Introduction to Economics
Introduction to Microeconomics
Paternalism vs. Libertarianism
Scarcity and the Fundamental Economic Problem
Scarcity vs. Poverty
Tradeoffs and Opportunity Cost
The Production Possibilities Frontier (PPF)
How to Graph the PPF
How to Graph the Marginal Cost Curve
How to Graph the Marginal Benefit Curve
Allocative Efficiency
Production Efficiency
Inefficient Production
How to Expand the PPF
Specialization and Trade
Law of Demand
Law of Supply
Market Equilibrium: Supply & Demand
Market Equilibrium: Math
Change in Demand
Change in Demand vs. Change in Quantity Demanded
Change in Supply
Change in Supply vs. Change in Quantity Supplied
Normal vs. Inferior Goods
Effects of Substitutes and Complements on Demand
Simultaneous Change in Demand and Supply
How to Calculate Price Elasticity of Demand
Elastic vs. Inelastic Demand
Income Elasticty of Demand
Cross Elasticity of Demand
Elasticity of Supply
Efficiency vs. Equity
3 Types of Economic Efficiency
6 Types of Market Failures
Consumer and Producer Surplus
Price Ceiling
Price Floor
Price Support
Gains from Imports
Gains from Exports
Effect of an Import Tariff
Externalities
Negative Externalities
Positive Externalites
Pigouvian Tax
Cap and Trade
Carbon Tax vs. Cap and Trade
The Coase Theorem
Public Goods
Efficient Provision of Public Goods
Common Resources
Individual Transfer Quotas
The Economics of Drug Testing
The Economics of Airline Safety
Economics of Fracking
Economics of Housing Vouchers
