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Microeconomics Core Concepts: Study Notes and Review

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Introduction to Economics

  • Guided course
    Hello!
    00:16

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

Sources of Comparative Advantage

  • Guided course
    Sources of Comparative Advantage
    06:08

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

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

Movement Along a Demand Curve

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    Shifting Demand - Warning!
    05:29

The Supply Curve

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

Shifts in the Supply Curve

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    Nature
    01:
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    Technology
    01:27
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    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

Price Ceilings, Price Floors, and Black Markets

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    Price Ceilings
    07:07
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    Price Floors and Black Markets
    08:03
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    Price Floors
    02:18

Percentage Change and Price Elasticity of Demand

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    Percentage Change and Price Elasticity of Demand
    09:14
  • Guided course
    Different Answers when Increasing or Decreasing Prices! (Part 1)
    04:34
  • Guided course
    Different Answers when Increasing or Decreasing Prices! (Part 2)
    05:31

Elasticity and the Midpoint Method

  • Guided course
    The Midpoint Method
    10:04

Consumer Optimum Consumption: Marginal Utility per Dollar Spent

  • Guided course
    Consumer Optimum Consumption: Marginal Utility per Dollar Spent
    09:38

Revenue, Cost, and Profit

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    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

Characteristics of Perfect Competition

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

Perfect Competition Profit on the Graph

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    Profit on the Graph in Perfect Competition
    13:25

Characteristics of Monopoly

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

Monopoly Profit on the Graph

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    Monopoly Profit on the Graph
    07:41

Four Market Model Summary: Perfect Competition

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    Four Market Model Summary: Perfect Competition
    05:02

Four Market Model Summary: Monopoly

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    Four Market Model Summary: Monopoly
    04:34

Four Market Model Summary: Monopolistic Competition

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    Four Market Model Summary: Monopolistic Competition
    03:30

Four Market Model Summary: Oligopoly

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    Four Market Model Summary: Oligopoly
    03:39

Game Theory and Oligopoly Profit

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

Exporting and Importing

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    Low World Price:Import
    06:36
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    Autarky
    04:
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    High World Price:Export
    09:03