What you'll learn

Course content

2 sections • 17 lectures • 3h 33m total length

Interdependence and Gains from Trade11:16
Interdependence and Gains from Trade
A Closer Look at Demand13:48
A Closer Look at Supply and the Market Equilibrium12:16
The Market Forces of Supply and Demand
Elasticity and Its Application (Part 1)10:57
Learn elasticity and its applications, including determinants of price elasticity of demand, how price changes affect demand and revenue, and the midpoint method for calculation.
Elasticity and Its Application (Part 2)9:41
Elasticity and Its Application
Supply, Demand, and Government Policies15:25
Supply, Demand, and Government Policies
The Consumer and Producer Surplus8:10
The Dead Weight Loss and Taxation13:30
Consumers, Producers and the Efficiency of Markets
Externalities11:19
Externalities create market inefficiencies and motivate policy responses. The lecture compares command-and-control regulation with market-based taxes and subsidies, plus private solutions and the Coase theorem, highlighting transaction costs.
Externalities
Public Goods and Common Resources7:21
Public Goods and Common Resources
The Costs of Production17:52
The Costs of Production
Firms in Competitive Markets17:45
Firms in Competitive Markets
Monopoly19:32
Monopoly
16_Monopolistic Competition12:20
Monopolistic Competition
Oligopoly17:43
Oligopoly

Learn the principles of microeconomics with James DeNicco. He will introduce you to the following terms: