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Microeconomics Midterm Study Guide: Core Principles and Applications

Study Guide - Learn with Videos

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Scarcity and Choice

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

Finding the Maximum and Minimum Points on Graphs

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    Finding Maximum and Minimum on a Graph
    02:32

Marginal Analysis

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    Marginal Analysis
    09:36

Using the Supply and Demand Curves to Find Equilibrium

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    Equilibrium
    04:19
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    Results of Both Shifting
    06:34
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    Demand Shifts
    06:18

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

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

Price Elasticity of Supply on a Graph

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    Price Elasticity of Supply on a Graph
    03:46

Movement Along a Supply Curve

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    Shifting Supply - Warning!
    03:08

Effects of Shortage

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    Shortage
    02:01

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

Tax Efficiency

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    Tax Efficiency
    06:43
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    Uniform Tax System
    03:04

Supply of Labor in Perfect Competition

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    Supply of Labor in Perfect Competition
    03:17
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    Individual Supply Curve of Labor (Backward-Bending Supply Curve)
    04:34

Antitrust Laws and Government Regulation of Monopolies

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    Antitrust Laws
    03:58
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    Monopoly:Socially Optimal Price and Fair-Return Price
    07:21

Repeated Games

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    Repeated Games
    02:28

Monopolistic Competition Profit on the Graph

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    Monopolistic Competition Profit on the Graph
    07:07

Percentage and Decimal Review

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    Calculating Percentage Change
    02:29

Solutions to Informational Problems

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    Solutions to Informational Problems:Screening
    05:57
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    Solutions to Informational Problems:Signaling
    03:06

Allocative Efficiency, Productive Efficiency, and Equality

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    Equality
    01:17
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    Efficiency and Productive Efficiency
    04:04
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    Allocative Efficiency
    02:23

Externalities: Social Benefits and Social Costs

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

Four Types of Goods and Two Characteristics

  • Guided course
    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