This playlist contains the videos on topics that are typically included in a Principles of Microeconomics course.
Aulas do Curso
(22 vídeos)
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Progresso salvo somente neste navegador.
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Chapter 1: Ten Principles of Economics
What is economics? 0:38
People face tradeoffs 10:45
The cost of something is what you give up to get it 14:16
- Opport…
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Chapter 2: Thinking Like an Economist
The scientific method 0:14
Models 2:21
The circular flow diagram 4:27
The production possibilities frontier 10:06
Using …
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Chapter 3: The Gains From Trade
Farmer and Rancher 3:18
Drawing the Farmer and Rancher's PPF 9:52
The Rancher's plan 17:07
The outcome of the plan 21:22…
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Chapter 4: Supply and Demand - Part 1
What is a market? 3:20
Characteristics of perfectly competitive markets 4:24
Demand 13:39
The law of demand 14:30
The in…
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Chapter 4: Supply and Demand - Part 2
Determinants of demand continued
- tastes or preferences
- Buyer's expectations about the future 1:16
- Number of …
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Chapter 5: Elasticity - Part 1
What is an elasticity? 1:00
Price elasticity of demand 6:55
What determines how elastic demand is? 8:53
Calculating the …
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Chapter 5: Elasticity - Part 2
Perfectly inelastic demand 0:00
Perfectly elastic demand 2:29
Elasticity tells you about the steepness of the demand cur…
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Chapter 7: Consumer Surplus, Producer Surplus and the Efficiency of Markets - Part 1
What is a free market? 0:55
How do economists measure value? 6:51
Consumer Surplus 9:07
How consumer surplus changes whe…
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Chapter 7: Consumer Surplus, Producer Surplus and the Efficiency of Markets - Part 2
Total surplus 0:57
Who buys and who sells in a free market? 5:00
Is the right quantity produced in a free market? 14:35
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Chapter 6: Supply, Demand and Government Intervention - Part 1 - price controls and taxes
Price ceilings 0:26
- Binding vs nonbinding 1:31
- Other rationing mechanisms 5:26
- Impact of a price ceiling on …
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Chapter 6: Supply, Demand and Government Intervention - Part 2 - price controls and taxes
Taxes 0:00
Taxes on buyers 3:24
Taxes on seller 13:28
Taxes on buyers are equivalent to taxes on sellers 21:10
Third way…
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Chapter 8: The Costs of Taxation
In this video, I discuss the impact that a tax has on consumer surplus, producer surplus, deadweight loss, and governmen…
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Chapter 9: International Trade
In this video, I discuss the basics of international trade. The consumer and producer surplus implications are discussed…
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Chapters 10 and 11: Externalities and Public Goods
In this video, I discuss the economics of positive and negative externalities, the Coase Theorem, tradeable permit syste…
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Chapter 13: The Cost of Production
The objective of a firm: to maximize profit 1:14
Explicit vs implicit costs 2:59
Investments are not costs 7:24
Economic…
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Chapter 14: Perfect Competition - Part 1
Characteristics of perfectly competitive markets 0.31
Sellers face a perfectly elastic demand for their product 3:31
The…
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Chapter 14: Perfect Competition - Part 2
The short-run market supply curve for a competitive market 0:40
The long-run market supply curve for a competitive marke…
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Chapter 15 - Monopoly
Characteristics of Monopoly 1:33
- A monopoly is a price maker 2:57
Sources of barriers to entry 4:22
The monopoly fac…
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Chapter 16: Monopolistic Competition
Characteristics of monopolistic competition 1:40
Examples of monopolistic competition 3:11
Each firm faces a downward-sl…
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Chapter 17: Oligopoly
Here's a link to the clip from the movie A Beautiful Mind
https://youtu.be/CemLiSI5ox8
Comparison of different market s…
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Chapter 18: The Market for Factors of Production - Principles of Economics
In this video, I discuss the markets for the inputs of production: land, labor, and capital. This is an important topic …
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Chapter 21: Theory of Consumer Choice - Utility Maximization
In this video I discuss the theory of consumer choice. It covers the budget constraint, indifference curves, utility max…
