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Microeconomics: Foundations, Production, Efficiency, and Market Dynamics

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Introduction to Economics

  • Guided course
    Hello!
    00:16

Microeconomics vs. Macroeconomics

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    Definition of Economics:Micro vs. Macro
    02:16

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

Marginal Cost

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    Marginal Cost
    10:48

Competitive Markets

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    Introduction to Supply and Demand
    07:03

The Demand Curve

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    The Basics of Demand
    07:15
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    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
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    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

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    Shifting Supply - Warning!
    03:08

Market Equilibrium

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

Consumer Surplus and Willingness to Pay

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

Producer Surplus and Willingness to Sell

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

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

Introducing Taxes and Tax Incidence

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    Tax Incidence
    03:21
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    Taxes and Tax Incidence
    13:27

Effects of Taxes on a Market

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    Effects of Taxes
    09:45

Elasticity and Taxes

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    Elasticity and Taxes:Perfectly Elastic Demand and Perfectly Inelastic Demand
    02:58
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    Elasticity and Taxes
    07:03

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
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    Different Answers when Increasing or Decreasing Prices! (Part 2)
    05:31

Price Elasticity of Demand on a Graph

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    Price Elasticity of Demand on a Graph
    11:34

Elasticity and the Midpoint Method

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    The Midpoint Method
    10:04

Determinants of Price Elasticity of Demand

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    Determinants of Price Elasticity of Demand
    06:12

Total Revenue Test

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    Total Revenue Test
    09:31

Total Revenue Along a Linear Demand Curve

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    Total Revenue Along a Linear Demand Curve
    07:13

Cross-Price Elasticity of Demand

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    Cross-Price Elasticity of Demand
    07:14

Income Elasticity of Demand

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    Income Elasticity of Demand
    10:57

Price Elasticity of Supply

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    Price Elasticity of Supply
    05:38

Price Elasticity of Supply on a Graph

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    Price Elasticity of Supply on a Graph
    03:46