Principles of Economics: Microeconomics
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What you'll learn
This course includes
- 11.5 hours of video
- Certificate of completion
- Access on mobile and TV
Course content
1 modules • 93 lessons • 11.5 hours of video
Principles of Economics: Microeconomics
93 lessons
• 11.5 hours
Principles of Economics: Microeconomics
93 lessons
• 11.5 hours
- Rent Control in Mumbai 08:43
- Introduction to Economics | Marginal Revolution University (MRU) 03:32
- Opportunity Cost and Tradeoffs 04:38
- What Is Thinking on the Margin, and How Does It Solve the Sunk Cost Fallacy? 06:19
- The Demand Curve 03:31
- The Supply Curve 02:55
- The Equilibrium Price and Quantity 04:50
- Graphing a Demand Curve from a Demand Schedule, and How to Read a Demand Graph 03:46
- What Shifts the Demand Curve? 09:54
- Change in Demand vs. Change in Quantity Demanded 03:19
- What Is Consumer Surplus? 02:56
- Understanding the Supply Curve: Shifts and Producer Surplus 07:30
- What Shifts the Supply Curve? 12:15
- Equilibrium in Economics: How a Supply and Demand Graph Dot Explains Producer and Consumer Surplus 05:25
- Does the Equilibrium Model Work? 08:01
- Supply and Demand Terminology 03:56
- Elasticity of Demand 13:36
- Calculating the Elasticity of Demand 15:52
- Office Hours: Elasticity of Demand 04:23
- Elasticity of Supply 14:18
- Elasticity of Supply: Why Housing is Unaffordable 07:42
- Elasticity of Supply: Do Gun Buybacks Work? 05:39
- Tax Incidence Explained with Supply and Demand 10:31
- Who Pays the Tax? 09:07
- Tax Revenue and Deadweight Loss 11:31
- Subsidies 12:32
- Wage Subsidies 04:27
- I, Rose 02:30
- A Price Is a Signal Wrapped Up in an Incentive 04:47
- Markets Link the World 03:37
- The Great Economic Problem 08:13
- Information and Incentives 09:53
- Speculation 10:51
- Prediction Markets 09:39
- Price Ceilings: The US Economy Flounders in the 1970s 03:50
- How Price Ceilings Create Shortages and Lower Quality 06:26
- Price Ceilings: Lines and Search Costs 10:02
- Price Ceilings: Deadweight Loss 03:32
- Price Ceilings: Misallocation of Resources 11:49
- Price Ceilings: Rent Controls 09:43
- Price Floors: The Minimum Wage 09:46
- Price Floors: Airline Fares 08:17
- Why Do Governments Enact Price Controls? 06:53
- Price Controls and Communism 03:35
- Trade: The Engine of Specialization, Productivity, and Growth 08:02
- Comparative Advantage 07:15
- Another Look at Comparative Advantage 12:24
- Comparative Advantage Homework 05:15
- Tariffs and Protectionism 14:51
- Arguments Against International Trade 13:56
- An Introduction to Externalities 12:15
- External Benefits 07:32
- Command and Control Solutions 09:19
- The Coase Theorem 08:16
- Trading Pollution: How Pollution Permits Paradoxically Reduce Emissions 04:09
- A Deeper Look at Tradeable Allowances 06:01
- Externalities and Incentives: The Economics of COVID 05:58
- Introduction to the Competitive Firm 06:52
- Maximizing Profit Under Competition 13:16
- Maximizing Profit and the Average Cost Curve 12:18
- Entry, Exit, and Supply Curves: Increasing Costs 06:33
- Entry, Exit, and Supply Curves: Constant Costs 10:29
- Entry, Exit, and Supply Curves: Decreasing Costs 06:02
- Minimization of Total Industry Costs of Production 09:06
- The Balance of Industries and Creative Destruction 07:38
- Maximizing Profit Under Monopoly 11:11
- Office Hours: Calculating Monopoly Profit 05:49
- The Monopoly Markup 08:55
- The Costs and Benefits of Monopoly 08:40
- Introduction to Price Discrimination 09:41
- The Social Welfare of Price Discrimination 08:04
- Tying 06:48
- Bundling 15:29
- The Marginal Product of Labor 10:22
- Econ Duel: Is Education Signaling or Skill Building? 09:32
- Human Capital and Signaling 07:13
- The Tradeoff Between Fun and Wages: No Such Thing as a Free Lunch 02:57
- Compensating Differentials 04:43
- Do Unions Raise Wages? 05:06
- Public Goods and Asteroid Defense 02:31
- A Deeper Look at Public Goods 07:56
- Club Goods 05:04
- The Tragedy of the Commons 10:36
- Asymmetric Information and Used Cars 02:40
- Asymmetric Information and Health Insurance 07:31
- Moral Hazard 04:10
- Solutions to Moral Hazard 05:55
- Signaling 06:46
- Introduction to Consumer Choice 04:42
- Budget Constraints 06:46
- Indifference Curves 08:28
- Consumer Optimization 06:29
- Office Hours: Game Theory 04:13
