Basic Economic Ideas and Resource Allocation

You are not currently logged in. Please create an account or log in to view the full course.

Classic View

Scarcity, Choice and Opportunity Cost

The Factors of Production

Resource Allocation in Different Economic Systems and Issues of Transition

Production Possibility Curves

Money

Classification of Goods and Services

Efficient Resource Allocation

Externalities and Market Failure

Social Costs and Benefits; Cost-Benefit Analysis

Scarcity, Choice and Opportunity Cost

MICRO – HOW ECONOMISTS THINK

What is Economics?

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 – 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

The Factors of Production

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

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

Dr Simon Halliday, Bristol University

Resource Allocation in Different Economic Systems and Issues of Transition

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University

Production Possibility Curves

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

Money

MACRO – FINANCIAL MARKETS AND THE FINANCIAL SYSTEM

What is Money?

Prof. Sir John Kay, University of Oxford

Classification of Goods and Services

MICRO – HOW ECONOMISTS THINK

Public Goods and Collective Action

Prof. Avinash Dixit, Princeton University

MICRO – MARKET FAILURE

Public Goods

Dr Maria Cubel, Bath University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

Wants, Needs, and Types of Goods

Dr Simon Halliday, Bristol University

Efficient Resource Allocation

MICRO – MARKET FAILURE

When do markets work?

Dr Maria Cubel, Bath University

Externalities and Market Failure

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

Merit and Demerit Goods

Dr Maria Cubel, Bath 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 - GOVERNMENT INTERVENTION IN MARKETS

Market Failure and the Efficiency Case for State Intervention

Dr Toke Aidt, University of Cambridge

Social Costs and Benefits; Cost-Benefit Analysis

MICRO – MARKET FAILURE

Merit and Demerit Goods

Dr Maria Cubel, Bath University

Contents

Scarcity, Choice and Opportunity Cost

The Factors of Production

Resource Allocation in Different Economic Systems and Issues of Transition

Production Possibility Curves

Money

Classification of Goods and Services

Efficient Resource Allocation

Externalities and Market Failure

Social Costs and Benefits; Cost-Benefit Analysis