Introduction to Economics
Scarcity and Choice
People Are Rational
Marginal Analysis
People Respond to Incentives
Positive and Normative Analysis
Graphing Review
Graphs of Two Variables
Relationships between Variables
Interpreting Graphs, Correlation, Causation, and Omitted Variables
Slope of Linear Graphs
Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency
PPF - Outward Shifts
Circular Flow Diagram
Competitive Markets
The Demand Curve
Shifts in the Demand Curve
Movement Along a Demand Curve
The Supply Curve
Shifts in the Supply Curve
Movement Along a Supply Curve
Market Equilibrium
Using the Supply and Demand Curves to Find Equilibrium
Effects of Surplus
Effects of Shortage
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