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ECON101: Principles of Microeconomics
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Economics
ECON101: Principles of Microeconomics
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Unit 3: Markets and Individual Maximizing Behavior
3.2: When Markets Fail
Taxes for Factoring in Negative Externalities
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Taxes for Factoring in Negative Externalities
Watch this video about taxes for factoring in negative externalities.
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http://www.khanacademy.org/finance-economics/microeconomics/v/taxes-for-factoring-in-negative-externalities
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◄ Negative Externalities
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Course Syllabus
What Economics Is and Why It's Important
Defining Economics
How Individuals Make Choices Based on Their Budget Constraints
The Problem of Scarce Resources
Opportunity Costs
Increasing Opportunity Costs
Global Priorities
The Field of Economics
The Economists' Tool Kit
Types of Data Representation
Graph from Slope-Intercept Equation
Factors of Production and the Production Possibilities Curve
Production Possibilities Frontier
Allocative Efficiency and Marginal Benefit
Economic Growth through Investment
Comparative Advantage Specialization and Gains from Trade
Absolute and Comparative Advantage
Comparative Advantage and Absolute Advantage
Analyzing Advantage Data Tables and Graphs
Analyzing Advantage Quiz
A Final Note on Absolute and Comparative Advantage
Introduction to Labor and Financial Markets
Unit 1 Assessment
Ceteris Paribus
Demand
Law of Demand
Price of Related Products and Demand
Changes in Income, Population, or Preferences
Normal and Inferior Goods
Inferior Goods Clarification
Supply
The Law of Supply
Factors Affecting Supply
Demand, Supply, and Equilibrium
Market Equilibrium
Changes in Market Equilibrium
Putting Demand and Supply to Work
Introducing Supply and Demand
Government Intervention in Market Prices: Price Floors and Price Ceilings
Price Controls
Market Equilibrium and Market Manipulation Quiz
Higher Gasoline Prices: Temporary or Time to Buy a Hybrid?
Introduction to Elasticity
Elasticity
Price Elasticity of Demand
More on Elasticity of Demand
Constant Unit Elasticity
Total Revenue and Elasticity
More on Total Revenue and Elasticity
Cross Elasticity of Demand
Elasticity of Supply
Elasticity and Strange Percent Changes
Tax Incidence
Elasticity and Taxation Quiz
The Basics of Supply and Demand
Price Elasticity of Supply
Consumer Preferences
Unit 2 Assessment
The Logic of Maximizing Behavior and Maximizing in the Marketplace
Demand Curve as Marginal Benefit Curve
Consumer Surplus Introduction
Total Consumer Surplus as Area
Khan Academy: "Producer Surplus"
How Much to Produce? The Story of Marginal Revenue and Marginal Costs
Consumer and Producer Surplus
Consumer and Producer Surplus Quiz
Positive Externalities
Market Failure
Rent Control and Deadweight Loss
Minimum Wage and Price Floors
Taxation and Dead Weight Loss
Percentage Tax on Hamburgers
Taxes and Perfectly Inelastic Demand
Taxes and Perfectly Elastic Demand
Negative Externalities
Tragedy of the Commons
Inequality, Poverty, and Discrimination
Unit 3 Assessment
Introduction to Consumer Choices
The Analysis of Consumer Choice
The Art of Choosing
Marginal Utility
Budget Line
Deriving Demand Curve from Tweaking Marginal Utility per Dollar
Constrained Optimization: Cobb-Douglas Utility and Interior Solutions Using a Lagrangian
Marginal Utility Quiz
Indifference Curve Analysis: An Alternative Approach to Understanding Consumer Choice
Preference and Utility
Labor Supply and Child Labor
Equalizing Marginal Utility per Dollar Spent
Types of Indifference Curves
First Degree Price Discrimination
Changes in the Budget Line
Optimal Point on Budget Line
Defining Price Elasticity of Demand
Principles of Microeconomics Lecture Notes
Unit 4 Assessment
Production
Production Choices and Costs: The Short Run
Understanding Normal Profit
A Firm's Marginal Product Revenue Curve
Economic Profit vs. Accounting Profit
Depreciation and Opportunity Cost of Capital
Understanding the Short-Run Shutdown
Fixed, Variable, and Marginal Cost
Visualizing Average Costs and Marginal Costs as Slope
Marginal Cost and Average Total Cost
Marginal Revenue and Marginal Cost
Marginal Revenue below Average Total Cost
Short-Run Cost Curves
Firms' Maximizing Behavior Quiz
Production Choices and Costs: The Long Run
Long-Term Supply Curve and Economic Profit
Principles of Microeconomics Lecture Notes
Unit 5 Assessment
Competitive Markets for Goods and Services
Perfect Competition
More on Perfect Competition
Perfect Competition Demonstration
Monopoly
The Monopoly Model
Monopolies
Monopoly Basics
Review of Revenue and Cost Graphs for a Monopoly
Total Revenue
Marginal Revenue
Dead Weight Loss
Price Discrimination
Marginal Costing Quiz and Monopoly Quantitative Exercise
Monopolistic Competition: Competition among Many
Monopolistic Competition
Oligopolies and Monopolistic Competition
Monopolistic Competition and Economic Profit
Oligopoly: Competition among Few
Oligopolies, Duopolies, Collusion, and Cartels
Oligopoly
Game Theory of Cheating Firms
More on Nash Equilibrium
Why Parties to Cartels Cheat
Prisoners' Dilemma and Nash Equilibrium
Principles of Microeconomics Lecture Notes
Unit 6 Assessment
Capital and Natural Resource Markets
Adding Demand Curves
Wages and Employment in Perfect Competition
How Many People to Hire Given the MPR Curve
Labor Market Quiz
Types of Financial Markets
Economic Resources
Unit 7 Assessment
ECON101 Study Guide
Course Feedback Survey
ECON101: Certificate Final Exam
Tragedy of the Commons ►
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ECON101: Principles of Microeconomics
Sections
Course Introduction
Unit 1: Introduction to Economics
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 Guide
Course Feedback Survey
Certificate Final Exam
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