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Macroeconomics Midterm Study Guide: Elasticity, Surplus, Taxes, and Public Goods

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Willingness to Pay and Consumer Surplus

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

Willingness to Sell and Producer Surplus

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

Economic Surplus and Efficiency

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    Deadweight Loss and Market Failure
    07:08
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    Economic Surplus
    11:37

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

Quantitative Analysis of Consumer and Producer Surplus at Equilibrium

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    Quantitative Analysis of Consumer and Producer Surplus
    17:29

Externalities: Social Benefits and Social Costs

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

Public Goods: Demand Curve and Optimal Quantity

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

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

Overview of Supply and Demand Shifts

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    Overview of Supply and Demand Shifts
    04:05

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

Supply and Demand: Quantitative Analysis

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    Finding Equilibrium Using Algebra
    05:11
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    Isolating Variables in the Demand Equation
    03:56
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    Finding Equilibrium with Equations and a Graph
    07:22