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Microeconomics Review: Principles, Consumer and Producer Behavior, Market Structures, and Externalities

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Scarcity and Choice

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

Marginal Analysis

  • Guided course
    Marginal Analysis
    09:36

Competitive Markets

  • Guided course
    Introduction to Supply and Demand
    07:03

The Demand Curve

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

The Supply Curve

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

Price Elasticity of Demand on a Graph

  • Guided course
    Price Elasticity of Demand on a Graph
    11:34

Determinants of Price Elasticity of Demand

  • Guided course
    Determinants of Price Elasticity of Demand
    06:12

Income Elasticity of Demand

  • Guided course
    Income Elasticity of Demand
    10:57

Budget Constraint

  • Guided course
    Budget Constraint (Budget Line)
    08:41
  • Guided course
    Budget Constraint:Change in Price of a Good
    03:50
  • Guided course
    Budget Constraint:Change in Income
    03:44

Indifference Curves

  • Guided course
    Indifference Curves
    14:47
  • Guided course
    Properties of Indifference Curves
    04:23

The Relationship Between Average Cost and Marginal Cost

  • Guided course
    Average Cost and Marginal Cost
    06:38
  • Guided course
    Patterns of MC, AFC, AVC, and ATC curves
    08:56

Marginal Cost

  • Guided course
    Marginal Cost
    10:48

Short Run Shutdown Decision

  • Guided course
    Short Run Shutdown Decision (continued)
    07:54
  • Guided course
    Short Run Shutdown Decision on the Graph
    07:05
  • Guided course
    Short Run Shutdown Decision
    03:28

Price Elasticity of Supply

  • Guided course
    Price Elasticity of Supply
    05:38

Long Run Entry and Exit Decision

  • Guided course
    Long Run Exit/Enter Decision (continued)
    06:04
  • Guided course
    Long Run Exit/Enter Decision
    02:39
  • Guided course
    Long Run Exit/Enter Decision on the Graph
    09:32

Long Run Equilibrium

  • Guided course
    Long Run Equilibrium
    07:04

Economic Surplus and Efficiency

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

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

Externalities: Social Benefits and Social Costs

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

Public Solutions to Externalities

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

Demand for Labor in Perfect Competition

  • Guided course
    Demand for Labor in Perfect Competition
    04:33

Supply of Labor in Perfect Competition

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

Differences in Wages

  • Guided course
    Differences in Wages:Efficiency Wages and Superstars
    04:12
  • Guided course
    Differences in Wages:Compensating Differential and Human Capital
    02:39

Characteristics of Monopoly

  • Guided course
    Monopoly Barriers to Entry
    06:29
  • Guided course
    Characteristics of Monopoly
    02:48
  • Guided course
    Monopoly Demand Curve
    04:17

Monopoly Revenue

  • Guided course
    Monopoly Revenue
    03:37
  • Guided course
    Monopoly and Marginal Revenue
    06:43

Monopoly Profit on the Graph

  • Guided course
    Monopoly Profit on the Graph
    07:41

Monopoly Efficiency and Deadweight Loss

  • Guided course
    Monopoly Efficiency and Deadweight Loss
    12:19

Price Discrimination

  • Guided course
    Price Discrimination
    04:05
  • Guided course
    Perfect Price Discrimination
    06:11
  • Guided course
    Price Discrimination
    07:45

Characteristics of Oligopoly

  • Guided course
    Characteristics of Oligopoly
    04:45
  • Guided course
    Oligopoly Barriers to Entry
    05:16

Characteristics of Monopolistic Competition

  • Guided course
    Characteristics of Monopolistic Competition
    05:53
  • Guided course
    Monopolistic Competition Demand Curve
    04:25