AP Microeconomics - Economics

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Classic View

Basic Economic Concepts

Supply and Demand

Factor Markets

Market Failure and the Role of Government

Basic Economic Concepts

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Supply and Demand

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Macroeconomics

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Failures of the Invisible Hand

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Public Goods and Collective Action

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Conclusion

Prof. Avinash Dixit, Princeton University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

What is the Economic Problem?

Dr Simon Halliday, Bristol University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

Wants, Needs, and Types of Goods

Dr Simon Halliday, Bristol University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

What is Economics? And how do we think about production?

Dr Simon Halliday, Bristol University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

How do economic actors make decisions?

Dr Simon Halliday, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

What are Opportunity Costs?

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

What is a Production Possibility Curve?

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

Efficiency and the Production Possibility Curve

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

Shifts in the Production Possibility Curve

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

How we use a Production Possibility Curve to illustrate Opportunity Costs?

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

Why is a Production Possibility Curve curved?

Dr Stefania Simion, Bristol University

Supply and Demand

MICRO – SUPPLY AND DEMAND

Demand

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

The Determinants of Demand and Shifts in the Demand Curve

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Supply

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Supply and Demand

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Market Equilibrium and Welfare

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Supply and Demand in Action

Dr Patrick Gaule, Bristol University

MICRO – INDIVIDUAL ECONOMIC DECISION-MAKING

Rational Economic Decision-Making

Dr Maija Halonen-Akatwijuka, Bristol University

MICRO – INDIVIDUAL ECONOMIC DECISION-MAKING

Indifference Curves

Dr Maija Halonen-Akatwijuka, Bristol University

MICRO – INDIVIDUAL ECONOMIC DECISION-MAKING

Budget Lines

Dr Maija Halonen-Akatwijuka, Bristol University

MICRO – INDIVIDUAL ECONOMIC DECISION-MAKING

Asymmetric Information

Dr Maija Halonen-Akatwijuka, Bristol University

MICRO – INDIVIDUAL ECONOMIC DECISION-MAKING

Behavioural Economics

Dr Maija Halonen-Akatwijuka, Bristol University

MICRO – ELASTICITY

Price Elasticity of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Variations in Price Elasticities of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Price Elasticity of Demand and Revenue

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

What factors affect the Price Elasticity of Demand?

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Price Elasticity of Demand and Government Policy

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Cross-Price Elasticity of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Income Elasticity of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Price Elasticity of Supply

Prof. Subhasish Chowdhury, Sheffield University

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Market Failure and the Efficiency Case for State Intervention

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Other Reasons for State Intervention

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Taxation

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

The Deadweight Cost of Taxation and the Equity-Efficiency Trade Off

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Regulation of Externalities: Pollution Control

Dr Toke Aidt, University of Cambridge

Factor Markets

MICRO – THE LABOUR MARKET

Introduction

Dr Annika Johnson, Bristol University

MICRO – THE LABOUR MARKET

Labour Supply

Dr Annika Johnson, Bristol University

MICRO – THE LABOUR MARKET

Labour Demand

Dr Annika Johnson, Bristol University

MICRO – THE LABOUR MARKET

Labour Market Equilibrium

Dr Annika Johnson, Bristol University

MICRO – THE LABOUR MARKET

Trade Unions

Dr Annika Johnson, Bristol University

MICRO – THE LABOUR MARKET

Minimum Wages

Dr Annika Johnson, Bristol University

MICRO – THE LABOUR MARKET

Discrimination

Dr Annika Johnson, Bristol University

Market Failure and the Role of Government

MICRO – MARKET FAILURE

When do markets work?

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Public Goods

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

The Tragedy of the Commons

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Externalities

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Imperfect Competition

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Adverse Selection

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Moral Hazard

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Merit and Demerit Goods

Dr Maria Cubel, Bath University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Competition Policy

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Competition Policy in Practice

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Natural Monopolies, Public Ownership and Regulation

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Deregulation

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Competition in the Market vs. Competition for the Market

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Has Deregulation Gone Too Far?

Prof. Michael Waterson, Warwick University

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Market Failure and the Efficiency Case for State Intervention

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Other Reasons for State Intervention

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Taxation

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

The Deadweight Cost of Taxation and the Equity-Efficiency Trade Off

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Regulation of Externalities: Pollution Control

Dr Toke Aidt, University of Cambridge

MICRO – POVERTY AND INEQUALITY

The Distribution of Income and Wealth, and the Factors That Lie Behind Them

Dr Paul Segal, King's College London

MICRO – POVERTY AND INEQUALITY

The Lorenz Curve and Gini Coefficient

Dr Paul Segal, King's College London

MICRO – POVERTY AND INEQUALITY

Why Should We Study Inequality?

Dr Paul Segal, King's College London

MICRO – POVERTY AND INEQUALITY

The Difference Between Relative and Absolute Poverty

Dr Paul Segal, King's College London

MICRO – POVERTY AND INEQUALITY

The Causes and Effects of Poverty

Dr Paul Segal, King's College London

MICRO – POVERTY AND INEQUALITY

Government Policies to Alleviate Poverty

Dr Paul Segal, King's College London

Contents

Basic Economic Concepts

Supply and Demand

Factor Markets

Market Failure and the Role of Government