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Principles of Economics: Microeconomics


Understand the economic way of thinking.
ANNOUNCEMENT
Roman Hardgrave: Take the exam and submit your questions to &qu… more
4 HOURS AGO
USER QUESTION

The comparison between a pollution tax and pollution trading nee…
JAN 24
MORE ON THIS COURSE
Principles of Economics: Macroeconomics


Economic growth, business cycles, monetary policy, fiscal policy, and more.
ANNOUNCEMENT
Mary Clare Peate: You asked, we answered…. more
LAST WEEK
NEW COURSE VIDEO

The Puzzle of Growth
LAST WEEK
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Everyday Economics


The “big ideas” of economics applied to everyday topics.
NEW COURSE VIDEO

The Rise and Fall of the Chinese Economy
OCT 20
NEW COURSE VIDEO

Fair Trade: Does It Help Poor Workers?
JUL 08
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International Finance


What causes international financial crises?
USER QUESTION

why is the forward premium puzzle, future spot rates are bette…
DEC 16
USER QUESTION

Request for citation: at the end of the video, Tyler says that e…
OCT 10
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Development Economics


Why are some countries rich and others poor?
USER QUESTION

I think the benefits of hydro and dams is totally understated. …
DEC 28
USER QUESTION

. In your college town, real estate developers are building thou…
SEP 28
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Great Economists: Classical Economics and its Forerunners


Why is Adam Smith the greatest economist of all time?
USER QUESTION

Interesting in what Smith describes of Malt taxes is similar of …
MAR 29
USER QUESTION

Adam Smith’s argument for a “strategic trade policy” contrasts w…
SEP 28
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The Eurozone Crisis


What’s the future of the European Union and the Euro?
USER QUESTION

I understand about the different capital inflows and outflows bu…
MAR 23
USER QUESTION

Hi Tyler: 15 months after this speech, would you still stand by …
SEP 02
MORE ON THIS COURSE
Economic History of the Soviet Union


Explore one of the greatest economic experiments of the twentieth century.
USER QUESTION

Can you provide an explanation of how the events listed in the v…
JUN 19
USER QUESTION

Hmm, I’m a bit uneasy about the interpretation of Marx and Lenin…
JUN 10
MORE ON THIS COURSE
International Trade


Trade shapes the fortunes of nations. What are its effects?
USER QUESTION

Maybe in those cases the benefits of tariffs were not direct? On…
MAR 08
USER QUESTION

Is there a way to embed this video? I’d like to use it for my Gl…
DEC 30
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Mexico’s Economy: Current Prospects and History


Is Mexico the most dynamic economy in Latin America?
USER QUESTION

I am watching videos on Mexicos very powerful and intimidating D…
MAY 25
NEW COURSE VIDEO

Mexico and the 2008 Global Financial Crisis
MAY 02
MORE ON THIS COURSE
Economics of the Media


The economics of the media and how government policy affects it.
USER QUESTION

I have a question related to your paper “An Economic Theory of A…
JAN 08
USER QUESTION

‘ You’re own natural views’ lol, i have no idea what that means?…
NOV 03
MORE ON THIS COURSE
ALL VIDEOS
COURSE:PRINCIPLES OF ECONOMICS: MICROECONOMICS

INTRODUCTION
Introduction to Microeconomics
SUPPLY, DEMAND, AND EQUILIBRIUM
The Demand Curve
The Supply Curve
The Equilibrium Price
A Deeper Look at the Demand Curve
The Demand Curve Shifts
A Deeper Look at the Supply Curve
The Supply Curve Shifts
Exploring Equilibrium
Does the Equilibrium Model Work?
Supply and Demand Terminology
ELASTICITY AND ITS APPLICATIONS
Elasticity of Demand
Calculating the Elasticity of Demand
Elasticity of Supply
Elasticity and Slave Redemption
Applications Using Elasticity
TAXES AND SUBSIDIES
Commodity Taxes
Who Pays the Tax?
Tax Revenue and Deadweight Loss
Subsidies
Wage Subsidies
THE PRICE SYSTEM
I, Rose
A Price Is a Signal Wrapped up in an Incentive
Markets Link the World
The Great Economic Problem
Information and Incentives
Speculation
Prediction Markets
PRICE CEILINGS AND PRICE FLOORS
Price Ceilings
Price Ceilings: Shortages and Quality Reduction
Price Ceilings: Lines and Search Costs
Price Ceilings: Deadweight Loss
Price Ceilings: Misallocation of Resources
Price Ceilings: Rent Controls
Price Floors: The Minimum Wage
Price Floors: Airline Fares
Why Do Governments Enact Price Controls?
Price Controls and Communism
TRADE
The Big Ideas of Trade
Comparative Advantage
Another Look at Comparative Advantage
Comparative Advantage Homework
Tariffs and Protectionism
Arguments Against International Trade
EXTERNALITIES
An Introduction to Externalities
External Benefits
Command and Control Solutions
The Coase Theorem
Trading Pollution
A Deeper Look at Tradeable Allowances
COSTS AND PROFIT MAXIMIZATION UNDER COMPETITION
Introduction to the Competitive Firm
Maximizing Profit under Competition
Maximizing Profit and the Average Cost Curve
Entry, Exit, and Supply Curves: Increasing Costs
Entry, Exit, and Supply Curves: Constant Costs
Entry, Exit, and Supply Curves: Decreasing Costs
COMPETITION AND THE INVISIBLE HAND
Minimization of Total Industry Costs of Production
The Balance of Industries and Creative Destruction
MONOPOLY
Maximizing Profit under Monopoly
The Monopoly Markup
The Costs and Benefits of Monopoly
PRICE DISCRIMINATION
Introduction to Price Discrimination
The Social Welfare of Price Discrimination
Tying
Bundling
LABOR MARKETS
The Marginal Product of Labor
Human Capital and Signaling
The Tradeoff Between Fun and Wages
Compensating Differentials
Do Unions Raise Wages?
PUBLIC GOODS AND THE TRAGEDY OF THE COMMONS
Public Goods and Asteroid Defense
A Deeper Look at Public Goods
Club Goods
The Tragedy of the Commons
ASYMMETRIC INFORMATION
Asymmetric Information and Used Cars
Asymmetric Information in Health Insurance
Moral Hazard
Solutions to Moral Hazard
Signaling
EXAM
Principles of Economics: Microeconomics

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