ECON 101

UWaterloo

Course Overview

Lessons & Practice

I. Welcome

46 sec

1. Economics and the Economic Problem

1.2hr

1.1.1. Definitions8 min

1.1.2. Practice: Definitions51 sec

1.2.1. Positive vs Normative Economics1 min

1.2.2. Practice: Positive and Normative Statements1 min

1.3.1. Production Possibilities Frontier: Concave PPF8 min

1.3.2. Production Possibilities Frontier: Linear PPF3 min

1.3.3. Example: PPF and Opportunity Cost1 min

1.3.4. Example: PPF and Efficiency2 min

1.3.5. Practice: PPF2 min

1.3.6. Practice: Opportunity Cost2 min

1.4.1. Absolute and Comparative Advantage11 min

1.4.2. Example: Absolute and Comparative Advantage7 min

1.4.3. Practice: Absolute and Comparative Advantage3 min

1.5.1. Gains from Trade8 min

1.5.2. Example: Gains from Trade4 min

1.5.3. Example: Consumption (Trading) Possibility Curve7 min

1.5.4. Practice: Gains from Trade5 min

2. Demand and Supply

43min

2.1.1. Demand9 min

2.1.2. Example: Demand1 min

2.1.3. Practice: Demand2 min

2.2.1. Supply7 min

2.2.2. Practice: Supply1 min

2.3.1. Market Equilibrium5 min

2.3.2. Example: Equilibrium with a Table4 min

2.3.3. Example: Drawing Graphs4 min

2.3.4. Practice: Drawing Graphs3 min

2.3.5. Practice: Graphs with One Good2 min

2.3.6. Practice: Graphs with Two Different Goods3 min

2.3.7. Practice: Equilibrium with Equations2 min

3. Elasticity

1.5hr

3.1.1. Point Price Elasticity of Demand8 min

3.1.2. Example: Point Elasticity with Numbers and Equations6 min

3.2.1. Arc Price Elasticity of Demand5 min

3.2.2. Example: Arc Price Elasticity of Demand5 min

3.3.1. Factors That Affect Elasticity5 min

3.3.2. Example: Factors That Affect Elasticity51 sec

3.3.3. Practice: Factors That Affect Elasticity

3.4.1. Different Elasticities Along Demand and Total Revenue12 min

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

3.5.1. Perfectly Elastic and Inelastic4 min

3.5.2. Example: Steep and Flat Demand Curves1 min

3.5.3. Practice: Steep and Flat Demand Curves2 min

3.6.1. Income Elasticity4 min

3.6.2. Example: Income Elasticity3 min

3.6.3. Practice: Income Elasticity1 min

3.7.1. Cross Price Elasticity of Demand3 min

3.7.2. Example: Cross Price Elasticity of Demand12 min

3.7.3. Practice: Cross Price Elasticity of Demand3 min

3.8.1. Price Elasticity of Supply9 min

3.8.2. Example: Elasticity of Supply1 min

4. Efficiency and Equity

1.7hr

4.1.1. Consumer Surplus7 min

4.1.2. Example: Consumer Surplus2 min

4.1.3. Practice: Consumer Surplus3 min

4.2.1. Producer Surplus4 min

4.2.2. Example: Producer Surplus2 min

4.3.1. Total Surplus3 min

4.3.2. Example: Total Surplus4 min

4.4.1. Marginal Benefit and Marginal Cost5 min

4.4.2. Practice: Marginal Benefit and Cost3 min

4.5.1. Tax and Welfare9 min

4.5.2. Example: Tax and Elasticity7 min

4.5.3. Practice: CS and PS with Taxes3 min

4.5.4. Laffer Curve3 min

4.6.1. CS and PS with Price Ceilings7 min

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

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

4.7.1. CS and PS with Price Floors5 min

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

4.8.1. CS and PS with Quotas4 min

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

4.9.1. CS and PS with Subsidies

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

5. Consumer Choice and Demand

1.4hr

5.1.1. Budget Constraint5 min

5.1.2. Practice: Budget Constraint50 sec

5.2.1. Total and Marginal Utility6 min

5.2.2. Practice: Total and Marginal Utility

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

5.3.2. Practice: Optimal Bundle (MUx/Px = MUy/Py)

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

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

5.4.1. Paradox of Value3 min

5.4.2. Practice: Paradox of Value53 sec

5.5.1. Indifference Curves11 min

5.5.2. Example: Indifference Curves1 min

5.6.1. Perfect Complements and Substitutes4 min

5.6.2. Example: Perfect Complements and Substitutes2 min

5.7.1. Changes in Income4 min

5.7.2. Example: Changes in Income2 min

5.8.1. Changes in Price3 min

5.8.2. Example: Changes in Price2 min

5.9.1. Deriving the Demand Curve4 min

5.9.2. Example: Deriving the Demand Curve2 min

5.10.1. Substitution and Income Effect on Demand8 min

5.10.2. Substitution and Income Effect with Indifference Curves7 min

5.10.3. Practice: Substitution and Income Effect with Indifference Curves

5.11.1. Work - Leisure Choices3 min

5.11.2. Example: Work - Leisure Choices2 min

6. Production Output and Costs

1.1hr

6.1.1. Economic Costs and Profit3 min

6.1.2. Practice: Economic Cost and Profit2 min

6.2.1. Average Product and Marginal Product12 min

6.2.2. Example: Marginal and Average Product2 min

6.2.3. Practice: Marginal vs Average Product3 min

6.3.1. Fixed Costs and Variable Costs13 min

6.3.2. Example: Fixed and Variable Costs9 min

6.3.3. Practice: Fixed and Variable Costs4 min

6.4.1. Long Run Costs8 min

6.4.2. Practice: Long Run Costs50 sec

6.5.1. Cost Minimization in the Long Run4 min

6.5.2. Example: Cost Minimization in the Long Run3 min

7. Perfect Competition

41min

7.1.1. Profit Maximization9 min

7.1.2. Example: Profit Maximization2 min

7.1.3. Practice: Profit Maximization3 min

7.2.1. Shutdown Rule and Profit9 min

7.2.2. Example: Shutdown Rule3 min

7.2.3. Practice: Supply Curve and Shutdown Rule1 min

7.2.4. Practice: Shutdown Point2 min

7.3.1. Long Run6 min

7.3.2. Practice: Long Run1 min

7.3.3. Practice: Perfect Competition3 min

7.3.4. Example: Long Run55 sec

8. Monopoly

57min

8.1.1. Profit Maximization in a Monopoly11 min

8.1.2. Example: Profit Maximization3 min

8.1.3. Practice: Profit Maximization24 sec

8.1.4. Practice: Marginal Revenue2 min

8.2.1. Monopoly Deadweight Loss5 min

8.2.2. Example: Monopoly Deadweight Loss 9 min

8.3.1. Price Discrimination8 min

8.3.2. Example: Price Discrimination3 min

8.3.3. Practice: Price Discrimination3 min

8.4.1. Government Intervention4 min

8.4.2. Example: Government Intervention30 sec

8.4.3. Practice: Government Intervention1 min

8.5.1. Government Intervention with Natural Monopolies7 min

8.5.2. Practice: Government Intervention with Natural Monopolies

9. Monopolistic Competition

29min

9.1.1. What is Monopolistic Competition8 min

9.1.2. Example: Monopolistic Competition1 min

9.1.3. Practice: Monopolistic Competition1 min

9.1.4. Practice: Different Industries2 min

9.2.1. Short and Long Run Equilibrium7 min

9.2.2. Example: Short and Long Run Equilibrium2 min

9.2.3. Practice: Long Run Equilbrium2 min

9.3.1. Advertising2 min

9.3.2. Practice: Advertising1 min

9.4.1. Product Variety and Business Stealing Externality1 min

9.4.2. Example: Product Variety and Business Stealing Externality1 min

10. Oligopoly

56min

10.1.1. Oligopoly and Game Theory13 min

10.1.2. Example: Oligopoly and Game Theory8 min

10.1.3. Practice: Oligopoly and Game Theory54 sec

10.2.1. Prisoner's Dilemma8 min

10.2.2. Example: Nash Equilibrium with Common Resources5 min

10.3.1. Cartels, Output and Price Effect13 min

10.3.2. Practice: Output and Price Effect46 sec

10.4.1. Government Policy3 min

10.4.2. Practice: Government Policy Towards Oligopolies32 sec

10.5.1. Kinked Demand Curve3 min

10.5.2. Practice: Kinked Demand Curve43 sec

11. Externalities/Market Failures

32min

11.1.1. Negative Externalities12 min

11.1.2. Example: Negative Externality55 sec

11.1.3. Practice: Negative Externality1 min

11.2.1. Correcting Negative Externalities6 min

11.2.2. Practice: Correcting Negative Externalities2 min

11.3.1. Positive Externalities7 min

11.3.2. Example: Positive Externalities2 min

11.3.3. Practice: Positive Externalities1 min

12. Government Actions in the Market

1.1hr

12.1.1. Price Ceiling5 min

12.1.2. Example: Price Ceiling2 min

12.1.3. Example: Rent Control and Elasticity4 min

12.2.1. Price Floor5 min

12.2.2. Example: Price Floor3 min

12.2.3. Practice: Price Floor6 min

12.3.1. Tax9 min

12.3.2. Practice: Tax

12.4.1. Example: Tax Incidence / Tax Burden1 min

12.4.2. Practice: Tax Incidence / Tax Burden2 min

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

12.5.1. Subsidies

12.5.2. Example: Subsidies4 min

12.5.3. Practice: Subsidies3 min

12.6.1. Quota3 min

12.6.2. Example: Quota2 min

12.6.3. Practice: Quota2 min

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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

Answered

Anonymous

Hi Rameez, I really enjoy your videos. Great thanks to you. May I know where I can find test bank of Econ 101 Waterloo? As I saw from some websites mentioned that there's test bank for this course. Thanks so much

Rameez S

Instructor

Hi Pau, glad you enjoyed the videos. Sorry I'm afraid it is very hard to find test banks for Econ 101. If we are able to find anything we will let you know!

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