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Microeconomics Study Notes: Scarcity, Opportunity Cost, Comparative Advantage, Demand & Supply, and Market Interventions

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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency

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

PPF - Comparative Advantage and Absolute Advantage

  • Opportunity Costs and Comparative Advantage
    04:36
  • Different PPFs and Absolute Advantage
    02:03

PPF - Comparative Advantage and Trade

  • Comparative Advantage and Specialization in Trade
    05:30

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

Willingness to Sell and Producer Surplus

  • Willingness to Sell and Producer Surplus
    03:04
  • Producer Surplus and Market Supply
    04:03
  • Producer Surplus
    01:30

Economic Surplus and Efficiency

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

The Basics of Demand

  • The Basics of Demand
    06:02

Shifting Demand

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

The Basics of Supply

  • The Basics of Supply
    02:43

Shifting Supply

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

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

Price Ceilings, Price Floors, and Black Markets

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

Quantitative Analysis of Price Ceilings and Price Floors: Finding Points

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

Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas

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

Introducing Taxes and Tax Incidence

  • Guided course
    Tax Incidence
    03:21
  • Guided course
    Taxes and Tax Incidence
    13:27

Effects of Taxes on a Market

  • Guided course
    Effects of Taxes
    07:49
  • Tax Revenue
    03:59

Exporting and Importing

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

Tariffs

  • Guided course
    Tariffs on Imports
    14:35

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