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Microeconomics Exam 1 Study Guidance

Study Guide - Learn with Videos

Curated lessons matched to your uploaded material – learn every topic step by step.

Positive and Normative Analysis

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

Three Key Economic Ideas

  • Guided course
    Marginal Analysis
    09:36
  • People Are Rational
    02:02
  • Guided course
    Economic Incentives
    01:40

Introduction to Economics

  • Economic Systems
    01:42
  • Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
    04:30
  • Guided course
    Hello!
    00:16

Productive and Allocative Efficiency

  • Equity and Fairness
    04:14
  • Productive Efficiency and Allocative Efficiency
    03:26

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

  • Guided course
    Understanding the PPF
    06:23
  • Guided course
    PPF - Attainable and Efficient
    04:48

PPF - Comparative Advantage and Trade

  • Comparative Advantage and Specialization in Trade
    05:30

Introduction to Supply and Demand

  • Perfect Competition
    03:23

Individual Demand and Market Demand

  • Individual and Market Demand
    03:59

Overview of Supply and Demand Shifts

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

Supply and Demand Together: Equilibrium, Shortage, and Surplus

  • Law of Supply and Demand
    02:43
  • Equilibrium
    02:41

Individual Supply and Market Supply

  • Guided course
    Individual Supply and Market Supply
    06:04

Shifting Demand

  • Consumer Income: Normal Goods and Inferior Goods
    01:30
  • Consumer Preferences
    01:44
  • Number of Consumers
    02:15

The Basics of Supply

  • The Basics of Supply
    02:43

Willingness to Sell and Producer Surplus

  • Willingness to Sell and Producer Surplus
    03:04
  • Producer Surplus and Market Supply
    04:03
  • Producer Surplus
    01:30

Introducing Taxes and Tax Incidence

  • Guided course
    Tax Incidence
    03:21
  • Guided course
    Taxes and Tax Incidence
    13:27

Factors of Production

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