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Microeconomics Midterm 2 Study Guide: Step-by-Step Guidance

Study Guide - Learn with Videos

Curated lessons matched to your uploaded material – learn every topic step by step.

Sources of Comparative Advantage

  • Guided course
    Sources of Comparative Advantage
    06:08

Exporting and Importing

  • Guided course
    Low World Price:Import
    06:36
  • Guided course
    Autarky
    04:
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    High World Price:Export
    09:03

Tariffs on Imports

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    Tariffs on Imports
    14:35

Externalities: Social Benefits and Social Costs

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    Externalities on the Graph
    14:23
  • Guided course
    Negative Externality and Positive Externality
    10:54

Public Solutions to Externalities

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    Public Solutions to Externalities:Quantity Limits
    04:07
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    Public Solutions to Externalities:Command-and-Control Policies and Corrective Pigovian Taxes and Subsidies
    16:25

Four Types of Goods and Two Characteristics

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

The Free Rider Problem and the Tragedy of the Commons

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    Tragedy of the Commons
    07:34
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    Free Rider Problem
    06:11

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