Microeconomics: An Introductory Economics Course

Unit 1: Introduction to Economics

Welcome: An Introduction to Economics

Lesson 1: The Study of Economics

Lesson 2: Scarcity, Choice, Opportunity Cost, and Utility

Lesson 3: The Basic Economic Problem

Lesson 4: The Factors of Production

Lesson 5: Production Possibility Curve

Lesson 6: The Nine Central Themes of IB Economics

Lesson 7: Microeconomics and Macroeconomics

Lesson 8: Positive and Normative Economics

Lesson 9: Rational Economic Thinking

Study Break

Lesson 10: Model Building

Lesson 11: The Circular Flow of Income Model

Lesson 12: Free Market vs Planned Economies

Lesson 13: Economic Growth vs Economic Development

Lesson 14: Closing Remarks to Introduction to Economics

Unit 2: The Evolution of Economic Thinking

Lesson 1: Introduction to the Evolution of Economic Thinking

Lesson 2: Classical Economics - The 18th Century

Lesson 3: Classical Economics - The 19th Century

Lesson 4: Neoclassical Economics - 19th Century

Lesson 5: Karl Marx's Critique of Classical Economics

Lesson 6: Keynesian Economics - The 20th Century

Lesson 7: Monetarism (New Classical) Economics - 20th Century

Lesson 8: Behavioral Economics - 21st Century

Lesson 9: The Circular Economy and The Doughnut Economy - 21st Century

Lesson 10: Closing Remarks on the Evolution of Economic Thought

Unit 3: Demand, Supply, and Market Equilibrium

Lesson 1: Introduction to Demand, Supply, and Market Equilibrium

Lesson 2: The Law of Demand

Lesson 3: The Determinants of Demand

Lesson 4: The Law of Supply

Lesson 5: The Determinants of Supply

Lesson 6: The Rule of 11 - The Basic Demand and Supply Diagram

Study Break

Lesson 7: Market Equilibrium

Lesson 8: The Effects of Shifts of Demand and Supply

Lesson 9: The Role of Price Mechanism

Lesson 10: Market and Allocative Efficiency

Lesson 11: Closing Remarks on Demand, Supply, and Market Equilibrium

Unit 4: Behavioral Economics

Lesson 1: Introduction Behavioral Economics - A Critique of Rational Economic Thought

Lesson 2: Assumptions of Neoclassical View of Economics

Lesson 3: Introduction to Behavioral Economics

Lesson 4: Behavioral Economics - Critique of Consumers' Rational Thinking

Lesson 5: Behavioral Economics - The Dual System Model

Lesson 6: Behavioral Economics - Cognitive Biases

Lesson 7: Behavioral Economics - Choice Architecture

Lesson 8: Behavioral Economics - Nudge Theory

Lesson 9: Closing Remarks on Behavioral Economics

Unit 5: Elasticities

Lesson 1: Elasticities: Introduction and Overview

Lesson 2: Price Elasticity of Demand (PED)

Lesson 3: Price Elasticity of Demand - Applications

Lesson 4: Price Elasticity of Demand - The Diagram

Lesson 5: Price Elasticity of Demand - Determinants

Lesson 6: Cross Elasticity of Demand (XED)

Lesson 7: Income Elasticity of Demand (YED)

Lesson 8: Importance of Income Elasticity of Demand

Study Break

Lesson 9: Price Elasticity of Supply (PES)

Lesson 10: Price Elasticity of Supply - Applications

Lesson 11: Price Elasticity of Supply - Determinants

Lesson 12: Closing Remarks on Elasticity

Unit 6: Government Intervention

Lesson 1: Introduction to Government Intervention

Lesson 2: Indirect Taxes

Lesson 3: Indirect Tax Diagram

Lesson 4: Per-Unit Subsidies

Lesson 5: Per-Unit Subsidy Diagram

Study Break

Lesson 6: Price Controls - Introduction

Lesson 7: Price Ceiling Diagram

Lesson 8: Price Floor Diagram

Lesson 9: Closing Remarks on Government Intervention

Unit 7: Market Failure

Lesson 1: Introduction to Market Failure

Lesson 2: Market and Allocative Efficiency

Lesson 3: Market Failure Base Diagram

Lesson 4: Negative Externality of Consumption - The Diagram

Lesson 5: Negative Externality of Consumption - The Solutions

Lesson 6: Negative Externality of Production - The Diagram

Lesson 7: Negative Externalities of Production - The Solutions

Lesson 8: Positive Externality of Consumption - The Diagram

Lesson 9: Positive Externality of Consumption - The Solutions

Lesson 10: Positive Externality of Production - The Diagram

Lesson 11: Positive Externality of Production - The Solutions

Lesson 12: Common Access Resources

Lesson 13: Closing Remarks on Market Failure

Congratulations. Closing Thoughts on Microeconomics

Lesson 7: Market Equilibrium

Microeconomics: An Introductory Economics Course Unit 3: Demand, Supply, and Market Equilibrium

By: Teacher

8 minutes

Share the link to this page

Copied

Facebook

Twitter

Add the class to your calendar

Add to Google Calendar

Add to Apple Calendar

Add to Yahoo Calendar

Add to Outlook Calendar

Completed

You need to have access to the item to view this lesson.

One-time Fee

$139

List Price: $169

You save: $30

€122.64

List Price: €149.11

You save: €26.47

£102.88

List Price: £125.08

You save: £22.20

CA$192.15

List Price: CA$233.62

You save: CA$41.47

A$215.74

List Price: A$262.30

You save: A$46.56

S$179.01

List Price: S$217.65

You save: S$38.63

HK$1,089.50

List Price: HK$1,324.65

You save: HK$235.14

CHF 114.95

List Price: CHF 139.76

You save: CHF 24.81

NOK kr1,409.38

List Price: NOK kr1,713.57

You save: NOK kr304.18

DKK kr914.49

List Price: DKK kr1,111.87

You save: DKK kr197.37

NZ$232.85

List Price: NZ$283.11

You save: NZ$50.25

د.إ510.54

List Price: د.إ620.73

You save: د.إ110.18

৳16,986.17

List Price: ৳20,652.25

You save: ৳3,666.07

₹11,860.81

List Price: ₹14,420.70

You save: ₹2,559.88

RM587.27

List Price: RM714.02

You save: RM126.75

₦220,406.74

List Price: ₦267,976.54

You save: ₦47,569.80

₨39,369.71

List Price: ₨47,866.77

You save: ₨8,497.06

฿4,536.26

List Price: ฿5,515.30

You save: ฿979.04

₺5,430.06

List Price: ₺6,602.01

You save: ₺1,171.95

B$784.12

List Price: B$953.36

You save: B$169.23

R2,488.39

List Price: R3,025.45

You save: R537.06

Лв240.15

List Price: Лв291.98

You save: Лв51.83

₩190,848.63

List Price: ₩232,038.99

You save: ₩41,190.35

₪492.13

List Price: ₪598.35

You save: ₪106.21

₱7,708.87

List Price: ₱9,372.65

You save: ₱1,663.78

¥20,047.55

List Price: ¥24,374.36

You save: ¥4,326.81

MX$2,679.69

List Price: MX$3,258.04

You save: MX$578.35

QR508.48

List Price: QR618.22

You save: QR109.74

P1,867.36

List Price: P2,270.39

You save: P403.02

KSh17,958.80

List Price: KSh21,834.80

You save: KSh3,876

E£6,926.20

List Price: E£8,421.06

You save: E£1,494.86

ብር18,912.06

List Price: ብር22,993.80

You save: ብር4,081.74

Kz126,761.74

List Price: Kz154,120.39

You save: Kz27,358.65

CLP$130,515.44

List Price: CLP$158,684.24

You save: CLP$28,168.80

CN¥999.35

List Price: CN¥1,215.04

You save: CN¥215.68

RD$8,198.07

List Price: RD$9,967.44

You save: RD$1,769.36

DA18,369

List Price: DA22,333.53

You save: DA3,964.53

FJ$313.99

List Price: FJ$381.76

You save: FJ$67.76

Q1,067.41

List Price: Q1,297.79

You save: Q230.37

GY$29,149.10

List Price: GY$35,440.28

You save: GY$6,291.17

ISK kr17,636.32

List Price: ISK kr21,442.72

You save: ISK kr3,806.40

DH1,284.17

List Price: DH1,561.33

You save: DH277.15

L2,402.57

List Price: L2,921.11

You save: L518.54

ден7,543.05

List Price: ден9,171.05

You save: ден1,627.99

MOP$1,123.21

List Price: MOP$1,365.63

You save: MOP$242.42

N$2,489.90

List Price: N$3,027.29

You save: N$537.39

C$5,120.03

List Price: C$6,225.07

You save: C$1,105.04

रु19,000.40

List Price: रु23,101.21

You save: रु4,100.80

S/508.75

List Price: S/618.55

You save: S/109.80

K570.86

List Price: K694.06

You save: K123.20

SAR521.38

List Price: SAR633.90

You save: SAR112.52

ZK3,759.62

List Price: ZK4,571.04

You save: ZK811.42

L620.02

List Price: L753.84

You save: L133.81

Kč3,055.77

List Price: Kč3,715.29

You save: Kč659.52

Ft49,476.31

List Price: Ft60,154.66

You save: Ft10,678.34

SEK kr1,335.08

List Price: SEK kr1,623.22

You save: SEK kr288.14

ARS$160,752.79

List Price: ARS$195,447.64

You save: ARS$34,694.84

Bs961.33

List Price: Bs1,168.81

You save: Bs207.48

COP$577,403.70

List Price: COP$702,023.21

You save: COP$124,619.50

₡70,772

List Price: ₡86,046.54

You save: ₡15,274.53

L3,623.46

List Price: L4,405.50

You save: L782.04

₲1,111,562.78

List Price: ₲1,351,468.41

You save: ₲239,905.63

$U5,778.06

List Price: $U7,025.12

You save: $U1,247.06

zł520.66

List Price: zł633.04

You save: zł112.37

Already have an account? Log In

Microeconomics: An Introductory Economics Course

Lesson 7: Market Equilibrium

Sign Up

Sign Up

Share