x
Menu

Microeconomics and Macroeconomics

Khan Academy, , Prof. Salman Khan

Updated On 02 Feb, 19

Overview

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

Includes

Lecture 13: Law of Supply

4.1 ( 11 )


Lecture Details

Introduction to the Law of Supply
More free lessons at httpwww.khanacademy.orgvideo?v=3xCzhdVtdMI

Ratings

5.0


1 Ratings
55%
30%
10%
3%
2%
Comments
comment person image

Sam

Excellent course helped me understand topic that i couldn't while attendinfg my college.

Reply
comment person image

Dembe

Great course. Thank you very much.

Reply
Send