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Markets for Factors of Production and Economic Inequality

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Factors of Production

  • Guided course
    Human Capital and Entrepreneurship
    02:08
  • Guided course
    Land, Labor, and Physical Capital
    03:09

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

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

Competitive Markets

  • Guided course
    Introduction to Supply and Demand
    07:03

Unions

  • Guided course
    Labor Unions
    06:50

Isocost Lines

  • Guided course
    Isocost Lines
    04:27

Quantitative Analysis of Taxes

  • Guided course
    Quantitative Analysis of Taxes
    08:01

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

Externalities: Social Benefits and Social Costs

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

Income Inequality in the USA and Worldwide

  • Guided course
    Income Inequality in the USA and Worldwide
    01:37

Income Equality and Efficiency

  • Guided course
    Income Equality and Efficiency
    06:41