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Iris Franz

Principles of Microeconomics

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56 items
Last updated on Nov 18, 2023
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Price Elasticity of Demand (1): Overview
4:00
Price Elasticity of Demand (2): Midpoint Formula
4:46
Price Elasticity of Demand (3): Elastic, Inelastic, and Unit Elastic Demand
3:15
Price Elasticity of Demand (4): Total Revenue and the "Arrow Method"
8:52
Price Elasticity of Demand (5): Determinants
4:41
Price Elasticity of Demand (6): Price Elasticity is not Equal to the Slope
1:14
Perfectly Inelastic Demand
2:08
Perfectly Elastic Demand
2:20
Income Elasticity of Demand
3:47
Cross Price Elasticity of Demand
2:00
Price Elasticity of Supply (1): Definition and Midpoint Formula
3:24
Price Elasticity of Supply (2): Determinants, Short Run, and Long Run
4:12
Consumer Choice (1): Total Utility, Marginal Utility & The Law of Diminishing Marginal Utility
8:42
Consumer Choice (2): Equal Marginal Principle & Utility Maximization
8:29
Consumer Choice (3): Two-Step Approach to Utility Maximization Problem
6:06
Consumer Theory-- Utility Maximization
6:02
Utility Maximization Example (McConnel, Brue, and Flynn, Chapter 7)
9:19
Costs of Production (1): Explicit Cost, Implicit Cost, Accounting Profit, & Economic Profit
6:34
Costs of Production (2)
6:59
Cost Curves (1):  Fixed Costs (FC), Variabls Costs (VC), & Total Costs (TC)
3:12
Cost Curves (2): Average Fixed Cost, Average Variable Cost, Average Total Cost, & Marginal Cost
7:25
Perfect Competition (1):  Why MR=P for a Price Taker
4:39
Perfect Competition (2): Optimal Quantity
3:41
Perfect Competition (3): Short Run Profit
2:17
Perfect Competition (4): Sunk Cost
3:22
Perfect Competition (5): Producing with an Economic Loss
3:31
Perfect Competition (6): Shutting Down
2:38
Perfect Competition (7): Short Run Shut-Down Point: The Lowest Point of AVC
1:47
Perfect Competition (8): Short Run Supply Curve
2:01
Perfect Competition (9): Long Run Equilibrium; Zero Econ Profit & Efficiency
5:18
Perfect Competition (10): Long Run Market Supply Curve
1:54
Zero Economic Profit (Normal Profit)
3:00
Price Discrimination (1): Overview of 1st, 2nd, & 3rd Degree Price Discrimination (Principle Level)
5:12
Price Discrimination (2): 2nd Degree Price Discrimination, Principle Level
3:14
Price Discrimination (3): 3rd Degree Price Discrimination (Principle Level)
4:31
Monopolistic Competition (1): Overview
3:32
Monopolistic Competition (2): Profit Maximization & Short Run Equilibrium
4:09
Monopolistic Competition (3): Long Run Equilibrium
5:15
Oligopoly: Overview & 4-firm Concentration Ratio
3:21
The Prisoner's Dilemma
7:06
The Chicken Game
5:58
The Entry Game
8:47
Long-Run Average Total Cost Curve (1)
3:06
Long-Run Average Total Cost Curve (2)
4:01
Monopoly (1): Overview & Entry Barriers
5:01
Monopoly (2): Why MR is less than the Price
5:59
Monopoly (3): Three Steps for Profit Maximization
2:53
Monopoly (4): Why Monopoly Causes Allocative Inefficiency
3:41
The Demand for Resources (1): Overview
4:12
The Demand for Resources (2): MRP, MPL, & Hiring Decisions
2:39
Monopsony (1): Overview
1:03
Monopsony (3): Why MRC is greater than the Wage
7:54
Monopsony (2): Assumptions, MRP and MRC
2:00
Monopsony (4): Profit Maximization & Deadweight Loss
4:22
Extensive Form Games (2): The Job Offer Game
6:19
Extensive Form Games (1): The Entry Game
6:33