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Chris Sorensen & Ammul Shergill

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Michael Hartl

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Jared P. Lander

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Need help with supply and demand, market structures, or elasticity? Complex ideas in microeconomics become clear with guided explanations and examples.

Brian Krogol

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Tyler Damm

0. Basic Principles of Economics

1. Reading and Understanding Graphs

2. Introductory Economic Models

3. The Market Forces of Supply and Demand

4. Elasticity

5. Consumer and Producer Surplus; Price Ceilings and Floors

6. Introduction to Taxes and Subsidies

7. Externalities

8. The Types of Goods

9. International Trade

10. The Costs of Production

11. Perfect Competition

12. Monopoly

13. Monopolistic Competition

14. Oligopoly

15. Markets for the Factors of Production

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Microeconomics I: Theory of Consumer Behavior and Demand – Study Notes

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Introduction to Economics

People Are Rational

Scarcity and Choice

Microeconomics vs. Macroeconomics

Budget Constraint

Indifference Curves

Indifference Curves for Perfect Substitutes and Perfect Complements

Consumer Optimum Consumption: Budget Constraint and Indifference Curves

Consumer Optimum Consumption: Marginal Utility per Dollar Spent

Percentage and Decimal Review

The Demand Curve

Percentage Change and Price Elasticity of Demand

Determinants of Price Elasticity of Demand

Cross-Price Elasticity of Demand

Income Elasticity of Demand