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Free Microeconomics courses, lessons, transcripts, and guided learning paths on CourseHive.
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Hey econ students! Thank you for watching my videos. I really appreciate it. In this video I quickly go over the difference between the inflation rate...
Macro Unit 2: Economic Indicators and the Business CycleThis video uses game theory to solve a simple problem. Bob and Al are magicians. They’ve agreed to only perform one show per week and each earn $10,00...
Principles of Economics: MicroeconomicsWe live in a world of scarcity. In other words, what we want outweighs what we can attain. Why? Well, we have limited resources – money, options, time...
Principles of Economics: MicroeconomicsThink about what restricts your choices when it comes to buying goods and services. Your income is one variable. Prices are another. What about what y...
Principles of Economics: MicroeconomicsThink through all of the variables that determine the price of a cup of coffee. It might help to imagine the coffee beans on the farm first. Consider...
Principles of Economics: MicroeconomicsEveryday, you make tons of decisions about consumption. Your choices about what and how much of a good to buy are influenced by the laws of supply and...
Principles of Economics: MicroeconomicsA signal is an action that reveals information. Let’s look at higher education, for example. A large fraction of the value you receive from your degre...
Principles of Economics: MicroeconomicsWhat are some solutions to moral hazard? We could try to make information less asymmetric — meaning both parties have similar information, making it h...
Principles of Economics: MicroeconomicsImagine you take your car in to the shop for routine service and the mechanic says you need a number of repairs. Do you really need them? The mechanic...
Principles of Economics: MicroeconomicsIn this video, we discuss asymmetric information, adverse selection, and propitious selection in relation to the market for health insurance. Health i...
Principles of Economics: MicroeconomicsGeorge Akerlof, a Nobel Prize-winning economist, analyzed the theory of adverse selection – which occurs when an offer conveys negative information ab...
Principles of Economics: MicroeconomicsHow common resources, like fisheries and forests, suffer from the tragedy of the commons, and economic solutions including property rights, tradable q...
Principles of Economics: MicroeconomicsCourseHive collects free Microeconomics courses and lessons so you can start learning online without payment.
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