Introduction to Economics
Microeconomics vs. Macroeconomics
People Are Rational
Positive and Normative Analysis
Relationships between Variables
Graphs of Two Variables
Scarcity and Choice
Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
PPF - Comparative Advantage and Absolute Advantage
The Demand Curve
Shifts in the Demand Curve
Movement Along a Demand Curve
The Supply Curve
Shifts in the Supply Curve
Movement Along a Supply Curve
Market Equilibrium
Using the Supply and Demand Curves to Find Equilibrium
Price Ceilings, Price Floors, and Black Markets
Effects of Surplus
Effects of Shortage
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