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Markets for Factors of Production: Microeconomics Study Notes

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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

Shifts in Labor Demand

  • Guided course
    Shifts in Labor Demand:Technological Change (II)
    03:09
  • Guided course
    Shifts in Labor Demand:Output Price
    06:57
  • Guided course
    Shifts in Labor Demand:Technological Change (I)
    03:01

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

Unions

  • Guided course
    Labor Unions
    06:50

Monopsony

  • Guided course
    Monopsony
    07:18
  • Guided course
    Monopsony and Minimum Wage
    03:52

Bilateral Monopoly

  • Guided course
    Bilateral Monopoly
    05:32