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Comprehensive Microeconomics Final Exam Study Guide

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People Are Rational

  • Guided course
    People Are Rational
    01:32

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
    Allocative Efficiency with Marginal Analysis
    08:42
  • Guided course
    Increasing Marginal Opportunity Costs
    04:38

PPF - Outward Shifts

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

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

    Market Equilibrium

    • Guided course
      Big Daddy Shift Summary
      04:07

    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

    Shifts in the Supply Curve

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

    Consumer Surplus and Willingness to Pay

    • Guided course
      Consumer Surplus in a Small Setting
      14:41
    • Guided course
      Consumer Surplus and Market Demand
      06:08
    • Guided course
      Consumer Surplus
      03:15

    Producer Surplus and Willingness to Sell

    • Guided course
      Producer Surplus and Market Supply
      05:24
    • Guided course
      Producer Surplus
      02:55
    • Guided course
      Producer Surplus in a Small Setting
      11:38

    Economic Surplus and Efficiency

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

    Price Ceilings, Price Floors, and Black Markets

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

    Introducing Taxes and Tax Incidence

    • Guided course
      Tax Incidence
      03:21
    • Guided course
      Taxes and Tax Incidence
      13:27

    Effects of Taxes on a Market

    • Guided course
      Effects of Taxes
      09:45

    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

    Private Solutions to Externalities: The Coase Theorem

    • Guided course
      The Coase Theorem
      09:03

    Four Types of Goods and Two Characteristics

    • Guided course
      The Four Types of Goods:Private Goods, Club Goods, Common Resources, and Public Goods
      11:08
    • Guided course
      Two Characteristics:Rivalry in Consumption and Excludability
      05:02

    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

    Determinants of Price Elasticity of Demand

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

    Elasticity and the Midpoint Method

    • Guided course
      The Midpoint Method
      10:04

    Price Elasticity of Supply

    • Guided course
      Price Elasticity of Supply
      05:38

    Exporting and Importing

    • Guided course
      Low World Price:Import
      06:36
    • Guided course
      Autarky
      04:
    • Guided course
      High World Price:Export
      09:03

    Sources of Comparative Advantage

    • Guided course
      Sources of Comparative Advantage
      06:08

    Tariffs on Imports

    • Guided course
      Tariffs on Imports
      14:35

    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

    Average Total Cost: Short Run and Long Run

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

    Characteristics of Perfect Competition

    • Guided course
      Characteristics of Perfect Competition
      02:29
    • Guided course
      Market Demand and Individual Firm Demand
      03:57

    Short Run Shutdown Decision

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

    Long Run Entry and Exit Decision

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

    Long Run Equilibrium

    • Guided course
      Long Run Equilibrium
      07:04

    Characteristics of Monopolistic Competition

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

    Monopolistic Competition in the Long Run

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

    Characteristics of Oligopoly

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

    One-Time Games and the Prisoner's Dilemma

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

    Game Theory and Oligopoly Profit

    • Guided course
      Oligopoly Profit
      06:36
    • Guided course
      Oligopoly Profit
      10:08

    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 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