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ECON101: Principles of Microeconomics
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Economics
ECON101: Principles of Microeconomics
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Unit 4: The Consumer
4.1: The Rational Consumer
Khan Academy: "Deriving Demand Curve from Tweaking Marginal Utility per Dollar"
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Khan Academy: "Deriving Demand Curve from Tweaking Marginal Utility per Dollar"
Watch this video about deriving the demand curve from tweaking marginal utility per dollar.
Last modified: Thursday, April 6, 2017, 3:35 PM
◄ Khan Academy: "Budget Line"
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Course Syllabus
Course Terms of Use
OpenStax College: "Principles of Microeconomics, Section 1.1: What Economics Is and Why It's Important"
Principles of Microeconomics: "1.1: Defining Economics"
OpenStax College: "Principles of Microeconomics, 2.1: How Individuals Make Choices Based on Their Budget Constraint"
Economic Problem: Scarce Resources
Khan Academy: "Opportunity Cost"
Khan Academy: "Increasing Opportunity Cost"
Bjorn Lomborg's "Global Priorities"
Principles of Microeconomics: "1.2: The Field of Economics"
Principles of Microeconomics: "1.3: The Economists' Tool Kit"
CK-12 Statistics: "Types of Data Representation"
Khan Academy: "Graph from Slope-Intercept Equation"
Principles of Microeconomics: "2.1 and 2.2"
Khan Academy: "Production Possibilities Frontier"
Khan Academy: "Allocative Efficiency and Marginal Benefit"
Khan Academy: "Economic Growth through Investment"
Khan Academy: "Comparative Advantage Specialization and Gains from Trade"
OpenStax College: "Principles of Microeconomics, 19.1: Absolute and Comparative Advantage"
Khan Academy: "Comparative Advantage and Absolute Advantage"
Analyzing Advantage Data Tables and Graphs
Analyzing Advantage Quiz
A Final Note on Absolute and Comparative Advantage
OpenStax College: "Principles of Microeconomics, Chapter 4: Introduction to Labor and Financial Markets"
Unit 1 Assessment
Boundless: "Ceteris Paribus"
Principles of Microeconomics: "3.1: Demand"
Khan Academy: "Law of Demand”
Khan Academy: "Price of Related Products and Demand"
Khan Academy: "Changes in Income, Population, or Preferences"
Khan Academy: "Normal and Inferior Goods"
Khan Academy: "Inferior Goods Clarification"
Principles of Microeconomics: "3.2: Supply"
Khan Academy: "Law of Supply"
Khan Academy: "Factors Affecting Supply"
Principles of Microeconomics: "3.3: Demand, Supply, and Equilibrium"
Khan Academy: "Market Equilibrium"
Khan Academy: "Changes in Market Equilibrium"
Principles of Microeconomics: "4.1: Putting Demand and Supply to Work"
Boundless: "Introducing Supply and Demand"
Principles of Microeconomics: "4.2: Government Intervention in Market Prices: Price Floors and Price Ceilings"
Wolfram Demonstrations Project: "Price Controls"
Market Equilibrium and Market Manipulation Quiz
Scott A. Wolla's "Higher Gasoline Prices: Temporary or Time to Buy a Hybrid?"
OpenStax College: "Principles of Microeconomics, Chapter 5: Introduction to Elasticity"
Massachusetts Institute of Technology: John Gruber's "Lecture 3: Elasticity"
Khan Academy: "Price Elasticity of Demand"
Khan Academy: "More on Elasticity of Demand"
Khan Academy: "Constant Unit Elasticity"
Khan Academy: "Total Revenue and Elasticity"
Khan Academy: "More on Total Revenue and Elasticity"
Khan Academy: "Cross Elasticity of Demand"
Khan Academy: "Elasticity of Supply"
Khan Academy: "Elasticity and Strange Percent Changes"
Wolfram Demonstrations Project: "Tax Incidence"
Elasticity and Taxation Quiz
Massachusetts Institute of Technology: Chia-Hui Chen's "Principles of Microeconomics: Lecture Notes D2"
Massachusetts Institute of Technology: Chia-Hui Chen's "Principles of Microeconomics: Lecture Notes D3"
Massachusetts Institute of Technology: Chia-Hui Chen's "Principles of Microeconomics: Lecture Notes D4"
Unit 2 Assessment
Principles of Microeconomics: "6.1 and 6.2"
Khan Academy: "Demand Curve as Marginal Benefit Curve"
Khan Academy: "Consumer Surplus Introduction"
Khan Academy: "Total Consumer Surplus as Area"
Khan Academy: "Producer Surplus"
How Much to Produce? The Story of Marginal Revenue and Marginal Costs
Wolfram Demonstrations Project: "Consumer and Producer Surplus"
Consumer and Producer Surplus Quiz
Khan Academy: "Positive Externalities"
Principles of Microeconomics: "6.3: Market Failure"
Khan Academy: "Rent Control and Deadweight Loss"
Khan Academy: "Minimum Wage and Price Floors"
Khan Academy: "Taxation and Dead Weight Loss"
Khan Academy: "Percentage Tax on Hamburgers"
Khan Academy: "Taxes and Perfectly Inelastic Demand"
Khan Academy: "Taxes and Perfectly Elastic Demand"
Khan Academy: "Negative Externalities"
Khan Academy: "Taxes for Factoring in Negative Externalities"
Khan Academy: "Tragedy of the Commons"
Principles of Macroeconomics: "Chapter 19: Inequality, Poverty, and Discrimination"
Unit 3 Assessment
OpenStax College: "Principles of Microeconomics, Chapter 6: Introduction to Consumer Choices"
Principles of Microeconomics: "Chapter 7 Introduction, 7.1, and 7.2"
Sheena Iyengar's "The Art of Choosing"
Khan Academy: "Marginal Utility"
Khan Academy: "Budget Line"
Wolfram Demonstrations Project: "Constrained Optimization: Cobb-Douglas Utility and Interior Solutions Using a Lagrangian"
Marginal Utility Quiz
Principles of Microeconomics: "7.3: Indifference Curve Analysis: An Alternative Approach to Understanding Consumer Choice"
Massachusetts Institute of Technology: Jon Gruber's "Preference and Utility"
Massachusetts Institute of Technology: Jon Gruber's "Labor Supply" and "Child Labor"
Khan Academy: "Equalizing Marginal Utility per Dollar Spent"
Khan Academy: "Types of Indifference Curves"
Khan Academy: "First Degree Price Discrimination"
Wolfram Demonstrations Project: "Changes in the Budget Line"
Khan Academy: "Optimal Point on Budget Line"
Boundless: "Defining Price Elasticity of Demand"
Massachusetts Institute of Technology: Chia-Hui Chen's "Principles of Microeconomics Lecture Notes"
Unit 4 Assessment
Boundless: "Production"
Principles of Microeconomics: "8.1: Production Choices and Costs: The Short Run"
Understanding Normal Profit
Khan Academy: "A Firm's Marginal Product Revenue Curve"
Khan Academy: "Economic Profit vs. Accounting Profit"
Khan Academy: "Depreciation and Opportunity Cost of Capital"
Understanding the Short-Run Shutdown
Khan Academy: "Fixed, Variable, and Marginal Cost"
Khan Academy: "Visualizing Average Costs and Marginal Costs as Slope"
Khan Academy: "Marginal Cost and Average Total Cost"
Khan Academy: "Marginal Revenue and Marginal Cost"
Khan Academy: "Marginal Revenue below Average Total Cost"
Wolfram Demonstrations Project: "Short-Run Cost Curves"
Firms' Maximizing Behavior Quiz
Principles of Microeconomics: "8.2: Production Choices and Costs: The Long Run"
Khan Academy: "Long-Term Supply Curve and Economic Profit"
Massachusetts Institute of Technology: Chai-Hui Chen's "Principles of Microeconomics Lecture Notes"
Unit 5 Assessment
Principles of Microeconomics: "Chapter 9: Competitive Markets for Goods and Services"
John Petroff's Microeconomics: "Chapter 4: Perfect Competition"
OpenStax College: "Microeconomics, Chapter 8: Perfect Competition"
Khan Academy: "Perfect Competition"
Principles of Microeconomics: "Chapter 10: Monopoly"
Massachusetts Institute of Technology: Jon Gruber's "Monopoly I"
OpenStax College: "Microeconomics, Chapter 9: Monopoly"
Khan Academy: "Monopoly Basics"
Khan Academy: "Review of Revenue and Cost Graphs for a Monopoly"
Khan Academy: "Monopolist Optimizing Price (Part 1): Total Revenue"
Khan Academy: "Monopolist Optimizing Price (Part 2): Marginal Revenue"
Khan Academy: "Monopolist Optimizing Price (Part 3): Dead Weight Loss"
Boundless: "Price Discrimination"
Marginal Costing Quiz and Monopoly Quantitative Exercise
Principles of Microeconomics: "11.1: Monopolistic Competition: Competition among Many"
Boundless: "Economics, Chapter 12: Monopolistic Competition"
Khan Academy: "Oligopolies and Monopolistic Competition"
Khan Academy: "Monopolistic Competition and Economic Profit"
Principles of Microeconomics: "11.2: Oligopoly: Competition among Few"
Khan Academy: "Oligopolies, Duopolies, Collusion, and Cartels"
Massachusetts Institute of Technology: Johnathan Gruber's "Oligopoly"
Khan Academy: "Game Theory of Cheating Firms"
Khan Academy: "More on Nash Equilibrium"
Khan Academy: "Why Parties to Cartels Cheat"
Khan Academy: "Prisoners' Dilemma and Nash Equilibrium"
Massachusetts Institute of Technology: Chia-Hui Chen's "Principles of Microeconomics, Lecture Notes D22–D29"
Unit 6 Assessment
Boundless: "Capital and Natural Resource Markets"
Khan Academy: "Adding Demand Curves"
Principles of Microeconomics: "Chapter 12: Wages and Employment in Perfect Competition"
Khan Academy: "How Many People to Hire Given the MPR Curve"
Labor Market Quiz
Boundless: "Types of Financial Markets"
John Petroff's Microeconomics: "Chapter 8: Economic Resources"
Unit 7 Assessment
Unit 1 Study Guide: Introduction to Economics: What Is It?
Unit 2 Study Guide: Supply and Demand
Unit 3 Study Guide: Markets and Individual Maximizing Behavior
Unit 4 Study Guide: The Consumer
Unit 5 Study Guide: The Producer
Unit 6 Study Guide: Market Structure: Competitive and Non-competitive Markets
Unit 7 Study Guide: Resource Markets
Course Feedback Survey
ECON101: Certificate Final Exam
ECON101: Saylor Direct Credit Final Exam
Wolfram Demonstrations Project: "Constrained Optimization: Cobb-Douglas Utility and Interior Solutions Using a Lagrangian" ►
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ECON101: Principles of Microeconomics
Sections
Course Introduction
Unit 1: Introduction to Economics: What Is It?
Unit 2: Supply and Demand
Unit 3: Markets and Individual Maximizing Behavior
Unit 4: The Consumer
Unit 5: The Producer
Unit 6: Market Structure: Competitive and Non-Competitive Markets
Unit 7: Resource Markets
Study Guides
Course Feedback Survey
Certificate Final Exam
Saylor Direct Credit
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