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Microeconomics Study Guide: Core Concepts, Formulas, and Graphs

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Introduction to Supply and Demand

  • Perfect Competition
    03:23

The Basics of Supply

  • The Basics of Supply
    02:43

The Basics of Demand

  • The Basics of Demand
    06:02

Shifting Supply

  • Guided course
    Nature
    01:
  • Technology
    01:39
  • Shifting Supply
    01:56

Shifting Demand

  • Consumer Income: Normal Goods and Inferior Goods
    01:30
  • Consumer Preferences
    01:44
  • Number of Consumers
    02:15

Overview of Supply and Demand Shifts

  • Guided course
    Overview of Supply and Demand Shifts
    04:07

Supply and Demand Together: Equilibrium, Shortage, and Surplus

  • Law of Supply and Demand
    02:43
  • Equilibrium
    02:41

Supply and Demand: Quantitative Analysis

  • Guided course
    Finding Equilibrium Using Algebra
    05:11
  • Guided course
    Isolating Variables in the Demand Equation
    03:57
  • Guided course
    Finding Equilibrium with Equations and a Graph
    07:22

Percentage Change and Price Elasticity of Demand

  • Interpreting Elasticity
    04:56
  • Introducing Price Elasticity of Demand
    03:33
  • Guided course
    Different Answers when Increasing or Decreasing Prices! (Part 1)
    04:34

Elasticity and the Midpoint Method

  • Guided course
    The Midpoint Method
    10:04

Willingness to Pay and Consumer Surplus

  • Consumer Surplus and Market Demand
    06:03
  • Consumer Surplus
    02:15
  • Willingness to Pay and Consumer Surplus
    03:39

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

Consumer Optimum Consumption: Budget Constraint and Indifference Curves

  • Guided course
    Consumer Optimum Consumption: Budget Constraint and Indifference Curves
    07:07

Indifference Curves

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

Indifference Curves for Perfect Substitutes and Perfect Complements

  • Guided course
    Indifference Curves for Perfect Substitutes and Perfect Complements
    04:02

Consumer Optimum Consumption: Marginal Utility per Dollar Spent

  • Guided course
    Consumer Optimum Consumption: Marginal Utility per Dollar Spent
    09:38

Individual Supply Curve in the Short Run and Long Run

  • Guided course
    Individual Firm Supply Curve in the Long Run
    03:12
  • Guided course
    Individual Firm Supply Curve in the Short Run
    03:19

The Basics of Demand

  • The Basics of Demand
    06:02

The Basics of Demand

  • The Basics of Demand
    06:02

Determinants of Price Elasticity of Demand

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

The Production Function and Diminishing Returns

  • Guided course
    The Production Function and Diminishing Returns
    07:45
  • Guided course
    Calculating Fixed Cost, Variable Cost, and Average Total Cost
    05:09

Isoquant Lines

  • Guided course
    Isoquant Lines
    09:45

The Production Function and Diminishing Returns

  • Guided course
    The Production Function and Diminishing Returns
    07:45
  • Guided course
    Calculating Fixed Cost, Variable Cost, and Average Total Cost
    05:09

Cost-Minimizing Combination of Labor and Capital

  • Guided course
    Cost Minimizing Combination of Labor and Capital
    05:02
  • Guided course
    Differences in Cost Minimizing Point
    01:45

Marginal Cost

  • Guided course
    Marginal Cost
    10:48