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  • Supply, Demand and Market Equilibrium

    • Law of demand | Supply, demand, and market equilibrium Page
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    • Change in expected future prices and demand Page
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    • Price of related products and demand Page
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    • Changes in Income, Population, or Preferences Page
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    • Normal and inferior goods | Supply, demand, and market equilibrium Page
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    • Inferior goods clarificationx Page
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    • Law of supply Page
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    • Factors affecting supply Page
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    • Long term supply curve Page
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    • Market equilibrium Page
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    • Changes in Market Equilibrium Page
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    • Supply, Demand and Market Equilibrium Quiz
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  • Elasticity

    • More on elasticity of demand Page
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    • Perfect inelasticity and perfect elasticity of demand Page
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    • Constant unit elasticity | Elasticity Page
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    • Total revenue and elasticity Page
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    • More on total revenue and elasticity Page
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    • Cross elasticity of demand | Elasticity Page
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    • Elasticity of supply Page
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    • Elasticity and strange percent changes Page
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    • Elasticity Quiz
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  • Consumer and Product Surplus

    • Consumer surplus introduction Page
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    • Total consumer surplus as area Page
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    • Producer surplus Page
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    • Rent Control and Deadweight Loss Page
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    • Minimum wage and price floors Page
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    • Taxation and dead weight loss Page
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    • Percentage tax on hamburgers Page
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    • Taxes and perfectly inelastic demand Page
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    • Taxes and Perfectly Elastic Demand Page
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    • Negative externalities Page
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    • Taxes for factoring in negative externalities Page
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    • Positive externalities Page
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    • Tragedy of the commons Page
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  • Scarcity, Preferences and Opportunity Cost

    • Opportunity Cost Page
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    • Increasing opportunity cost Page
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    • Allocative efficiency and marginal benefit Page
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    • Economic growth through investment Page
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    • Comparative advantage specialization and gains from trade Page
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    • Comparative advantage and absolute advantage Page
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    • Marginal Utility Page
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    • Equalizing Marginal Utility per Dollar Spent Page
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    • Deriving demand curve from tweaking marginal utility per dollar Page
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    • Budget Line Page
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    • Indifference curves and marginal rate of substitution Page
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    • Optimal point on budget line Page
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    • Types of indifference curves Page
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  • Product Decisions and Economic Profit

    • Depreciation and opportunity cost of capital Page
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    • Marginal cost and average total cost Page
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    • Marginal Revenue and Marginal Cost Page
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    • Marginal revenue below average total cost Page
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    • Long term supply curve and economic profit Page
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    • Fixed, Variable, and Marginal Cost Page
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    • Visualizing average costs and marginal costs as slope Page
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    • A firm's marginal product revenue curve Page
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    • How many people to hire given the MPR curve Page
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    • Adding demand curves Page
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    • Price discrimination Page
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  • Competition

    • Monopoly basics Page
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    • Monopolist optimizing price: Total revenue Page
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    • Monopolist optimizing price: Marginal revenue Page
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    • Monopolist optimizing price: Dead weight loss Page
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    • Optional calculus proof to show that MR has twice slope of demand Page
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    • Review of revenue and cost graphs for a monopoly Page
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    • Oligopolies and monopolistic competition Page
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    • Monopolistic competition and economic profit Page
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    • Oligopolies, duopolies, collusion, and cartels Page
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  • Game Theory and Nash Equilibrium

    • Prisoners' dilemma and Nash equilibrium Page
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    • More on Nash equilibrium Page
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    • Why parties to cartels cheat Page
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    • Game theory of cheating firms Page
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    • Circular flow of income and expenditures Page
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