Microeconomics Videos

This comprehensive video course provides a thorough introduction to microeconomics, covering fundamental concepts and their real-world applications. It is designed for students of economics, business, and related fields, as well as professionals seeking to enhance their understanding of economic principles at the individual, firm, and market level.

Course Structure:

The course consists of video lectures covering the following topics:

1. Introduction and Basic Concepts
   • Scarcity, choice, and opportunity cost
   • Economic systems and models
2. Supply, Demand, and Market Equilibrium
   • Determinants of supply and demand
   • Market equilibrium and price determination
3. Elasticity
   • Price elasticity of demand and supply
   • Income and cross-price elasticities
4. Consumer and Producer Surplus, Market Interventions, and International Trade
   • Welfare analysis
   • Price controls and taxes
   • Basics of international trade
5. Consumer Theory
   • Utility maximization
   • Budget constraints and consumer choice
6. Production Decisions and Economic Profit
   • Production functions and costs
   • Profit maximization
7. Forms of Competition
   • Perfect competition
   • Monopoly, oligopoly, and monopolistic competition
8. Factor Markets
   • Labor markets
   • Capital markets
9. Market Failure and the Role of Government
   • Externalities and public goods
   • Information asymmetry
   • Government interventions and regulations

Course Objectives:

Upon completion of this course, students will be able to:

• Understand key microeconomic principles and concepts
• Analyze supply and demand dynamics in various market structures
• Evaluate the impact of government policies on markets and economic welfare
• Apply microeconomic tools to real-world economic issues
• Develop critical thinking skills for economic decision-making

Course Format:

• Video lectures for each topic, providing clear explanations of concepts
• Real-world examples and case studies to illustrate theoretical principles
• Problem sets and exercises to reinforce learning
• Possible discussion forums or live Q&A sessions to address student queries

This course offers a comprehensive treatment of microeconomics, equipping students with the analytical tools to understand and interpret economic phenomena at the individual and firm level.