Skip to main content
Back

Principles of Microeconomics: Midterm 1 Study Guide

Study Guide - Learn with Videos

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

Introduction to Economics

  • Economic Systems
    01:42
  • Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
    04:30
  • Guided course
    Hello!
    00:16

Positive and Normative Analysis

  • Guided course
    Identifying Statements
    02:48
  • Guided course
    Positive Statements vs. Normative Statements
    04:35

Introduction to Supply and Demand

  • Perfect Competition
    03:23

The Basics of Demand

  • The Basics of Demand
    06:02

Individual Demand and Market Demand

  • Individual and Market Demand
    03:59

The Basics of Supply

  • The Basics of Supply
    02:43

Individual Supply and Market Supply

  • Guided course
    Individual Supply and Market Supply
    06:04

Supply and Demand Together: Equilibrium, Shortage, and Surplus

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

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

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

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

Cross-Price Elasticity of Demand

  • Guided course
    Cross-Price Elasticity of Demand
    07:14

Income Elasticity of Demand

  • Guided course
    Income Elasticity of Demand
    10:57

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

Average Total Cost: Short Run and Long Run

  • Guided course
    ATC in the Short Run and Long Run
    13:13