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Microeconomics Study Guide: Scarcity, Choice, and Market Principles

Study Guide - Learn with Videos

Curated lessons matched to your uploaded material – learn every topic step by step.

Scarcity and Choice

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

Marginal Analysis

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    Marginal Analysis
    09:36

People Are Rational

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    People Are Rational
    01:32

People Respond to Incentives

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    Economic Incentives
    01:40

The Demand Curve

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

Shifts in the Demand Curve

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    Consumer Income:Normal Goods and Inferior Goods
    01:48
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    Substitute Goods
    04:10
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    Consumer Expectations
    02:18

Movement Along a Demand Curve

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    Shifting Demand - Warning!
    05:29

The Supply Curve

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

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

Movement Along a Supply Curve

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    Shifting Supply - Warning!
    03:08

Market Equilibrium

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    Overview of Supply and Demand Shifts
    04:07

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

Percentage Change and Price Elasticity of Demand

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

Microeconomics vs. Macroeconomics

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    Definition of Economics:Micro vs. Macro
    02:16

Introduction to Economics

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    Hello!
    00:16