ECON 201

Concordia

Course Overview

Grade Boosters

sale

Lessons & Practice

I. Welcome

46 sec

1. Economic Concepts

34min

1.1.1. Definitions8 min

1.1.2. Practice: Definitions51 sec

1.2.1. Production Possibilities Frontier: Concave PPF8 min

1.2.2. Production Possibilities Frontier: Linear PPF3 min

1.2.3. Example: PPF and Opportunity Cost1 min

1.2.4. Example: PPF and Efficiency2 min

1.2.5. Practice: PPF2 min

1.2.6. Practice: Opportunity Cost2 min

1.3.1. Economic Costs and Profit3 min

1.3.2. Practice: Economic Cost and Profit2 min

1.4.1. Positive vs Normative Economics1 min

1.4.2. Practice: Positive and Normative Statements1 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. Government Interventions in Markets

1.2hr

4.1.1. Price Ceiling5 min

4.1.2. Example: Price Ceiling2 min

4.1.3. Example: Rent Control and Elasticity4 min

4.2.1. Price Floor5 min

4.2.2. Example: Price Floor3 min

4.2.3. Practice: Price Floor6 min

4.3.1. Tax9 min

4.3.2. Practice: Tax

4.4.1. Tax Incidence / Tax Burden8 min

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

4.4.3. Example: Tax Incidence / Tax Burden1 min

4.4.4. Practice: Tax Incidence / Tax Burden2 min

4.5.1. Subsidies

4.5.2. Example: Subsidies4 min

4.5.3. Practice: Subsidies3 min

4.6.1. Quota3 min

4.6.2. Example: Quota2 min

4.6.3. Practice: Quota2 min

5. Efficiency

1.7hr

5.1.1. Consumer Surplus7 min

5.1.2. Example: Consumer Surplus2 min

5.1.3. Practice: Consumer Surplus3 min

5.2.1. Producer Surplus4 min

5.2.2. Example: Producer Surplus2 min

5.3.1. Total Surplus3 min

5.3.2. Example: Total Surplus4 min

5.4.1. Marginal Benefit and Marginal Cost5 min

5.4.2. Practice: Marginal Benefit and Cost3 min

5.5.1. Tax and Welfare9 min

5.5.2. Example: Tax and Elasticity7 min

5.5.3. Practice: CS and PS with Taxes3 min

5.5.4. Laffer Curve3 min

5.6.1. CS and PS with Price Ceilings7 min

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

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

5.7.1. CS and PS with Price Floors5 min

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

5.8.1. CS and PS with Quotas4 min

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

5.9.1. CS and PS with Subsidies

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

6. Theory of Consumer Choice

56min

6.1.1. Total and Marginal Utility6 min

6.1.2. Example: Total and Marginal Utility2 min

6.2.1. Paradox of Value3 min

6.2.2. Practice: Paradox of Value53 sec

6.3.1. Indifference Curves11 min

6.3.2. Example: Indifference Curves1 min

6.4.1. Budget Constraint5 min

6.4.2. Practice: Budget Constraint50 sec

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

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

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

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

6.6.1. Deriving the Demand Curve4 min

6.6.2. Example: Deriving the Demand Curve2 min

6.7.1. Substitution and Income Effect on Demand8 min

7. Production and Costs

60min

7.1.1. Average Product and Marginal Product12 min

7.1.2. Example: Marginal and Average Product2 min

7.1.3. Practice: Marginal vs Average Product3 min

7.2.1. Fixed Costs and Variable Costs13 min

7.2.2. Example: Fixed and Variable Costs9 min

7.2.3. Practice: Fixed and Variable Costs4 min

7.3.1. Long Run Costs8 min

7.3.2. Practice: Long Run Costs50 sec

7.4.1. Cost Minimization in the Long Run4 min

7.4.2. Example: Cost Minimization in the Long Run3 min

8. Firms in Competitive Markets (Perfect Competition)

42min

8.1.1. Profit Maximization9 min

8.1.2. Example: Profit Maximization2 min

8.1.3. Practice: Profit Maximization3 min

8.2.1. Shutdown Rule and Profit9 min

8.2.2. Practice: Shutdown Point2 min

8.2.3. Practice: Break-Even Point2 min

8.2.4. Example: Shutdown Rule3 min

8.2.5. Practice: Supply Curve and Shutdown Rule1 min

8.3.1. Long Run6 min

8.3.2. Example: Long Run55 sec

8.3.3. Practice: Long Run1 min

8.3.4. Practice: Perfect Competition3 min

9. Monopoly

51min

9.1.1. Profit Maximization in a Monopoly11 min

9.1.2. Example: Profit Maximization3 min

9.1.3. Practice: Profit Maximization24 sec

9.1.4. Practice: Marginal Revenue2 min

9.2.1. Monopoly Deadweight Loss5 min

9.2.2. Example: Monopoly Deadweight Loss 9 min

9.3.1. Price Discrimination8 min

9.3.2. Example: Price Discrimination3 min

9.3.3. Practice: Price Discrimination3 min

9.4.1. Government Intervention4 min

9.4.2. Example: Government Intervention30 sec

9.4.3. Practice: Government Intervention1 min

10. Monopolistic Competition

29min

10.1.1. What is Monopolistic Competition8 min

10.1.2. Example: Monopolistic Competition1 min

10.1.3. Practice: Monopolistic Competition1 min

10.1.4. Practice: Different Industries2 min

10.2.1. Short and Long Run Equilibrium7 min

10.2.2. Example: Short and Long Run Equilibrium2 min

10.2.3. Practice: Long Run Equilbrium2 min

10.3.1. Advertising2 min

10.3.2. Practice: Advertising1 min

10.4.1. Product Variety and Business Stealing Externality1 min

10.4.2. Example: Product Variety and Business Stealing Externality1 min

11. Oligopoly

56min

11.1.1. Oligopoly and Game Theory13 min

11.1.2. Example: Oligopoly and Game Theory8 min

11.1.3. Practice: Oligopoly and Game Theory54 sec

11.2.1. Prisoner's Dilemma8 min

11.2.2. Example: Nash Equilibrium with Common Resources5 min

11.3.1. Cartels, Output and Price Effect13 min

11.3.2. Practice: Output and Price Effect46 sec

11.4.1. Government Policy3 min

11.4.2. Practice: Government Policy Towards Oligopolies32 sec

11.5.1. Kinked Demand Curve3 min

11.5.2. Practice: Kinked Demand Curve43 sec

12. Public Goods and Common Resources

17min

12.1.1. Different Types of Goods10 min

12.1.2. Example: Different Types of Goods1 min

12.1.3. Practice: Different Types of Goods2 min

12.1.4. Example: Free Rider Problem2 min

12.1.5. Practice: Free Rider Problem2 min

13. Asymmetric Information and Financial Markets

16min

13.1.1. Asymmetric Information, Adverse Selection, Moral Hazard, Lemons Problem5 min

13.1.2. Practice: Lemons Problem42 sec

13.2.1. Present Value3 min

13.2.2. Example: Present Value3 min

13.2.3. Practice: Present Value1 min

13.3.1. Sole Proprietorships, Partnerships, and Corporations3 min

13.3.2. Practice: Sole Proprietorships, Partnerships and Corporations25 sec

14. Externalities/Market Failures

24min

14.1.1. Negative Externalities12 min

14.1.2. Example: Negative Externality55 sec

14.1.3. Practice: Negative Externality1 min

14.2.1. Positive Externalities7 min

14.2.2. Example: Positive Externalities2 min

14.2.3. Practice: Positive Externalities1 min

15. Gains from Trade

46min

15.1.1. Absolute and Comparative Advantage11 min

15.1.2. Example: Absolute and Comparative Advantage7 min

15.1.3. Practice: Absolute and Comparative Advantage3 min

15.2.1. Gains from Trade8 min

15.2.2. Example: Gains from Trade4 min

15.2.3. Example: Consumption (Trading) Possibility Curve7 min

15.2.4. Practice: Gains from Trade5 min

16. International Trade (Exports and Imports)

43min

16.1.1. Exports9 min

16.1.2. Practice: Exports55 sec

16.2.1. Imports with Free Trade8 min

16.2.2. Imports with Tariff9 min

16.2.3. Example: Tariff10 min

16.2.4. Practice: Tariff1 min

16.3.1. Pros and Cons of Trade5 min

16.3.2. Practice: Pros and Cons of Trade

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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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ECON 201

Course Overview

Grade Boosters

1. Economic Concepts

2. Demand and Supply

3. Elasticity

4. Government Interventions in Markets

5. Efficiency

6. Theory of Consumer Choice

7. Production and Costs

8. Firms in Competitive Markets (Perfect Competition)

9. Monopoly

10. Monopolistic Competition

11. Oligopoly

12. Public Goods and Common Resources

13. Asymmetric Information and Financial Markets

14. Externalities/Market Failures

15. Gains from Trade

16. International Trade (Exports and Imports)

I Welcome

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Anonymous

Anonymous

Alexandros V

Tennyson T

omar s

Gala D

Welcome to Microeconomics!