EC 201

MSU

Course Overview

Lessons & Practice

I. Welcome

46 sec

1. Lecture 1

9min

1.1.1. Definitions8 min

1.1.2. Practice: Definitions51 sec

2. Lecture 2

42min

2.1.1. Production Possibilities Frontier: Concave PPF8 min

2.1.2. Production Possibilities Frontier: Linear PPF3 min

2.1.3. Example: PPF and Opportunity Cost1 min

2.1.4. Example: PPF and Efficiency2 min

2.1.5. Practice: Opportunity Cost2 min

2.1.6. Practice: PPF2 min

2.2.1. Marginal Benefit and Marginal Cost5 min

2.2.2. Practice: Marginal Benefit and Cost3 min

2.3.1. Public Policy8 min

2.3.2. Example: Public Policy1 min

2.3.3. Practice: Public Policy1 min

2.3.4. Example: Public Policy58 sec

2.3.5. Problems with Government Intervention3 min

2.3.6. Practice: Problems with Government Intervention56 sec

3. Lecture 3

12min

3.1.1. Production and Allocative Efficiency9 min

3.1.2. Example: Production and Allocative Efficiency2 min

3.1.3. Example: Efficiency with Different Market Structures1 min

4. Lecture 4

1.8hr

4.1.1. GDP - Expenditure Approach6 min

4.1.2. Example: GDP - Expenditure Approach55 sec

4.1.3. Practice: GDP - Expenditure Approach40 sec

4.1.4. GDP - Income Approach5 min

4.1.5. Example: GDP - Income Approach4 min

4.1.6. Practice: GDP and Investment Expenditure35 sec

4.1.7. Practice: GDP and Inventory1 min

4.2.1. Nominal GDP, Real GDP and Deflator9 min

4.2.2. Example: Nominal GDP, Real GDP and Deflator3 min

4.2.3. Example: Deflator Calculation3 min

4.2.4. Practice: Nominal GDP, Real GDP and Deflator1 min

4.2.5. Practice: Real and Nominal GDP1 min

4.3.1. Labor Force and Unemployment5 min

4.3.2. Example: Labor Force and Unemployment6 min

4.3.3. Practice: Labor Force and Unemployment4 min

4.3.4. Practice: Labor Force2 min

4.3.5. Practice: Unemployment Rate41 sec

4.3.6. Types of Unemployment9 min

4.3.7. Example: Types of Unemployment2 min

4.3.8. Practice: Unemployment1 min

4.4.1. CPI (Consumer Price Index)13 min

4.4.2. Example: CPI5 min

4.4.3. Practice: CPI34 sec

4.4.4. Practice: CPI Definition59 sec

4.4.5. Practice: CPI Calculation2 min

4.5.1. Absolute and Comparative Advantage11 min

4.5.2. Example: Absolute and Comparative Advantage7 min

4.5.3. Practice: Absolute and Comparative Advantage3 min

5. Lecture 5

20min

5.1.1. Demand9 min

5.1.2. Example: Demand1 min

5.1.3. Practice: Demand2 min

5.2.1. Supply7 min

5.2.2. Practice: Supply1 min

6. Lecture 6

1.3hr

6.1.1. Market Equilibrium5 min

6.1.2. Example: Equilibrium with a Table4 min

6.1.3. Example: Drawing Graphs4 min

6.1.4. Practice: Drawing Graphs3 min

6.1.5. Practice: Graphs with One Good2 min

6.1.6. Practice: Graphs with Two Different Goods3 min

6.1.7. Practice: Equilibrium with Equations2 min

6.2.1. Point Price Elasticity of Demand8 min

6.2.2. Example: Point Elasticity with Numbers and Equations6 min

6.2.3. Arc Price Elasticity of Demand5 min

6.2.4. Example: Arc Price Elasticity of Demand5 min

6.2.5. Factors That Affect Elasticity5 min

6.2.6. Example: Factors That Affect Elasticity51 sec

6.2.7. Practice: Factors That Affect Elasticity

6.2.8. Different Elasticities Along Demand and Total Revenue12 min

6.2.9. Example: Different Elasticities Along the Demand Curve and Total Revenue3 min

6.2.10. Perfectly Elastic and Inelastic4 min

6.2.11. Example: Steep and Flat Demand Curves1 min

6.2.12. Practice: Steep and Flat Demand Curves2 min

7. Lecture 7

1.1hr

7.1.1. Income Elasticity4 min

7.1.2. Example: Income Elasticity3 min

7.1.3. Practice: Income Elasticity1 min

7.2.1. Price Ceiling5 min

7.2.2. Example: Price Ceiling2 min

7.2.3. Example: Rent Control and Elasticity4 min

7.2.4. Practice: CS, PS, DWL with Price Ceiling1 min

7.2.5. Price Floor5 min

7.2.6. Example: Price Floor3 min

7.2.7. Practice: Price Floor6 min

7.3.1. Tax9 min

7.3.2. Practice: Tax

7.3.3. Subsidies

7.3.4. Example: Subsidies4 min

7.3.5. Practice: Subsidies3 min

7.4.1. Total and Marginal Utility6 min

7.4.2. Example: Total and Marginal Utility2 min

8. Lecture 8

1.4hr

8.1.1. Optimal Bundle (MUx/Px = MUy/Py)5 min

8.1.2. Example: Optimal Bundle (MUx/Px = MUy/Py)1 min

8.1.3. Optimal Bundle (Indifference Curve and Budget Constraint)4 min

8.1.4. Example: Optimal Bundle (Indifference Curve and Budget Constraint)2 min

8.2.1. Substitution and Income Effect on Demand8 min

8.2.2. Substitution and Income Effect with Indifference Curves7 min

8.2.3. Example: Substitution and Income Effect with Indifference Curves3 min

8.3.1. Consumer Surplus7 min

8.3.2. Example: Consumer Surplus2 min

8.3.3. Practice: Consumer Surplus3 min

8.3.4. Producer Surplus4 min

8.3.5. Example: Producer Surplus2 min

8.3.6. Total Surplus3 min

8.3.7. Example: Total Surplus4 min

8.3.8. CS and PS with Price Ceilings7 min

8.3.9. Example: CS, PS, DWL with Price Ceiling7 min

8.3.10. CS and PS with Price Floors5 min

8.3.11. Example: CS, PS, DWL with Price Floors6 min

8.4.1. Paradox of Value3 min

8.4.2. Practice: Paradox of Value53 sec

9. Lecture 9

45min

9.1.1. Average Product and Marginal Product12 min

9.1.2. Example: Marginal and Average Product2 min

9.1.3. Practice: Marginal vs Average Product3 min

9.2.1. Fixed Costs and Variable Costs13 min

9.2.2. Example: Fixed and Variable Costs9 min

9.2.3. Practice: Fixed and Variable Costs4 min

10. Lecture 10

17min

10.1.1. Long Run6 min

10.1.2. Example: Long Run55 sec

10.1.3. Practice: Long Run1 min

10.2.1. Long Run Costs8 min

10.2.2. Practice: Long Run Costs50 sec

11. Lecture 11

17min

11.1.1. Profit Maximization9 min

11.1.2. Example: Profit Maximization2 min

11.1.3. Practice: Profit Maximization3 min

11.1.4. Practice: Perfect Competition3 min

12. Lecture 12

39min

12.1.1. Economic Costs and Profit3 min

12.1.2. Practice: Economic Cost and Profit2 min

12.2.1. Shutdown Rule and Profit9 min

12.2.2. Practice: Shutdown Point2 min

12.2.3. Practice: Break-Even Point2 min

12.2.4. Example: Shutdown Rule3 min

12.2.5. Practice: Supply Curve and Shutdown Rule1 min

12.3.1. Cost Minimization in the Long Run4 min

12.3.2. Example: Cost Minimization in the Long Run3 min

12.4.1. Short and Long Run Equilibrium7 min

12.4.2. Example: Short and Long Run Equilibrium2 min

12.4.3. Practice: Long Run Equilbrium2 min

13. Lecture 13

31min

13.1.1. Profit Maximization in a Monopoly11 min

13.1.2. Example: Profit Maximization3 min

13.1.3. Practice: Profit Maximization24 sec

13.1.4. Practice: Marginal Revenue2 min

13.2.1. Monopoly Deadweight Loss5 min

13.2.2. Example: Monopoly Deadweight Loss 9 min

14. Lecture 14

29min

14.1.1. Price Discrimination8 min

14.1.2. Example: Price Discrimination3 min

14.1.3. Practice: Price Discrimination3 min

14.2.1. What is Monopolistic Competition8 min

14.2.2. Example: Monopolistic Competition1 min

14.2.3. Practice: Monopolistic Competition1 min

14.2.4. Practice: Different Industries2 min

14.3.1. Product Variety and Business Stealing Externality1 min

14.3.2. Example: Product Variety and Business Stealing Externality1 min

15. Lecture 15

39min

15.1.1. Oligopoly and Game Theory13 min

15.1.2. Example: Oligopoly and Game Theory8 min

15.1.3. Practice: Oligopoly and Game Theory54 sec

15.1.4. Kinked Demand Curve3 min

15.1.5. Practice: Kinked Demand Curve43 sec

15.2.1. Prisoner's Dilemma8 min

15.2.2. Example: Nash Equilibrium with Common Resources5 min

16. Lecture 16

31min

16.1.1. Government Intervention4 min

16.1.2. Example: Government Intervention30 sec

16.1.3. Practice: Government Intervention1 min

16.2.1. Cartels, Output and Price Effect13 min

16.2.2. Practice: Output and Price Effect46 sec

16.3.1. Government Intervention with Natural Monopolies7 min

16.3.2. Example: Government Intervention with Natural Monopolies49 sec

16.4.1. Government Policy3 min

16.4.2. Practice: Government Policy Towards Oligopolies32 sec

17. Lecture 17

32min

17.1.1. Negative Externalities12 min

17.1.2. Example: Negative Externality55 sec

17.1.3. Practice: Negative Externality1 min

17.2.1. Correcting Negative Externalities6 min

17.2.2. Practice: Correcting Negative Externalities2 min

17.3.1. Positive Externalities7 min

17.3.2. Example: Positive Externalities2 min

17.3.3. Practice: Positive Externalities1 min

18. Lecture 18

48min

18.1.1. Tax and Welfare9 min

18.1.2. Example: Tax and Elasticity7 min

18.1.3. Practice: CS and PS with Taxes3 min

18.1.4. CS and PS with Subsidies

18.1.5. Practice: CS, PS, DWL with Subsidy5 min

18.2.1. Different Types of Goods10 min

18.2.2. Example: Different Types of Goods1 min

18.2.3. Practice: Different Types of Goods2 min

18.2.4. Example: Free Rider Problem2 min

18.2.5. Practice: Free Rider Problem2 min

19. Lecture 19

44min

19.1.1. Demand and Supply of Labor9 min

19.1.2. Example: Demand and Supply of Labor2 min

19.1.3. Practice: Demand and Supply of Labor22 sec

19.2.1. Profit Maximization in Labor Market (VMP = Wage)9 min

19.2.2. Practice: Profit Maximization in Labor Market1 min

19.3.1. Production and Growth9 min

19.3.2. Practice: Human Capital59 sec

19.4.1. Monopsony and Perfectly Competitive Labor Market5 min

19.4.2. Example: Labor Market and Monopsony7 min

20. Lecture 20

27min

20.1.1. Tax9 min

20.1.2. Practice: Tax

20.2.1. Tax Incidence / Tax Burden8 min

20.2.2. Tax Incidence / Tax Burden with Perfectly Elastic and Inelastic Curves6 min

20.2.3. Example: Tax Incidence / Tax Burden1 min

20.2.4. Practice: Tax Incidence / Tax Burden2 min

21. Lecture 21

1.7hr

21.1.1. Absolute and Comparative Advantage11 min

21.1.2. Example: Absolute and Comparative Advantage7 min

21.1.3. Practice: Absolute and Comparative Advantage3 min

21.2.1. Gains from Trade8 min

21.2.2. Example: Gains from Trade4 min

21.2.3. Example: Consumption (Trading) Possibility Curve7 min

21.2.4. Exports9 min

21.2.5. Practice: Exports55 sec

21.2.6. Imports with Free Trade8 min

21.2.7. Pros and Cons of Trade5 min

21.2.8. Practice: Pros and Cons of Trade

21.3.1. Imports with Tariff9 min

21.3.2. Example: Tariff10 min

21.3.3. Practice: Tariff1 min

21.3.4. Quota3 min

21.3.5. Example: Quota2 min

21.3.6. Practice: Quota2 min

21.3.7. CS and PS with Quotas4 min

21.3.8. Example: CS, PS, DWL with Quotas5 min

22. Lecture 22

26min

22.1.1. Financial System6 min

22.1.2. Loanable Funds12 min

22.1.3. Example: Loanable Funds3 min

22.1.4. Practice: Loanable Funds1 min

22.1.5. Practice: Factors That Affect Supply and Demand for Loans2 min

22.2.1. Practice: Bonds2 min

22.Q. Checkpoint Quiz0 Qns

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Unanswered

Anonymous

How come there are no lessons on consumer theory and producer theory, 

Unanswered

Anonymous

which ones are chapters 11-16-19 and 20. ( am a bit confused with how they are devided)

Unanswered

Alexandros V

what chapters are on the final? 

Tennyson T

usually cumulative so everything 

Answered

omar s

what chapters does the midterm usually 
include 

Gala D

6-9

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