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General Equilibrium and Social Welfare in Microeconomics

Study Guide - Learn with Videos

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Allocative Efficiency, Productive Efficiency, and Equality

  • Guided course
    Equality
    01:17
  • Guided course
    Efficiency and Productive Efficiency
    04:04
  • Guided course
    Allocative Efficiency
    02:23

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 - 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

    PPF - The Price of the Trade

    • Guided course
      The Price of the Trade
      03:47

    Competitive Markets

    • Guided course
      Introduction to Supply and Demand
      07:03

    Market Equilibrium

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

    Using the Supply and Demand Curves to Find Equilibrium

    • Guided course
      Equilibrium
      04:19
    • Guided course
      Results of Both Shifting
      06:34
    • Guided course
      Demand Shifts
      06:18

    Economic Surplus and Efficiency

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

    Positive and Normative Analysis

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