Microeconomics: Learn The Essential Diagrams

Master the 16 Essential Microeconomic Diagrams.

This course is a direct result of feedback from students like you—thank you for being part of this journey and for making my Economics courses the highest-grossing on Udemy!

This Essential Diagrams Series is designed for two types of learners:

1. Students aiming to master the 16 essential diagrams taught in nearly every introductory Microeconomics course.

2. Teachers and students who want a clear understanding of how we represent human behavior through economic diagrams.

If either of these sounds like you, this course is exactly what you need.

This course focuses on the 16 core diagrams of Microeconomics, rooted in foundational theories like Supply, Demand, Elasticity, Government Intervention, and Market Failure. These diagrams explain real-world phenomena—why governments tax certain goods, subsidize industries, or tackle market inefficiencies like pollution or unhealthy consumption.

Here’s the breakdown:

• Demand and Supply Diagram: The Rule of 11

• Market Equilibrium: Market and Allocative Efficiency

• Elasticity: Price Elasticity of Demand Diagram

• Government Intervention:

  • Indirect Tax Diagram

  • Per-Unit Subsidy Diagram

  • Price Ceiling Diagram

  • Price Floor Diagram

• Market Failure:

  • Base Diagram

  • Negative Externality of Consumption Diagram & Solutions

  • Negative Externality of Production Diagram & Solutions

  • Positive Externality of Consumption Diagram & Solutions

  • Positive Externality of Production Diagram & Solutions

Important: If you’re looking for a comprehensive Microeconomics course, this isn’t it! For a full Microeconomics experience, check out my Microeconomics: A Complete Economics Course for Everyone

A Weekly Bonus

As part of this course, you’ll receive a subscription to my weekly newsletter, Just One Thing. Each Monday, you’ll get a two-minute breakdown of one essential economic concept, delivered straight to your inbox. It’s a quick and stress-free way to expand your understanding of economics, one idea at a time.

I’m Brad, a former Peace Corps Volunteer and Duke University graduate who’s had the privilege of traveling to over 58 countries. These experiences shape how I teach, connecting economic theories to real-world behaviors and challenges.

I can’t wait to guide you through these 16 essential diagrams.

I hope to see you in the first lesson.