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Microeconomics Fundamentals: Key Concepts and Applications

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The Demand Curve

  • Guided course
    The Basics of Demand
    07:15
  • Guided course
    Individual Demand and Market Demand
    06:08

People Are Rational

  • Guided course
    People Are Rational
    01:32

People Respond to Incentives

  • Guided course
    Economic Incentives
    01:40

Circular Flow Diagram

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

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

Graphs of Two Variables

  • Guided course
    Plotting Points on a Graph
    04:34

Relationships between Variables

  • Guided course
    Drawing and Shifting Curves
    07:33

Movement Along a Demand Curve

  • Guided course
    Shifting Demand - Warning!
    05:29

The Supply Curve

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

Income Elasticity of Demand

  • Guided course
    Income Elasticity of Demand
    10:57

Percentage Change and Price Elasticity of Demand

  • Guided course
    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

Price Elasticity of Demand on a Graph

  • Guided course
    Price Elasticity of Demand on a Graph
    11:34

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

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

Budget Constraint

  • Guided course
    Budget Constraint (Budget Line)
    08:41
  • Guided course
    Budget Constraint:Change in Price of a Good
    03:50
  • Guided course
    Budget Constraint:Change in Income
    03:44

Consumer Optimum Consumption: Marginal Utility per Dollar Spent

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

Marginal Cost

  • Guided course
    Marginal Cost
    10:48

Average Total Cost: Short Run and Long Run

  • Guided course
    ATC in the Short Run and Long Run
    13:13

The Production Function and Diminishing Returns

  • Guided course
    The Production Function and Diminishing Returns
    07:45
  • Guided course
    Calculating Fixed Cost, Variable Cost, and Average Total Cost
    05:09

Isocost Lines

  • Guided course
    Isocost Lines
    04:27