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Microeconomics Study Notes: Surplus, Efficiency, Elasticity, and Consumer Choice

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Consumer Surplus and Willingness to Pay

  • Guided course
    Consumer Surplus in a Small Setting
    14:41
  • Guided course
    Consumer Surplus and Market Demand
    06:08
  • Guided course
    Consumer Surplus
    03:15

Producer Surplus and Willingness to Sell

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

Economic Surplus and Efficiency

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

Price Ceilings, Price Floors, and Black Markets

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

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

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

Percentage Change and Price Elasticity of Demand

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    Percentage Change and Price Elasticity of Demand
    09:14
  • Guided course
    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

Price Elasticity of Demand on a Graph

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    Price Elasticity of Demand on a Graph
    11:34

Determinants of Price Elasticity of Demand

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    Determinants of Price Elasticity of Demand
    06:12

Total Revenue Test

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    Total Revenue Test
    09:31

Price Elasticity of Supply

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    Price Elasticity of Supply
    05:38

Price Elasticity of Supply on a Graph

  • Guided course
    Price Elasticity of Supply on a Graph
    03:46

Elasticity Summary

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    Elasticity Summary
    04:06

Budget Constraint

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

Consumer Optimum Consumption: Budget Constraint and Indifference Curves

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    Consumer Optimum Consumption: Budget Constraint and Indifference Curves
    07:07

Marginal Cost

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    Marginal Cost
    10:48

People Are Rational

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    People Are Rational
    01:32