Módulos (18) Resources ()
supply, demand, and taxes
Module 1: Supply, Demand, and EquilibriumResources availableIn this module, you will first explore how people respond to changes in price and discover the relationship between price and quantity supplied. Next, learn how prices reach equilibrium. Then, learn about horizontal and vertical methods for reading the demand curve, how demand curves shift, and consumer surplus. Then, explore important factors that shift the demand curve as well as the supply curve. Lastly, this module will present a case study that explores the equilibrium model.
Supply, Demand, and Equilibrium: Learning OutcomesTópico Iniciar
Introduction to MicroeconomicsTópico Iniciar
The Demand CurveTópico Iniciar
The Supply CurveTópico Iniciar
The Equilibrium Price and QuantityTópico Iniciar
A Deeper Look at the Demand CurveTópico Iniciar
The Demand Curve ShiftsTópico Iniciar
A Deeper Look at the Supply CurveTópico Iniciar
The Supply Curve ShiftsTópico Iniciar
Exploring EquilibriumTópico Iniciar
Does the Equilibrium Model Work?Tópico Iniciar
Supply and Demand TerminologyTópico Iniciar
Supply, Demand, and Equilibrium: Lesson SummaryTópico Iniciar
Module 2: Elasticity and Its ApplicationsResources availableIn this module, learn about determinants of elasticity, the midpoint formula, and how to calculate the elasticity of supply. Then, explore the history of the Sudan civil war and how elasticity relates to the slave redemption. Lastly, learn about how elasticity relates to other scenarios, such as gun buyback programs in the U.S.
Elasticity and Its Applications: Learning OutcomesTópico Iniciar
Elasticity of DemandTópico Iniciar
Office Hours: Elasticity of DemandTópico Iniciar
Calculating the Elasticity of DemandTópico Iniciar
Elasticity of SupplyTópico Iniciar
Elasticity and Slave RedemptionTópico Iniciar
Applications Using ElasticityTópico Iniciar
Elasticity and Its Applications: Lesson SummaryTópico Iniciar
Module 3: Taxes and SubsidiesResources availableIn this module, you will first learn about taxes, tax revenue, and subsidies. Then, learn about who really pays taxes – buyers or sellers? This will be introduced in conjunction with the notion of social security and health insurance taxes. Then, gain an understanding of why taxes exist and how taxes relate to surplus and deadweight. Lastly, learn about subsidies, such as wage subsidies and minimum wage.
Taxes and Subsidies: Learning OutcomesTópico Iniciar
Commodity TaxesTópico Iniciar
Who Pays the TaxTópico Iniciar
Tax Revenue and Deadweight LossTópico Iniciar
Wage SubsidiesTópico Iniciar
Taxes and Subsidies: Lesson SummaryTópico Iniciar
price and trade
Module 4: The Price SystemResources availableIn this module, learn about the price system and how people with dispersed knowledge and information help to coordinate global economic activity. Then, learn how markets link the world and how we should approach limited resources. Next, learn about how prices provide information and incentives and signals. Lastly, learn about speculation and futures and the effect they have on prices.
The Price System: Learning OutcomesTópico Iniciar
I, RoseTópico Iniciar
A Price is a Signal Wrapped up in an IncentiveTópico Iniciar
Markets Link the WorldTópico Iniciar
The Great Economic ProblemTópico Iniciar
Information and IncentivesTópico Iniciar
Prediction MarketsTópico Iniciar
The Price System: Lesson SummaryTópico Iniciar
Module 5: Price Ceilings and Price FloorsResources availableIn this module, learn about price ceilings and price floors. Learn how price ceilings create shortages, such as in the oil crisis of the 1970s. Then, learn what the unintended consequences of price ceilings are. Following lessons on price ceilings, you will learn about price floors, such as minimum wage. Lastly, you will learn about how price controls relate to communism.
Price Ceilings and Price Floors: Learning OutcomesTópico Iniciar
Price CeilingsTópico Iniciar
Price Ceilings: Shortages and Quality ReductionTópico Iniciar
Price Ceilings: Lines and Search CostsTópico Iniciar
Price Ceilings: Deadweight LossTópico Iniciar
Price Ceilings: Misallocation of ResourcesTópico Iniciar
Price Ceilings: Rent ControlsTópico Iniciar
Price Floors: The Minimum WageTópico Iniciar
Price Floors: Airline FaresTópico Iniciar
Why Do Governments Enact Price Controls?Tópico Iniciar
Price Controls and CommunismTópico Iniciar
Price Ceilings and Price Floors: Lesson SummaryTópico Iniciar
Module 6: TradeResources availableIn this module, you will learn about specialization and division of knowledge and how this relates to trade. Then, you will learn about comparative advantage. Following this, learn about the costs and consequences of tariffs, quotas, and protectionism. Lastly, learn the common arguments against international trade.
Trade: Learning OutcomesTópico Iniciar
The Big Ideas of TradeTópico Iniciar
Comparative AdvantageTópico Iniciar
Another Look at Comparative AdvantageTópico Iniciar
Comparative Advantage HomeworkTópico Iniciar
Tariffs and ProtectionismTópico Iniciar
Arguments Against International TradeTópico Iniciar
Trade: Lesson SummaryTópico Iniciar
first assessment - microeconomics
Module 7: First Assessment - MicroeconomicsResources availableIn this module, you will assessed on your understanding of material in the "Supply, Demand and Taxes" "Price and Trade" modules.
First Assessment - MicroeconomicsStart Assessment
Module 8: ExternalitiesResources availableIn this module, learn about externalities and their costs. Learn about private, external, and social costs. Then, learn about the effects of Pigouvian taxes. Lastly, learn about command and control and the coase theorem.
Externalities: Learning OutcomesTópico Iniciar
An Introduction to ExternalitiesTópico Iniciar
External BenefitsTópico Iniciar
Command and Control SolutionsTópico Iniciar
The Coase TheoremTópico Iniciar
Trading PollutionTópico Iniciar
A Deeper Look at Tradeable AllowancesTópico Iniciar
Externalities: Lesson SummaryTópico Iniciar
Module 9: Costs and Profit Maximization Under CompetitionResources availableIn this module, learn how companies maximize profits in a competitive marketplace. Then, learn about who really controls the prices of goods and services. Lastly, learn about profit: learn how to calculate total revenue, how to predict profit, and how to minimize losses.
Costs and Profit Maximization Under Competition: Learning OutcomesTópico Iniciar
Introduction to the Competitive FirmTópico Iniciar
Maximizing Profit Under CompetitionTópico Iniciar
Maximizing Profit and the Average Cost CurveTópico Iniciar
Entry, Exit, and Supply Curves: Increasing CostsTópico Iniciar
Entry, Exit, and Supply Curves: Constant CostsTópico Iniciar
Entry, Exit, and Supply Curves: Decreasing CostsTópico Iniciar
Costs and Profit Maximization Under Competition: Lesson SummaryTópico Iniciar
Module 10: Competition and the Invisible HandResources availableIn the module, you will be introduced to the concept of the Invisible Hand. Learn about balancing production with costs. Then, learn about the processes of creative destruction and the elimination principle, two processes that form the competitive marketplace.
Competition and the Invisible Hand: Learning OutcomesTópico Iniciar
Minimization of Total Industry Costs of ProductionTópico Iniciar
The Balance of Industries and Creative DestructionTópico Iniciar
Competition and the Invisible Hand: Lesson SummaryTópico Iniciar
Module 11: MonopolyResources availableIn this module, you will learn about monopolies, in particular you will learn about monopolies in the pharmaceutical industry. Learn about the costs and benefits of monopolies. Then, explore the possible results of the elimination of parents in industries with high R&D costs: will this result in less innovation?
Monopoly: Learning OutcomesTópico Iniciar
Maximizing Profit Under MonopolyTópico Iniciar
Office Hours: Calculating Monopoly ProfitTópico Iniciar
The Monopoly MarkupTópico Iniciar
The Costs and Benefits of MonopolyTópico Iniciar
Monopoly: Lesson SummaryTópico Iniciar
Module 12: Price DiscriminationResources availableIn this module, you will be introduced to the concept of price discrimination. Take part in a discussion whether or not price discrimination is good for society, depending on the output. Then, learn about tying and bundling. Decide whether these processes are forms of price discrimination and whether they are good or bad for social welfare.
Price Discrimination: Learning OutcomesTópico Iniciar
Introduction to Price DiscriminationTópico Iniciar
The Social Welfare of Price DiscriminationTópico Iniciar
Price Discrimination: Lesson SummaryTópico Iniciar
Module 13: Labor MarketsResources availableIn this module, learn about the marginal product of labor. All of your questions about wages and labor unions will be answered. Learn how to derive the demand for labor based on the marginal product of labor. Furthermore, learn about the value of education and the signals an education creates. In addition, learn about the concept of human capital.
Labor Markets: Learning OutcomesTópico Iniciar
The Marginal Product of LaborTópico Iniciar
Econ Duel: Is Education Signaling or Skill Building?Tópico Iniciar
Human Capital and SignalingTópico Iniciar
The Tradeoff Between Fun and WagesTópico Iniciar
Compensating DifferentialsTópico Iniciar
Do Unions Raise Wages?Tópico Iniciar
Labor Markets: Lesson SummaryTópico Iniciar
Module 14: Public Good and the Tragedy of the CommonsResources availableIn this module, we will explore the concept of public goods. Learn about taxation and government provisions, and how this relates to free and forced riders. Then, learn about club goods and how profit can be made off public goods. Lastly, learn about common goods and the tragedy of the commons.
Public Goods and the Tragedy of the Commons: Learning OutcomesTópico Iniciar
Public Goods and Asteroid DefenseTópico Iniciar
A Deeper Look at Public GoodsTópico Iniciar
Club GoodsTópico Iniciar
The Tragedy of the CommonsTópico Iniciar
Public Good and the Tragedy of the Commons: Lesson SummaryTópico Iniciar
Module 15: Asymmetric InformationResources availableIn this module, you will learn about the theory of adverse selection, asymmetric information, and propitious selection. This will include discussions on asymmetrical information regards to buying cars and health insurance. You will also be introduced to the concept of moral hazard and solutions to avoiding it.
Asymmetric Information: Learning OutcomesTópico Iniciar
Asymmetric Information and Used CarsTópico Iniciar
Asymmetric Information in Health InsuranceTópico Iniciar
Moral HazardTópico Iniciar
Solutions to Moral HazardTópico Iniciar
Asymmetric Information: Lesson SummaryTópico Iniciar
Module 16: Consumer ChoiceResources availableIn this module, learn about consumption, utility, and substitution. Understand how much value you receive from a good or service and at what point that this value begins to diminish. Additionally, understand the meaning of a budget line and an indifference curve and how you can combine these to get maximum utility.
Consumer Choice: Learning OutcomesTópico Iniciar
Introduction to Consumer ChoiceTópico Iniciar
Budget ConstraintsTópico Iniciar
Indifference CurvesTópico Iniciar
Consumer OptimizationTópico Iniciar
Consumer Choice: Lesson SummaryTópico Iniciar
second assessment - microeconomics
Module 17: Second Assessment - MicroeconomicsResources availableIn this module, you will assessed on your understanding of material in the Competition and the Consumer modules.
Second Assessment - MicroeconomicsStart Assessment
course assessment: Diploma de Economia: microeconômico
Course assessmentResources available