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Microeconomics Midterm Exam Study Guide: Concepts, Calculations, and Applications

Study Guide - Learn with Videos

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

Introduction to Economics

  • Guided course
    Hello!
    00:16

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

Scarcity and Choice

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

Relationships between Variables

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    Drawing and Shifting Curves
    07:33

Interpreting Graphs, Correlation, Causation, and Omitted Variables

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    Interpreting Graphs (Part One)
    03:27
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    Interpreting Graphs (Part Two)
    03:02

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

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

Market Equilibrium

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    Overview of Supply and Demand Shifts
    04:07

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

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

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

Marginal Analysis

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    Marginal Analysis
    09:36

Perfect Competition and Efficiency

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    Efficiency in Perfect Competition
    06:46