Course: Microeconomics Revision Videos

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Category: Business & Commerce

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- Forum
  
  Microeconomics Discussion Group Forum
  
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Introduction and basic concepts
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  Scarcity Page
  
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  Scarcity and rivalry Page
  
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  Four factors of production Page
  
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  Economic models Page
  
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  Normative and positive statements Page
  
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  Property rights in a market system Page
  
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  Markets and property rights Page
  
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  Production possibilities curve Page
  
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  Opportunity cost Page
  
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  Increasing opportunity cost Page
  
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  PPCs for increasing, decreasing and constant opportunity cost Page
  
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  Comparative advantage, specialization, and gains from trade Page
  
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  Comparative advantage and absolute advantage Page
  
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  Opportunity cost and comparative advantage using an output table Page
  
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  Terms of trade and the gains from trade Page
  
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  Input approach to determining comparative advantage Page
  
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  When there aren't gains from trade Page
  
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  Comparative advantage worked example Page
  
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- Quiz
  
  Quiz
  
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Supply, demand and market equilibrium
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  Law of demand Page
  
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  Market demand as the sum of individual demand Page
  
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  Substitution and income effects and the law of demand Page
  
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  Price of related products and demand Page
  
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  Change in expected future prices and demand Page
  
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  Changes in income, population, or preferences Page
  
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  Normal and inferior goods Page
  
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  Inferior goods clarification Page
  
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  Law of supply Page
  
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  Change in supply versus change in quantity supplied Page
  
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  Factors affecting supply Page
  
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  Market equilibrium Page
  
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  Changes in market equilibrium Page
  
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  Changes in equilibrium price and quantity when supply and demand change Page
  
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Elasticity
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  Introduction to price elasticity of demand Page
  
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  Price elasticity of demand using the midpoint method Page
  
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  More on elasticity of demand Page
  
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  Determinants of price elasticity of demand Page
  
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  Determinants of elasticity example Page
  
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  Perfect inelasticity and perfect elasticity of demand Page
  
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  Constant unit elasticity Page
  
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  Total revenue and elasticity Page
  
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  More on total revenue and elasticity Page
  
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  Elasticity and strange percent changes Page
  
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  Introduction to price elasticity of supply Page
  
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  Elasticity of supply using a different method Page
  
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  Price elasticity of supply determinants Page
  
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  Income elasticity of demand Page
  
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  Cross-price elasticity of demand Page
  
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Consumer and producer surplus, market interventions, and international trade
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  Demand curve as marginal benefit curve Page
  
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  Consumer surplus introduction Page
  
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  Total consumer surplus as area Page
  
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  Producer surplus Page
  
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  Equilibrium, allocative efficiency and total surplus Page
  
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  Rent control and deadweight loss Page
  
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  Minimum wage and price floors Page
  
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  How price controls reallocate surplus Page
  
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  Taxation and dead weight loss Page
  
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  Example breaking down tax incidence Page
  
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  Percentage tax on hamburgers Page
  
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  Taxes and perfectly inelastic demand Page
  
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  Taxes and perfectly elastic demand Page
  
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  Changing equilibria from trade Page
  
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  Trade and tariffs Page
  
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  Example on tariffs and trade Page
  
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Consumer theory
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  Marginal utility and total utility Page
  
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  Visualizing marginal utility MU and total utility TU functions Page
  
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  Utility maximization: equalizing marginal utility per dollar Page
  
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  Deriving demand curve from tweaking marginal utility per dollar Page
  
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  Utility maximization: equalizing marginal utility per dollar Page
  
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  Marginal utility free response example Page
  
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  Budget line Page
  
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  Indifference curves and marginal rate of substitution Page
  
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  Optimal point on budget line Page
  
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  Types of indifference curves Page
  
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Production decisions and economic profit
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  Introduction to production functions Page
  
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  Total product, marginal product, and average product Page
  
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  Fixed, variable, and marginal cost Page
  
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  Marginal cost, average variable cost, and average total cost Page
  
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  Graphs of MC, AVC and ATC Page
  
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  Marginal revenue and marginal cost Page
  
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  Marginal revenue below average total cost Page
  
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  How costs change when fixed and variable costs change Page
  
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  Graphical impact of cost changes on marginal and average costs Page
  
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  Visualizing average costs and marginal costs as slope Page
  
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  Long-run average total cost curve Page
  
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  Economies and diseconomies of scale Page
  
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  Minimum efficient scale and market concentration Page
  
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  Economic profit vs accounting profit Page
  
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  Depreciation and opportunity cost of capital Page
  
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  Long term supply curve and economic profit Page
  
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  Profit maximization Page
  
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  Profit maximization worked example Page
  
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  Shutting down or exiting industry based on price Page
  
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  Long-run economic profit for perfectly competitive firms Page
  
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  Long run supply when industry costs aren't constant Page
  
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  Example on perfect competition Page
  
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Forms of competition
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  Introduction to perfect competition Page
  
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  Economic profit for firms in perfectly competitive markets Page
  
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  Long-run economic profit for perfectly competitive firms Page
  
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  Long-run supply curve in constant cost perfectly competitive markets Page
  
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  Long run supply when industry costs aren't constant Page
  
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  Example on perfect competition Page
  
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  Perfect and imperfect competition Page
  
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  Types of competition and marginal revenue Page
  
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  Marginal revenue and marginal cost in imperfect competition Page
  
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  Monopolies vs. perfect competition Page
  
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  Economic profit for a monopoly Page
  
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  Monopolist optimizing price: Total revenue Page
  
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  Monopolist optimizing price: Marginal revenue Page
  
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  Monopolist optimizing price: Dead weight loss Page
  
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  Review of revenue and cost graphs for a monopoly Page
  
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  Optional calculus proof to show that MR has twice slope of demand Page
  
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  Price discrimination Page
  
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  Monopoly price discrimination Page
  
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  Oligopolies and monopolistic competition Page
  
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  Monopolistic competition and economic profit Page
  
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  Long run economic profit for monopolistic competition Page
  
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  Oligopolies, duopolies, collusion, and cartels Page
  
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  Prisoners' dilemma and Nash equilibrium Page
  
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  More on Nash equilibrium Page
  
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  Why parties to cartels cheat Page
  
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  Game theory of cheating firms Page
  
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Factor markets
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  A firm's marginal product revenue curve Page
  
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  How many people to hire given the MPR curve Page
  
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  Introduction to labor markets Page
  
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  Labor-leisure tradeoff and the labor supply curve Page
  
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  Adding demand curves Page
  
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  Changes in labor supply Page
  
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  Shifts in the demand for labor Page
  
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  Cost minimizing choice of inputs Page
  
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  Factor markets worked example Page
  
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  A monopsonistic market for labour Page
  
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  Monopsony employers and minimum wages Page
  
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Market failure and the role of government
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  Allocative efficiency and marginal benefit Page
  
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  Negative externalities Page
  
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  Positive externalities Page
  
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  Taxes for factoring in negative externalities Page
  
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  Tragedy of the commons Page
  
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  Rival and excludable goods Page
  
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