting Curves
    07:33

Percentage and Decimal Review

  • Percent Change
    05:15
  • Translating Percent Problems
    00:44
  • Translating Percent Problems
    06:10

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