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Study Guide: Production Possibilities, Market Equilibrium, and Economic Efficiency

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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

  • Guided course
    Understanding the PPF
    06:23
  • Guided course
    PPF - Attainable and Efficient
    04:48

PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency

  • Guided course
    PPF - Graphing Increasing Marginal Opportunity Costs
    03:33
  • Guided course
    PPF - The Law of Increasing Opportunity Costs
    05:04

PPF - Outward Shifts

  • Guided course
    PPF - General Economic Growth
    01:55
  • Guided course
    PPF - Technological Advances in an Industry
    02:49

PPF - Comparative Advantage and Absolute Advantage

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

PPF - Comparative Advantage and Trade

  • Guided course
    Comparative Advantage and Specialization in Trade
    05:30

Introduction to Supply and Demand

  • Guided course
    Perfect Competition
    03:23

The Basics of Demand

  • Guided course
    The Basics of Demand
    06:02

Individual Demand and Market Demand

  • Guided course
    Individual and Market Demand
    03:59

Shifting Demand

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

The Basics of Supply

  • Guided course
    The Basics of Supply
    02:43

Individual Supply and Market Supply

  • Guided course
    Individual Supply and Market Supply
    06:04

Shifting Supply

  • Guided course
    Shifting Supply
    01:56
  • Guided course
    Nature
    01:00
  • Guided course
    Technology
    01:39

Supply and Demand Together: Equilibrium, Shortage, and Surplus

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

Supply and Demand Together: Both Shift

  • Guided course
    Results of Both Shifting
    06:34
  • Guided course
    Shift in Both Supply and Demand
    07:32

Willingness to Pay and Consumer Surplus

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

Willingness to Sell and Producer Surplus

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

Economic Surplus and Efficiency

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

Price Ceilings, Price Floors, and Black Markets

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