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Agricultural Economics: Microeconomics Foundations and Applications in the Food and Fiber Industry

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Introduction to Economics

  • Guided course
    Hello!
    00:16

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

PPF - Comparative Advantage and Absolute Advantage

  • Guided course
    Opportunity Costs and Comparative Advantage
    06:30
  • Guided course
    Two PPFs, Specialization, and Absolute Advantage
    04:36

PPF - Comparative Advantage and Trade

    Competitive Markets

    • Guided course
      Introduction to Supply and Demand
      07:03

    The Demand Curve

    • Guided course
      The Basics of Demand
      07:15
    • Guided course
      Individual Demand and Market Demand
      06:08

    Shifts in the Demand Curve

    • Guided course
      Consumer Income:Normal Goods and Inferior Goods
      01:48
    • Guided course
      Substitute Goods
      04:10
    • Guided course
      Consumer Expectations
      02:18

    The Supply Curve

    • Guided course
      Individual Supply and Market Supply
      06:04
    • Guided course
      The Basics of Supply
      03:53

    Shifts in the Supply Curve

    • Guided course
      Nature
      01:
    • Guided course
      Technology
      01:27
    • Guided course
      Substitutes in Production
      03:02

    Market Equilibrium

    • Guided course
      Overview of Supply and Demand Shifts
      04:07

    Economic Surplus and Efficiency

    • Guided course
      Deadweight Loss and Market Failure
      07:08
    • Guided course
      Economic Surplus
      11:40

    Externalities: Social Benefits and Social Costs

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

    Public Solutions to Externalities

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

    Four Market Model Summary: Perfect Competition

    • Guided course
      Four Market Model Summary: Perfect Competition
      05:02

    Characteristics of Monopoly

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

    Monopoly Revenue

    • Guided course
      Monopoly Revenue
      03:37
    • Guided course
      Monopoly and Marginal Revenue
      06:43

    Monopoly Profit on the Graph

    • Guided course
      Monopoly Profit on the Graph
      07:41

    Monopoly Efficiency and Deadweight Loss

    • Guided course
      Monopoly Efficiency and Deadweight Loss
      12:19

    Four Market Model Summary: Monopoly

    • Guided course
      Four Market Model Summary: Monopoly
      04:34

    Characteristics of Monopolistic Competition

    • Guided course
      Characteristics of Monopolistic Competition
      05:53
    • Guided course
      Monopolistic Competition Demand Curve
      04:25

    Four Market Model Summary: Monopolistic Competition

    • Guided course
      Four Market Model Summary: Monopolistic Competition
      03:30

    Characteristics of Oligopoly

    • Guided course
      Characteristics of Oligopoly
      04:45
    • Guided course
      Oligopoly Barriers to Entry
      05:16

    Four Market Model Summary: Oligopoly

    • Guided course
      Four Market Model Summary: Oligopoly
      03:39

    Percentage Change and Price Elasticity of Demand

    • Guided course
      Percentage Change and Price Elasticity of Demand
      09:14
    • Guided course
      Different Answers when Increasing or Decreasing Prices! (Part 1)
      04:34
    • Guided course
      Different Answers when Increasing or Decreasing Prices! (Part 2)
      05:31

    Elasticity and the Midpoint Method

    • Guided course
      The Midpoint Method
      10:04

    Price Elasticity of Demand on a Graph

    • Guided course
      Price Elasticity of Demand on a Graph
      11:34

    Determinants of Price Elasticity of Demand

    • Guided course
      Determinants of Price Elasticity of Demand
      06:12

    Income Elasticity of Demand

    • Guided course
      Income Elasticity of Demand
      10:57

    Cross-Price Elasticity of Demand

    • Guided course
      Cross-Price Elasticity of Demand
      07:14

    Price Elasticity of Supply

    • Guided course
      Price Elasticity of Supply
      05:38

    Revenue, Cost, and Profit

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

    The Production Function and Diminishing Returns

    • Guided course
      The Production Function and Diminishing Returns
      07:45
    • Guided course
      Calculating Fixed Cost, Variable Cost, and Average Total Cost
      05:09

    Marginal Cost

    • Guided course
      Marginal Cost
      10:48

    The Relationship Between Average Cost and Marginal Cost

    • Guided course
      Average Cost and Marginal Cost
      06:38
    • Guided course
      Patterns of MC, AFC, AVC, and ATC curves
      08:56

    Graphing Costs

    • Guided course
      Graphing Cost Curves
      10:54

    Average Total Cost: Short Run and Long Run

    • Guided course
      ATC in the Short Run and Long Run
      13:13

    Budget Constraint

    • Guided course
      Budget Constraint (Budget Line)
      08:41
    • Guided course
      Budget Constraint:Change in Price of a Good
      03:50
    • Guided course
      Budget Constraint:Change in Income
      03:44

    Indifference Curves

    • Guided course
      Indifference Curves
      14:47
    • Guided course
      Properties of Indifference Curves
      04:23

    Consumer Optimum Consumption: Budget Constraint and Indifference Curves

    • Guided course
      Consumer Optimum Consumption: Budget Constraint and Indifference Curves
      07:07

    Consumer Optimum Consumption: Marginal Utility per Dollar Spent

    • Guided course
      Consumer Optimum Consumption: Marginal Utility per Dollar Spent
      09:38

    The Production Function and Marginal Revenue Product

    • Guided course
      The Factors of Production
      02:41
    • Guided course
      Marginal Revenue Product
      10:37
    • Guided course
      Marginal Revenue Product (Value of the Marginal Product of Labor)
      02:47

    Demand for Labor in Perfect Competition

    • Guided course
      Demand for Labor in Perfect Competition
      04:33

    Shifts in Labor Demand

    • Guided course
      Shifts in Labor Demand:Technological Change (II)
      03:09
    • Guided course
      Shifts in Labor Demand:Output Price
      06:57
    • Guided course
      Shifts in Labor Demand:Technological Change (I)
      03:01

    Supply of Labor in Perfect Competition

    • Guided course
      Supply of Labor in Perfect Competition
      03:17
    • Guided course
      Individual Supply Curve of Labor (Backward-Bending Supply Curve)
      04:34

    Shifts in Labor Supply

    • Guided course
      Shifts in Labor Supply
      03:47

    Differences in Wages

    • Guided course
      Differences in Wages:Efficiency Wages and Superstars
      04:12
    • Guided course
      Differences in Wages:Compensating Differential and Human Capital
      02:39

    Other Factors of Production: Land and Capital

    • Guided course
      Other Factors of Production: Capital
      02:08
    • Guided course
      Other Factors of Production: Land
      03:31