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Microeconomics Principles: Foundations and Models (Chapter 1 Study Notes)
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Introduction to Economics
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00:16
Hello!
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Microeconomics vs. Macroeconomics
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02:16
Definition of Economics:Micro vs. Macro
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Positive and Normative Analysis
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04:35
Positive Statements vs. Normative Statements
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02:48
Identifying Statements
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Scarcity and Choice
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02:39
Defining Economic Terms:Scarcity, Trade-offs, and Opportunity Costs
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Economic Surplus and Efficiency
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11:40
Economic Surplus
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07:08
Deadweight Loss and Market Failure
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Interpreting Graphs, Correlation, Causation, and Omitted Variables
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03:27
Interpreting Graphs (Part One)
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03:02
Interpreting Graphs (Part Two)
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