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Microeconomics I: Theory of Consumer Behavior and Demand – Study Notes

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Introduction to Economics

  • Guided course
    Hello!
    00:16

People Are Rational

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    People Are Rational
    01:32

Scarcity and Choice

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    Defining Economic Terms:Scarcity, Trade-offs, and Opportunity Costs
    02:39

Microeconomics vs. Macroeconomics

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    Definition of Economics:Micro vs. Macro
    02:16

Budget Constraint

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

Indifference Curves

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    Indifference Curves
    14:47
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    Properties of Indifference Curves
    04:23

Indifference Curves for Perfect Substitutes and Perfect Complements

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    Indifference Curves for Perfect Substitutes and Perfect Complements
    04:02

Consumer Optimum Consumption: Budget Constraint and Indifference Curves

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    Consumer Optimum Consumption: Budget Constraint and Indifference Curves
    07:07

Consumer Optimum Consumption: Marginal Utility per Dollar Spent

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    Consumer Optimum Consumption: Marginal Utility per Dollar Spent
    09:38

Percentage and Decimal Review

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    Calculating Percentage Change
    02:29

The Demand Curve

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

Percentage Change and Price Elasticity of Demand

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    Percentage Change and Price Elasticity of Demand
    09:14
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    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

Determinants of Price Elasticity of Demand

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    Determinants of Price Elasticity of Demand
    06:12

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