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Microeconomics Exam I Study Guide: Principles, Models, and Market Analysis

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Marginal Analysis

  • Guided course
    Marginal Analysis
    09:36

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 - 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

    Circular Flow Diagram

    • Guided course
      Households and Firms
      01:32
    • Guided course
      The Circular Flow Diagram
      04:20

    Positive and Normative Analysis

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

    Movement Along a Demand Curve

    • Guided course
      Shifting Demand - Warning!
      05:29

    Movement Along a Supply Curve

    • Guided course
      Shifting Supply - Warning!
      03:08

    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

    Shifts in the Supply Curve

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

    Market Equilibrium

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

    Consumer Surplus and Willingness to Pay

    • Guided course
      Consumer Surplus in a Small Setting
      14:41
    • Guided course
      Consumer Surplus and Market Demand
      06:08
    • Guided course
      Consumer Surplus
      03:15

    Producer Surplus and Willingness to Sell

    • Guided course
      Producer Surplus and Market Supply
      05:24
    • Guided course
      Producer Surplus
      02:55
    • Guided course
      Producer Surplus in a Small Setting
      11:38

    Economic Surplus and Efficiency

    • Guided course
      Deadweight Loss and Market Failure
      07:08
    • Guided course
      Economic Surplus
      11:40

    Effects of Surplus

    • Guided course
      Surplus
      03:05

    Effects of Shortage

    • Guided course
      Shortage
      02:01

    Price Ceilings, Price Floors, and Black Markets

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

    Four Types of Goods and Two Characteristics

    • Guided course
      The Four Types of Goods:Private Goods, Club Goods, Common Resources, and Public Goods
      11:08
    • Guided course
      Two Characteristics:Rivalry in Consumption and Excludability
      05:02