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Microeconomics Core Concepts: Principles, Models, and Market Analysis

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Introduction to Economics

  • Guided course
    Hello!
    00:16

Scarcity and Choice

  • Guided course
    Defining Economic Terms:Scarcity, Trade-offs, and Opportunity Costs
    02:39

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

    The Demand Curve

    • Guided course
      The Basics of Demand
      07:15
    • Guided course
      Individual Demand and Market Demand
      06:08

    Shifts in the Demand Curve

    • Guided course
      Consumer Income:Normal Goods and Inferior Goods
      01:48
    • Guided course
      Substitute Goods
      04:10
    • Guided course
      Consumer Expectations
      02:18

    Movement Along a Demand Curve

    • Guided course
      Shifting Demand - Warning!
      05:29

    The Supply Curve

    • Guided course
      Individual Supply and Market Supply
      06:04
    • Guided course
      The Basics of Supply
      03:53

    Shifts in the Supply Curve

    • Guided course
      Nature
      01:
    • Guided course
      Technology
      01:27
    • Guided course
      Substitutes in Production
      03:02

    Movement Along a Supply Curve

    • Guided course
      Shifting Supply - Warning!
      03:08

    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

    Effects of Surplus

    • Guided course
      Surplus
      03:05

    Effects of Shortage

    • Guided course
      Shortage
      02:01

    Revenue, Cost, and Profit

    • Guided course
      Explicit and Implicit Cost
      05:51
    • Guided course
      Fixed Costs and Variable Costs; Short Run and Long Run
      07:54
    • Guided course
      Accounting Profit and Economic Profit
      01:59

    The Production Function and Diminishing Returns

    • Guided course
      The Production Function and Diminishing Returns
      07:45
    • Guided course
      Calculating Fixed Cost, Variable Cost, and Average Total Cost
      05:09

    Marginal Cost

    • Guided course
      Marginal Cost
      10:48

    The Relationship Between Average Cost and Marginal Cost

    • Guided course
      Average Cost and Marginal Cost
      06:38
    • Guided course
      Patterns of MC, AFC, AVC, and ATC curves
      08:56

    Graphing Costs

    • Guided course
      Graphing Cost Curves
      10:54

    Average Total Cost: Short Run and Long Run

    • Guided course
      ATC in the Short Run and Long Run
      13:13

    Introduction to the Four Market Models

    • Guided course
      Four Market Model Summary
      02:25

    Characteristics of Perfect Competition

    • Guided course
      Characteristics of Perfect Competition
      02:29
    • Guided course
      Market Demand and Individual Firm Demand
      03:57

    Revenue in Perfect Competition

    • Guided course
      Revenue in Perfect Competition
      06:20
    • Guided course
      Calculating Profit from a Table
      08:15

    Perfect Competition Profit on the Graph

    • Guided course
      Profit on the Graph in Perfect Competition
      13:25

    Short Run Shutdown Decision

    • Guided course
      Short Run Shutdown Decision (continued)
      07:54
    • Guided course
      Short Run Shutdown Decision on the Graph
      07:05
    • Guided course
      Short Run Shutdown Decision
      03:28

    Long Run Entry and Exit Decision

    • Guided course
      Long Run Exit/Enter Decision (continued)
      06:04
    • Guided course
      Long Run Exit/Enter Decision
      02:39
    • Guided course
      Long Run Exit/Enter Decision on the Graph
      09:32

    Individual Supply Curve in the Short Run and Long Run

    • Guided course
      Individual Firm Supply Curve in the Long Run
      03:12
    • Guided course
      Individual Firm Supply Curve in the Short Run
      03:19

    Market Supply Curve in the Short Run and Long Run

    • Guided course
      Market Supply Curve in the Long Run
      06:07
    • Guided course
      Market Supply Curve in the Short Run
      03:02

    Long Run Equilibrium

    • Guided course
      Long Run Equilibrium
      07:04

    Perfect Competition and Efficiency

    • Guided course
      Efficiency in Perfect Competition
      06:46

    Four Market Model Summary: Perfect Competition

    • Guided course
      Four Market Model Summary: Perfect Competition
      05:02

    Characteristics of Monopoly

    • Guided course
      Monopoly Barriers to Entry
      06:29
    • Guided course
      Characteristics of Monopoly
      02:48
    • Guided course
      Monopoly Demand Curve
      04:17

    Monopoly Revenue

    • Guided course
      Monopoly Revenue
      03:37
    • Guided course
      Monopoly and Marginal Revenue
      06:43

    Monopoly Profit on the Graph

    • Guided course
      Monopoly Profit on the Graph
      07:41

    Monopoly Efficiency and Deadweight Loss

    • Guided course
      Monopoly Efficiency and Deadweight Loss
      12:19

    Price Discrimination

    • Guided course
      Price Discrimination
      04:05
    • Guided course
      Perfect Price Discrimination
      06:11
    • Guided course
      Price Discrimination
      07:45

    Antitrust Laws and Government Regulation of Monopolies

    • Guided course
      Antitrust Laws
      03:58
    • Guided course
      Monopoly:Socially Optimal Price and Fair-Return Price
      07:21

    Four Market Model Summary: Monopoly

    • Guided course
      Four Market Model Summary: Monopoly
      04:34

    Characteristics of Monopolistic Competition

    • Guided course
      Characteristics of Monopolistic Competition
      05:53
    • Guided course
      Monopolistic Competition Demand Curve
      04:25

    Revenue in Monopolistic Competition

    • Guided course
      Monopolistic Competition Revenue
      03:28
    • Guided course
      Monopolistic Competition Marginal Revenue
      07:13

    Monopolistic Competition Profit on the Graph

    • Guided course
      Monopolistic Competition Profit on the Graph
      07:07

    Monopolistic Competition in the Long Run

    • Guided course
      Monopolistic Competition in the Long Run
      09:47
    • Guided course
      How Companies Stay Profitable
      01:33

    Efficiency in Monopolistic Competition

    • Guided course
      Monopolistic Competition Productive Efficiency
      03:54
    • Guided course
      Monopolistic Competition Allocative Efficiency
      02:56

    Advertising

    • Guided course
      The Role of Advertising
      04:52

    Four Market Model Summary: Monopolistic Competition

    • Guided course
      Four Market Model Summary: Monopolistic Competition
      03:30

    Characteristics of Oligopoly

    • Guided course
      Characteristics of Oligopoly
      04:45
    • Guided course
      Oligopoly Barriers to Entry
      05:16

    One-Time Games and the Prisoner's Dilemma

    • Guided course
      Game Theory, One-Time Games, and the Prisoner's Dilemma
      05:28
    • Guided course
      One-Time Games:Finding Dominant Strategies and Nash Equilibrium with the "Check and X"Method
      06:03
    • Guided course
      Dominant Strategy and the Nash Equilibrium
      06:29

    Game Theory and Oligopoly Profit

    • Guided course
      Oligopoly Profit
      06:36
    • Guided course
      Oligopoly Profit
      10:08

    Repeated Games

    • Guided course
      Repeated Games
      02:28

    Kinked-Demand Theory

    • Guided course
      Oligopoly:Kinked Demand Theory
      13:04

    Four Market Model Summary: Oligopoly

    • Guided course
      Four Market Model Summary: Oligopoly
      03:39

    Price Elasticity of Demand on a Graph

    • Guided course
      Price Elasticity of Demand on a Graph
      11:34

    Determinants of Price Elasticity of Demand

    • Guided course
      Determinants of Price Elasticity of Demand
      06:12

    Total Revenue Test

    • Guided course
      Total Revenue Test
      09:31

    Total Revenue Along a Linear Demand Curve

    • Guided course
      Total Revenue Along a Linear Demand Curve
      07:13

    Income Elasticity of Demand

    • Guided course
      Income Elasticity of Demand
      10:57

    Cross-Price Elasticity of Demand

    • Guided course
      Cross-Price Elasticity of Demand
      07:14

    Price Elasticity of Supply

    • Guided course
      Price Elasticity of Supply
      05:38

    Price Elasticity of Supply on a Graph

    • Guided course
      Price Elasticity of Supply on a Graph
      03:46

    Elasticity Summary

    • Guided course
      Elasticity Summary
      04:06