Production Possibilities Frontier – Opportunity Cost – Increasing Opportunity Cost – Allocative Efficiency and Marginal Benefit – Economic Growth through Investment – Comparative Advantage and Absolute Advantage – Law of Demand – Price of Related Products and Demand – Changes in Income, Population, or Preferences – Normal and Inferior Goods – Inferior Goods Clarification – Law of Supply – Factors Affecting Supply – Market Equilibrium – Changes in Market Equilibrium – Price Elasticity of Demand – More on Elasticity of Demand – Perfect Inelasticity and Perfect Elasticity of Demand – Constant Unit Elasticity – Total Revenue and Elasticity – More on Total Revenue and Elasticity – Cross Elasticity of Demand – Elasticity of Supply – Elasticity and Strange Percent Changes – Demand Curve as Marginal Benefit Curve – Consumer Surplus Introduction – Total Consumer Surplus as Area – Producer Surplus – Rent Control and Deadweight Loss – Minimum Wage and Price Floors – Taxation and Dead Weight Loss – Percentage Tax on Hamburgers – Taxes and Perfectly Inelastic Demand – Taxes and Perfectly Elastic Demand – Marginal Utility – Equalizing Marginal Utility per Dollar Spent – Deriving Demand Curve from Tweaking Marginal Utility per Dollar – Budget Line – Optimal Point on Budget Line – Types of Indifference Curves – Economic Profit vs Accounting Profit – Depreciation and Opportunity Cost of Capital – Fixed, Variable, and Marginal Cost. – Visualizing Average Costs and Marginal Costs as Slope – Marginal Cost and Average Total Cost – Marginal Revenue and Marginal Cost – Marginal Revenue Below Average Total Cost – Long Term Supply Curve and Economic Profit – Perfect Competition

Other Resources

Course Curriculum

Production Possibilities Frontier Details 10:59
Opportunity Cost Details 5:48
Increasing Opportunity Cost Details 6:26
Allocative Efficiency and Marginal Benefit Details 14:10
Economic Growth through Investment Details 7:55
Comparative Advantage Specialization and Gains from Trade Details 8:56
Comparative Advantage and Absolute Advantage Details 10:16
Law of Demand Details 8:16
Price of Related Products and Demand Details 5:48
Changes in Income, Population, or Preferences Details 3:33
Normal and Inferior Goods Details 5:56
Inferior Goods Clarification Details 5:19
Law of Supply Details 8:24
Factors Affecting Supply Details 6:58
Market Equilibrium Details 10:17
Changes in Market Equilibrium Details 9:5
Price Elasticity of Demand Details 13:17
More on Elasticity of Demand Details 6:1
Perfect Inelasticity and Perfect Elasticity of Demand Details 9:41
Constant Unit Elasticity Details 4:37
Total Revenue and Elasticity Details 11:41
More on Total Revenue and Elasticity Details 8:25
Cross Elasticity of Demand Details 11:20
Elasticity of Supply Details 9:33
Elasticity and Strange Percent Changes Details 6:54
Demand Curve as Marginal Benefit Curve Details 5:53
Consumer Surplus Introduction Details 5:2
Total Consumer Surplus as Area Details 5:46
Producer Surplus Details 8:20
Rent Control and Deadweight Loss Details 11:27
Minimum Wage and Price Floors Details 9:6
Taxation and Dead Weight Loss Details 9:6
Percentage Tax on Hamburgers Details 5:40
Taxes and Perfectly Inelastic Demand Details 7:51
Taxes and Perfectly Elastic Demand Details 6:52
Marginal Utility Details 12:14
Equalizing Marginal Utility per Dollar Spent Details 7:42
Deriving Demand Curve from Tweaking Marginal Utility per Dollar Details 8:43
Budget Line Details 12:11
Optimal Point on Budget Line Details 9:24
Types of Indifference Curves Details 5:49
Economic Profit vs Accounting Profit Details 8:6
Depreciation and Opportunity Cost of Capital Details 8:10
Fixed, Variable, and Marginal Cost. Details 11:49
Visualizing Average Costs and Marginal Costs as Slope Details 12:7
Marginal Cost and Average Total Cost Details 7:40
Marginal Revenue and Marginal Cost Details 6:10
Marginal Revenue Below Average Total Cost Details 5:55
Long Term Supply Curve and Economic Profit Details 8:26
Perfect Competition Details 10:17

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