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Microeconomics Chapter 1: Foundations and Models – Study Notes
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Introduction to Economics
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00:16
Hello!
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People Are Rational
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01:32
People Are Rational
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People Respond to Incentives
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01:40
Economic Incentives
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Marginal Cost
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10:48
Marginal Cost
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Marginal Analysis
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09:36
Marginal Analysis
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Positive and Normative Analysis
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02:48
Identifying Statements
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04:35
Positive Statements vs. Normative Statements
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Microeconomics vs. Macroeconomics
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02:16
Definition of Economics:Micro vs. Macro
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Allocative Efficiency, Productive Efficiency, and Equality
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01:17
Equality
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04:04
Efficiency and Productive Efficiency
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02:23
Allocative Efficiency
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Graphing Review
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02:36
Calculating Area of a Rectangle on Graph
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03:25
Calculating Slope of a Curve:Arc Method
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03:02
Interpreting Graphs (Part Two)
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