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Fundamental Principles and Concepts in Microeconomics
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Scarcity and Choice
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02:39
Defining Economic Terms:Scarcity, Trade-offs, and Opportunity Costs
Brian Krogol
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Factors of Production
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02:08
Human Capital and Entrepreneurship
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03:09
Land, Labor, and Physical Capital
Brian Krogol
5527
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106
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People Are Rational
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01:32
People Are Rational
Brian Krogol
12756
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293
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People Respond to Incentives
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01:40
Economic Incentives
Brian Krogol
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Positive and Normative Analysis
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02:48
Identifying Statements
Brian Krogol
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Guided course
04:35
Positive Statements vs. Normative Statements
Brian Krogol
7017
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137
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Microeconomics vs. Macroeconomics
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02:16
Definition of Economics:Micro vs. Macro
Brian Krogol
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124
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Externalities: Social Benefits and Social Costs
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14:23
Externalities on the Graph
Brian Krogol
3844
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Guided course
10:54
Negative Externality and Positive Externality
Brian Krogol
4400
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63
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Market Equilibrium
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04:07
Big Daddy Shift Summary
Brian Krogol
3880
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