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Microeconomics Study Guide: Elasticity, Surplus, Taxation, Trade, and Externalities

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Percentage Change and Price Elasticity of Demand

  • Guided course
    Percentage Change and Price Elasticity of Demand
    09:14
  • Guided course
    Different Answers when Increasing or Decreasing Prices! (Part 1)
    04:34
  • Guided course
    Different Answers when Increasing or Decreasing Prices! (Part 2)
    05:31

Determinants of Price Elasticity of Demand

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    Determinants of Price Elasticity of Demand
    06:12

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

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

Producer Surplus and Willingness to Sell

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    Producer Surplus and Market Supply
    05:24
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    Producer Surplus
    02:55
  • Guided course
    Producer Surplus in a Small Setting
    11:38

Price Ceilings, Price Floors, and Black Markets

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    Price Ceilings
    07:07
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    Price Floors and Black Markets
    08:03
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    Price Floors
    02:18

Quantitative Analysis of Price Ceilings and Price Floors: Finding Points

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    Quantitative Analysis of Price Ceilings and Price Floors: Finding Points
    10:30

Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas

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    Overview of Price Ceilings and Floors: Identifying Prices
    09:29
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    Overview of Price Ceilings and Floors: Finding Consumer and Producer Surplus
    15:24
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    Quantitative Analysis of Price Ceilings and Floors: Finding Areas
    11:40

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

Effects of Surplus

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    Surplus
    03:05

Effects of Shortage

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    Shortage
    02:01

Introducing Taxes and Tax Incidence

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    Tax Incidence
    03:21
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    Taxes and Tax Incidence
    13:27

Effects of Taxes on a Market

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    Effects of Taxes
    09:45

Exporting and Importing

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    Low World Price:Import
    06:36
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    Autarky
    04:
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    High World Price:Export
    09:03

Tariffs on Imports

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    Tariffs on Imports
    14:35

Import Quotas and VERs

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    Import Quotas and VERs
    14:08
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    Import Quota
    09:44

Arguments Against International Trade

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    Arguments Against International Trade
    07:50

Sources of Comparative Advantage

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    Sources of Comparative Advantage
    06:08

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

Public Solutions to Externalities

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