Microeconomics Concept Videos

Microeconomics Video Lessons

Concept, example, and practice videos to guide you through the topics in your specific textbook.

Ch. 1 - Introduction to Microeconomics

Introduction to Economics Three Key Economic Ideas Productive and Allocative Efficiency; Equality Factors of Production Positive and Normative Statements Circular Flow Diagram Graphing Review Percentage and Decimal Review Fractions Review

Ch. 2 - Introductory Economic Models

Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency PPF - Outward Shifts PPF - Comparative Advantage and Absolute Advantage PPF - Comparative Advantage and Trade PPF - The Price of the Trade

Ch. 3 - Supply and Demand

Introduction to Supply and Demand The Basics of Demand Individual Demand and Market Demand Shifting Demand The Basics of Supply Individual Supply and Market Supply Shifting Supply Big Daddy Shift Summary Supply and Demand Together: Equilibrium, Shortage, and Surplus Supply and Demand Together: One-sided Shifts Supply and Demand Together: Both Shift Supply and Demand: Quantitative Analysis

Ch. 4 - Elasticity

Percentage Change and Price Elasticity of Demand Elasticity and the Midpoint Method Price Elasticity of Demand on a Graph Determinants of Price Elasticity of Demand Total Revenue Test Total Revenue Along a Linear Demand Curve Income Elasticity of Demand Cross-Price Elasticity of Demand Price Elasticity of Supply Price Elasticity of Supply on a Graph Elasticity Summary

Ch. 5 - Consumer and Producer Surplus; Price Ceilings and Floors

Consumer Surplus and Willingness to Pay Producer Surplus and Willingness to Sell Economic Surplus and Efficiency Quantitative Analysis of Consumer and Producer Surplus at Equilibrium Price Ceilings, Price Floors, and Black Markets Quantitative Analysis of Price Ceilings and Price Floors: Finding Points Quantitative Analysis of Price Ceilings and Price Floors: Finding Areas

Ch. 6 - Introduction to Taxes and Subsidies

Introducing Taxes and Tax Incidence Effects of Taxes on a Market Elasticity and Taxes Subsidies The Laffer Curve Quantitative Analysis of Taxes Tax Efficiency Tax Equity

Ch. 7 - Externalities

Externalities: Social Benefits and Social Costs Public Solutions to Externalities Private Solutions to Externalities: The Coase Theorem

Ch. 8 - The Types of Goods

Four Types of Goods and Two Characteristics The Free Rider Problem and the Tragedy of the Commons Public Goods: Demand Curve and Optimal Quantity

Ch. 9 - International Trade

Exporting and Importing Sources of Comparative Advantage Tariffs on Imports Import Quotas and VERs Arguments Against International Trade

Ch. 10 - The Costs of Production

Revenue, Cost, and Profit The Production Function and Diminishing Returns Marginal Cost The Relationship Between Average Cost and Marginal Cost Graphing Costs Average Total Cost: Short Run and Long Run Isoquant Lines Isocost Lines Cost-Minimizing Combination of Labor and Capital

Ch. 11 - Perfect Competition

Introduction to the Four Market Models Characteristics of Perfect Competition Revenue in Perfect Competition Perfect Competition Profit on the Graph Short Run Shutdown Decision Long Run Entry and Exit Decision Individual Supply Curve in the Short Run and Long Run Market Supply Curve in the Short Run and Long Run Long Run Equilibrium Perfect Competition and Efficiency Four Market Model Summary: Perfect Competition

Ch. 12 - Monopoly

Characteristics of Monopoly Monopoly Revenue Monopoly Profit on the Graph Monopoly Efficiency and Deadweight Loss Price Discrimination Antitrust Laws and Government Regulation of Monopolies Mergers and the Herfindahl-Hirschman Index (HHI) Four Firm Concentration Ratio Four Market Model Summary: Monopoly

Ch. 13 - Monopolistic Competition

Characteristics of Monopolistic Competition Revenue in Monopolistic Competition Monopolistic Competition Profit on the Graph Monopolistic Competition in the Long Run Efficiency in Monopolistic Competition Advertising Four Market Model Summary: Monopolistic Competition

Ch. 14 - Oligopoly

Characteristics of Oligopoly One-Time Games and the Prisoner's Dilemma Game Theory and Oligopoly Profit Repeated Games Kinked-Demand Theory Four Market Model Summary: Oligopoly

Ch. 15 - Markets for the Factors of Production

The Production Function and Marginal Revenue Product Demand for Labor in Perfect Competition Shifts in Labor Demand Supply of Labor in Perfect Competition Shifts in Labor Supply Differences in Wages Discrimination Other Factors of Production: Land and Capital Unions Monopsony Bilateral Monopoly

Ch. 16 - Income Inequality and Poverty

Income Inequality in the USA and Worldwide Poverty Polices to Reduce Poverty Lorenz Curve and Gini Coefficient Income Equality and Efficiency

Ch. 17 - Asymmetric Information, Voting, and Public Choice

Asymmetric Information: Adverse Selection and Moral Hazard Solutions to Informational Problems Median Voter Theorem Condorcet Voting Paradox

Ch. 18 - Consumer Choice and Behavioral Economics

Budget Constraint Indifference Curves Indifference Curves for Perfect Substitutes and Perfect Complements Consumer Optimum Consumption: Budget Constraint and Indifference Curves Consumer Optimum Consumption: Marginal Utility per Dollar Spent

Ch. 19 - Unions

Ch. 20 - Firms, the Stock Market, and Corporate Governance

Ch. 21 - Health Care

Ch. 22 - Uncertainty and Risk

Ch. 23 - Balance of Payments

Ch. 24 - Exchange Rates

Ch. 25 - Rent, Interest, and Profit (Brue)

Explore Textbooks


Brue, McConnell, Flynn • 20th Edition

ISBN-13: 978-0077660819


Colander • 10th Edition

ISBN-13: 978-1259655500

Modern Principles of Microeconomics

Cowen & Tabarrok • 3rd Edition

ISBN-13: 978-1429278416

Modern Principles: Microeconomics

Cowen and Tabarrok • 4th Edition

ISBN-13: 978-1-319-09876-6


Hubbard & O'Brien • 5th Edition

ISBN-13: 978-0133455540


Hubbard & O'Brien • 6th Edition

ISBN-13: 978-0134106243


Hubbard & O'Brien • 7th Edition

ISBN-13: 978-0134737508


Karlan & Morduch • 1st Edition

ISBN-13: 978-0077332587


Krugman & Wells • 4th Edition

ISBN-13: 978-1464143878

Principles of Microeconomics

Mankiw • 7th Edition

ISBN-13: 978-1305135444

Principles of Microeconomics

Mankiw • 8th Edition

ISBN-13: 978-1305971493


McConnell, Brue, Flynn • 21st Edition

ISBN-13: 978-1259915727

Economics Today: The Micro View

Miller • 18th Edition

ISBN-13: 978-0133885071


Parkin • 12th Edition

ISBN-13: 978-0133872293


Parkin • 13th Edition

ISBN-13: 978-0134744476