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Microeconomics and Macroeconomics - Khan Academy

Microeconomics and Macroeconomics - Khan Academy

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Topics covered in an traditional college level introductory microeconomics and macroeconomics course

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Tradeoffs for a hunter gatherer and the production possibilities frontier. Ceteris Paribus More free lessons at: http://www.khanacademy.org/video?v=_7VHf

Opportunity cost (and marginal cost) based on the PPF More free lessons at: http://www.khanacademy.org/video?v=pkEiH

Why the opportunity cost may increase as you pursue more rabbits More free lessons at: http://www.khanacademy.org/video?v=00fgA

Marginal Utility and maximization More free lessons at: http://www.khanacademy.org/video?v=MT4ak

How investing for capital formation can expand the production possibilities frontier (PPF) More free lessons at: http://www.khanacademy.org/video?v=a9aUM

How two parties can get better outcomes by specializing in their comparative advantage and trading More free lessons at: http://www.khanacademy.org/video?v=xx9xN

Showing that a party benefits from trade as long as there is a comparative advantage (and not necessarily an absolute advantage) More free lessons at: http://www.khanacademy.org/video?v=xN3UV

Example of the law of demand More free lessons at: http://www.khanacademy.org/video?v=ShzPt

How changes in the price of related goods can shift demand More free lessons at: http://www.khanacademy.org/video?v=-oClp

How demand can be effected by changes in income, population or preferences More free lessons at: http://www.khanacademy.org/video?v=do1HD

How the demand for some goods could actually go down if incomes go up More free lessons at: http://www.khanacademy.org/video?v=wYuAw

More clarification on inferior and normal goods More free lessons at: http://www.khanacademy.org/video?v=TAhRo

Introduction to the Law of Supply More free lessons at: http://www.khanacademy.org/video?v=3xCzh

How the price of inputs, price of related goods, number of suppliers technology, and expected future prices affects the supply curve More free lessons at: http://www.khanacademy.org/video?v=0isM0 ...

Equilibrium price and quantity for supply and demand More free lessons at: http://www.khanacademy.org/video?v=PEMkf

How the equilibrium price or quantity might change due to changes in supply or demand More free lessons at: http://www.khanacademy.org/video?v=NgPqy

Introduction to price elasticity of demand More free lessons at: http://www.khanacademy.org/video?v=slP8X

Looking a bit deeper at why elasticity changes despite having a linear demand curve More free lessons at: http://www.khanacademy.org/video?v=YOT8r

Extreme examples of price elasticity of demand More free lessons at: http://www.khanacademy.org/video?v=6udRt

What a demand curve with constant unit elasticity would look like More free lessons at: http://www.khanacademy.org/video?v=m7qXv

Thinking about how total revenue and elasticity are related More free lessons at: http://www.khanacademy.org/video?v=Udltk

Clarification on the relationship between total revenue and elasticity More free lessons at: http://www.khanacademy.org/video?v=KgrLU

Price of one good effecting quantity demanded of another More free lessons at: http://www.khanacademy.org/video?v=Ngv0B

Thinking about elasticity of supply More free lessons at: http://www.khanacademy.org/video?v=AAWsu

Why we calculate percent changes in a strange way when calculating elasticities More free lessons at: http://www.khanacademy.org/video?v=fUxSB

Thinking about a demand curve in terms of quantity driving price More free lessons at: http://www.khanacademy.org/video?v=Krkbb

Consumer surplus as difference between marginal benefit and price paid More free lessons at: http://www.khanacademy.org/video?v=_6kwh

Looking at consumer surplus as area between the demand curve and the market price More free lessons at: http://www.khanacademy.org/video?v=RBUBI

Looking at the supply curve as an opportunity cost curve. Understanding the producer surplus as the area between the supply curve and the market price More free lessons at: http://www.khanacademy.or ...

How instituting a price ceiling lower than the equilibrium price reduces the total surplus (dead weight loss)

How a minimum wage might effect the labor market More free lessons at: http://www.khanacademy.org/video?v=j0c2v

The effect of taxation on the equilibrium price and quantity More free lessons at: http://www.khanacademy.org/video?v=NuLlN

What would happen if we have a percentage tax instead of a fixed dollar amount More free lessons at: http://www.khanacademy.org/video?v=xwOTl

Who bears the burden for the taxes when demand is inelastic More free lessons at: http://www.khanacademy.org/video?v=lsn16

Who bears the burden for a tax on a good with perfectly elastic demand More free lessons at: http://www.khanacademy.org/video?v=z1yJP

Marginal utility and marginal benefit. How you would spend $5 on chocolate and fruit More free lessons at: http://www.khanacademy.org/video?v=Kf9Kh

Why the marginal utility for dollar spent should be theoritically equal for the last increment of either good purchased More free lessons at: http://www.khanacademy.org/video?v=KbW6O

Seeing what happens to quantity demanded when price changes More free lessons at: http://www.khanacademy.org/video?v=4-_-w

What I can buy with my income More free lessons at: http://www.khanacademy.org/video?v=Uq5Wz

Using indifference curves to think about the point on the budget line that maximizes total utility More free lessons at: http://www.khanacademy.org/video?v=nhSSu

Indifference curves for normal goods, substitutes and perfect complements More free lessons at: http://www.khanacademy.org/video?v=kJ43G

Difference between a firm's accounting and economic profit More free lessons at: http://www.khanacademy.org/video?v=06j_z

How to account for things when you own the building instead of renting it More free lessons at: http://www.khanacademy.org/video?v=ckBKD

Thinking about average fixed, variable and marginal cost More free lessons at: http://www.khanacademy.org/video?v=bBQVa

Graphing variable cost, fixed cost and total cost More free lessons at: http://www.khanacademy.org/video?v=k1iHD

Looking at marginal and average total cost in the context of a juice business More free lessons at: http://www.khanacademy.org/video?v=7t8gd

Thinking about a rational quantity of juice to produce More free lessons at: http://www.khanacademy.org/video?v=xGkE0

Why it is rational to produce at a loss More free lessons at: http://www.khanacademy.org/video?v=ni0TL

Understanding the long term supply curve in terms of economic profit More free lessons at: http://www.khanacademy.org/video?v=CWiHA

Conditions for perfect competition. Looking at the airline industry More free lessons at: http://www.khanacademy.org/video?v=_NznT

Thinking about what would happen with one airline. The opposite of perfect competition More free lessons at: http://www.khanacademy.org/video?v=77CAp

Starting to think about how a monopolist would rationally optimize profits More free lessons at: http://www.khanacademy.org/video?v=cczAB

Plotting the marginal revenue curve for a monopolist More free lessons at: http://www.khanacademy.org/video?v=s1UQQ

Showing that what is optimal for the monopolist is not optimal for society More free lessons at: http://www.khanacademy.org/video?v=daxL1

Using some basic calculus to show that marginal revenue has twice the slope of the demand curve for a monopolist More free lessons at: http://www.khanacademy.org/video?v=atI4Q

Review of marginal revenue (MR), total revenue (TR), marginal cost (MC) and average total cost (ATC) for a monopoly

Thinking about different markets that are in-between monopolies and perfect competition More free lessons at: http://www.khanacademy.org/video?v=PzDth

Why it is hard for a monopolisitc competitor to make economic profit in the long run More free lessons at: http://www.khanacademy.org/video?v=RUVsE

Thinking about when oligopolies behave more like monopolies or perfect competitors More free lessons at: http://www.khanacademy.org/video?v=N0L00

Why two not-so-loyal criminals would want to snitch each other out More free lessons at: http://www.khanacademy.org/video?v=UkXI-

Looking more closely at the definition of Nash Equilibrium More free lessons at: http://www.khanacademy.org/video?v=ewu_7

Why duopolists would benefit to form a cartel and why it makes sense for them to cheat More free lessons at: http://www.khanacademy.org/video?v=S6TvR

Pareto Optimality and more on Nash Equilibrium. Seeing how cheating duopolists parallels the prisoners dilemma More free lessons at: http://www.khanacademy.org/video?v=XTMbR

Taking negative externalities into account when thinking about the optimal equilibrium price and quantity More free lessons at: http://www.khanacademy.org/video?v=nBw6K

How to factor in negative externalities through taxation More free lessons at: http://www.khanacademy.org/video?v=UYShe

Factoring in external benefits More free lessons at: http://www.khanacademy.org/video?v=TSTLL

How public resources can be abused More free lessons at: http://www.khanacademy.org/video?v=0b2Tl

Charging different consumers different amounts in an attempt to optimize economic profit More free lessons at: http://www.khanacademy.org/video?v=z0wg9

Thinking about how much incremental benefit a firm gets from hiring one more person More free lessons at: http://www.khanacademy.org/video?v=cwCln

Thinking about how many people it makes sense to hire. Brief discussion of a monopsony. More free lessons at: http://www.khanacademy.org/video?v=p8PSI

How to add demand curves More free lessons at: http://www.khanacademy.org/video?v=gHs3z

Understanding the flow of resources in the simplest possible economy More free lessons at: http://www.khanacademy.org/video?v=Hfz1b

Understanding what GDP does and doesn't measure. More free lessons at: http://www.khanacademy.org/video?v=zh8XA

What happens when a good is not finished in a period More free lessons at: http://www.khanacademy.org/video?v=C1pHv

Difference between every day and economic notions of investment and consumption More free lessons at: http://www.khanacademy.org/video?v=N9VIs

Looking at a simple model of an economy More free lessons at: http://www.khanacademy.org/video?v=Z9b8n

Understanding the components of the expenditure view of GDP. Consumption, investment, government spending and net exports More free lessons at: http://www.khanacademy.org/video?v=Rgr1v

Thinking about how different types of expenditures would be accounted for in GDP More free lessons at: http://www.khanacademy.org/video?v=BMNj7

Using real GDP as a measure of actual productivity growth More free lessons at: http://www.khanacademy.org/video?v=lBDT2

Relationship between the GDP deflator, nominal GDP and real GDP More free lessons at: http://www.khanacademy.org/video?v=L-0Lu

Simple example of calculating Real GDP from Nominal GDP More free lessons at: http://www.khanacademy.org/video?v=v5YT8

Basics of price inflation and the CPI (consumer price index) More free lessons at: http://www.khanacademy.org/video?v=AaR1m

Exploring the actual weightings for the CPI-U basket of goods More free lessons at: http://www.khanacademy.org/video?v=-JTw7

The observation that inflation and unemployment tend to be inversely correlated More free lessons at: http://www.khanacademy.org/video?v=v7ZWT

Thinking about interest as the price of money. Looking at money from a supply and demand perspective More free lessons at: http://www.khanacademy.org/video?v=Lru0v

Examples showing how various factors can affect interest rates More free lessons at: http://www.khanacademy.org/video?v=vItRH

The business cycle and how it may be driven by emotion More free lessons at: http://www.khanacademy.org/video?v=TXrOp

Understanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward sloping More free lessons at: http://www.khan ...

Factors that might shift aggregate demand More free lessons at: http://www.khanacademy.org/video?v=scN-1

Thinking about why aggregate supply may not be influenced by prices in the long-run More free lessons at: http://www.khanacademy.org/video?v=8W0iZ

Justifications for the aggregate supply curve to be upward sloping in the short-run More free lessons at: http://www.khanacademy.org/video?v=3nbal

Thinking about whether inflation in the late 1960s is consistent with the AD-AS model More free lessons at: http://www.khanacademy.org/video?v=HdqbC

Thinking about how high utilization could drive price as another justification for an upward sloping short-run aggregate supply curve More free lessons at: http://www.khanacademy.org/video?v=XsD7m ...

How an oil shock can slow the economy while causing inflation More free lessons at: http://www.khanacademy.org/video?v=3A-nA

Basic mechanics of monetary and fiscal policy More free lessons at: http://www.khanacademy.org/video?v=ntxMO

How government can effect aggregate demand through tax policy More free lessons at: http://www.khanacademy.org/video?v=BRXBC

Where the dollars at the pump go More free lessons at: http://www.khanacademy.org/video?v=1YYy0

Thinking about what moves oil prices More free lessons at: http://www.khanacademy.org/video?v=Zxtlc

Contrasting Keynesian and Classical Thinking More free lessons at: http://www.khanacademy.org/video?v=hPkh8

Why Keynesian thinking might not be ideal sometimes More free lessons at: http://www.khanacademy.org/video?v=EVSkf


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