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Efficiency and Equity in Microeconomics: Resource Allocation, Surplus, and Fairness

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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

Competitive Markets

  • Guided course
    Introduction to Supply and Demand
    07:03

Market Equilibrium

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

Effects of Surplus

  • Guided course
    Surplus
    03:05

Effects of Shortage

  • Guided course
    Shortage
    02:01

Public Goods: Demand Curve and Optimal Quantity

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

The Free Rider Problem and the Tragedy of the Commons

  • Guided course
    Tragedy of the Commons
    07:34
  • Guided course
    Free Rider Problem
    06:11

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

Monopoly Efficiency and Deadweight Loss

  • Guided course
    Monopoly Efficiency and Deadweight Loss
    12:19

Positive and Normative Analysis

  • Guided course
    Identifying Statements
    02:48
  • Guided course
    Positive Statements vs. Normative Statements
    04:35