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Microeconomics Midterm 1 Study Guide: Chapters 1–6

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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

Sources of Comparative Advantage

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    Sources of Comparative Advantage
    06:08

The Demand Curve

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

The Supply Curve

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

Market Equilibrium

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    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

Economic Surplus and Efficiency

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

Introducing Taxes and Tax Incidence

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

Consumer Optimum Consumption: Marginal Utility per Dollar Spent

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

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

Consumer Optimum Consumption: Budget Constraint and Indifference Curves

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