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CV
Here is a set of links to my
YouTube videos
that go with
my self-published textbook
. I hope you will find these resources useful in learning microeconomics.
Microeconomics Basics
Moving versus shifting demand curves
Graphing a Linear Demand Curve
Algebra of Supply and Demand
Why Taxes and Producers and Taxes on Consumers Have the Same Effect
Normative vs. Positive (The Wide Scope of Economics)
Basics of Elasticities
Inelastic Means Paying More Taxes
Marginal Benefit Equals Marginal Cost
Consumer Surplus and Producer Surplus
Deadweight Loss and The Efficiency Criterion
International Trade and Efficiency
Price Ceilings and Price Floors
Externalities and Welfare
Negative Externalities: When Bystanders Say Ouch
Externalities and The Coase Theorem
Foundations of Consumer Behavior
Introduction to Preferences
Drawing Indifference Curves with Bads
Marginal Rate of Substitution and Marginal Utility
*Marginal Rate of Substitution and Marginal Utility (with Calculus)
*Computing Marginal Rate of Substitution (an example)
*Marginal Rate of Substitution and Monotonic Transformations of Utility
Budget Constraints and Utility Maximization
The Labor-Leisure Problem
Indifference Curves and Portfolio Choice
An Example of Indifference Curve Analysis
Where do demand curves come from?
*Deriving Demand using Calculus
*Cobb-Douglas Utility and Demand
*Quasilinear Utility and Demand
Income and Substitution Effects
The Giffen Good (When Demand Slopes Upward)
*The Slutsky Equation and Demand Curves
Why Diminishing Marginal Utility Does NOT Mean Downward Sloping Demand
*Budget Constraint Elasticities (Calculus-Based)
Compensating Variation and Equivalent Variation
*More on CV and EV
Production and Costs
Marginal Benefit Equals Marginal Cost
Mapping Consumer Theory to Producer Theory
Short Run Production, Marginal and Average Product
Short Run Cost Curves from Short Run Production
Price-taking firms, supply and marginal cost
Industry supply, and the role of entry and exit
Adding Demand and Supply Curves Horizontally
Relating short run and long run cost curves
*Cost Minimization, Production and Lagrangians
Monopoly and Imperfect Competition
Monopoly Basics
*Marginal Revenue for a Monopolist Facing Linear Demand
The Deadweight Loss of Monopoly
*Monopoly on the Elastic Portion of Demand
Intuition for Monopoly and Elasticity
Introduction to Price Discrimination (First Degree Price Discrimination)
Second Degree Price Discrimination
Third Degree Price Discrimination
Cournot, Bertrand and Stackelberg Competition
*Cournot Competition
*Bertrand Competition
Questions and Answers
Intuition for the Law of Demand
Sunk Costs
Why Set Price Equal to Marginal Cost? (if you're a price taker)
Why Firms Should Produce if Price Exceeds AVC
Finding the Minimum of AC and AVC: An Example
Cost Concepts
Working with Demand Examples
An Income Elasticity Example
Other Economics Videos
*The Envelope Theorem (Part I)
: Proof and start of applications
*The Envelope Theorem (Part II)
: Applications
Externalities and Welfare
Negative Externalities: When Bystanders Say Ouch
.
Externalities and The Coase Theorem
The Coase Theorem in the Edgeworth Box
Introduction to Game Theory
Extensive Form Games and Backward Induction
Budget Constraints in an Endowment Economy
Introduction to Edgeworth Box Economies
Pareto Efficiency and the Edgeworth Box
The Coase Theorem in the Edgeworth Box
Probability and Statistics
Regression 1: Slope and Intercept
Regression 2: Correlation and Regression
Regression 3: Sums of Squares and R-squared
ANOVA
Probability Concepts and Axioms
Random Variables and Random Vectors
Distributions and Densities
Expectation and Variance of a Random Variable
Joint, Marginal and Conditional Distributions
Some Useful Properties of Covariance
Iterated Expectations
Sampling Distribution of the Sample Mean
Why is Correlation Less than One?
The Weak Law of Large Numbers
Applying the Continuous Mapping Theorem
Simple Linear Regression. Population First Approach
.
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