Complete Microeconomics Video Study Guide Content Listing

1.0 The Basics of Economics
(5 videos and 2 review sections in this chapter)

1.1 What is Economics? (Introduction)

1.2 How Income Flows - Households andFirms (2 videos)

RWE Video 1.1 Rational Economic Exchange - 2 min 45 s

Key Concept 1.1 Circular Flow of Income - 48 s

Review 1.1 Circular Flow of Income Review Questions

1.3 Opportunity Cost Versus Choice (1 video)

RWE Video 1.2 Opportunity Cost Versus Choice - Tamara Woroby - 3 min 11 s

1.4 Production Possibilities Frontier (2 videos)

RWE Video 1.3 Production Possibility Curve - 4 mins 36s

Key Concept 1.2 Production Possibilities Frontier - 62 s

1.5 Review Notes

Review 1.2 The Basics of Economics Review Questions

2.0 Market Forces - Demand
(8 videos, 3 photo galleries and 3 review sections in this chapter)

2.1 Demand Curve (5 videos)

Key Concept 2.1 Along the Demand Curve - Quantity Demanded Decrease - 10 s

Key Concept 2.2 Along the Demand Curve - Quantity Demanded Increase - 10 s

Key Concept 2.3 Law of Demand - 9 s

Key Concept 2.4 Change in Demand - Increase - 8 s

Key Concept 2.5 Change in Demand - Decrease - 8 s

Gallery 2.1 Moving Along the Demand Curve

Review 2.1 Demand Curves Review Questions

2.2 Variables That Cause Demand Curve Shifts (3 videos)

Key Concept 2.6 Increase or Decrease in Demand - 23 s

Key Concept 2.7 Number of Buyers Increases Demand - 10 s

Key Concept 2.8 Expectations Can Shift Demand - 12 s

Review 2.2 Demand Curve Shifts Review Questions

2.3 Gifffen Goods (2 videos)

RWE Video 2.1 Giffen Goods - Shailendra Gajanan - 2 min 25 s

Key Concept 2.9 Giffen Goods - 10 s

2.4 Review Notes

Gallery 2.2 Demand Curve Shifts

Gallery 2.3 Exploring Demand Curve Shifts

Review 2.3 Demand Review Questions

3.0 Market Forces - Supply
(6 videos, 1 photo gallery and 3 review sections in this chapter)

3.1 Supply Curve (4 videos)

Key Concept 3.1 Moving Along the Supply Curve - 18 s

Key Concept 3.2 Law of Supply - 12 s

Key Concept 3.3 Increase in Supply - 10 s

Key Concept 3.4 Decrease in Supply - 10 s

Review 3.1 Supply Curve Review Questions

3.2 Variables that Cause Supply Curve Shifts (2 videos)

Key Concept 3.5 Variables Shift Supply Curves - Input Prices - 12 s

Key Concept 3.6 Variables Shift Supply Curves - Technology - 12 s

Review 3.2 Supply Curve Shifts Review Questions

3.3 Review Notes

Gallery 3.1 Exploring the Supply Curve

3.3 Review Notes Supply Review Questions

4.0 Market Equilibrium
(8 videos, 3 photo galleries and 1 review section in this chapter)

4.1 Demand and Supply Changes Affect Equilibrium (7 videos)

Key Concept 4.1 Price As Control - 37 s

Key Concept 4.2 Increase or Decrease in Demand - 20 s

Key Concept 4.3 Increase or Decrease in Supply - 20 s

Key Concept 4.4 Demand Increase, Supply Increase - 30 s

Key Concept 4.5 Demand Decrease, Supply Decrease - 30 s

Key Concept 4.6 Demand Decrease, Supply Increase - 11 s

Key Concept 4.7 Demand Increase, Supply Decrease - 11 s

4.2 Case Study - Green Space and Equilibrium (1 video)

RWE Video 4.1 Opportunity Cost - David Gray - 5 min 8 s

4.3 Review Notes

Gallery 4.1 Demand and Supply Affect the Equilibrium Price

Gallery 4.2 Concurrent Demand and Supply Increases

Gallery 4.3 Concurrent Demand and Supply Decreases

Review 4.1 Market Equilibrium Review Questions

5.0 Elasticity
(14 videos, 2 photo galleries and 4 review sections in this chapter)

5.1 Introduction to Elasticity (1 video)

Key Concept 5.1Three Types of Elasticity - 53 s

5.2 Price Elasticity of Demand (4 videos)

RWE Video 5.1 Price Elasticity - Shelby Frost - 3 min 24 s

Key Concept 5.2 Consumer Behavior - Elastic Goods - 37 s

Key Concept 5.3 Consumer Behavior - Inelastic Goods - 36 s

Key Concept 5.4C onsumer Behavior - Unit Elastic Goods - 10 s

Review 5.1 Price Elasticity of Demand Review Questions

5.3 Income Elasticity of Demand (6 videos)

RWE Video 5.2Income Elasticity of Demand - Shelby Frost - 2 min 38 s

Key Concept 5.5 Income Elasticity - Normal Goods - 17 s

Key Concept 5.6 Income Elasticity - Necessary Goods - 17 s

Key Concept 5.7 Income Elasticity - Luxury Goods - 21 s

Key Concept 5.8 Income Elasticity - Inferior Goods - 15 s

RWE Video 5.3 Income Elasticity of Demand - Professor Gajanan - 3 min 45 s

Gallery 5.1 Summarizing Income Elasticity of Demand

Review 5.2 Income Elasticity of Demand Review Questions

5.4 Cross-Price Elasticity of Demand (3 videos)

RWE Video 5.4 Cross-Price Elasticity of Demand - Shelby Frost - 2 min 35 s

Key Concept 5.9 Cross-Price Elasticity & Substitute Goods - 32 s

Gallery 5.10 Cross-Price Elasticity & Complementary Goods - 37 s

Review 5.3 Cross-Price Elasticity of Demand Review Questions

5.5 Review Notes

Gallery 5.2 How Price Elasticity Affects Revenue

Review 5.4 Elasticity Review Questions

6.0 Marginal Utility
(3 videos, 1 photo gallery and 2 review sections in this chapter)

6.1 Diminishing Marginal Utility (2 videos)

RWE Video 6.1 Diminishing Marginal Utility - Mark LeClair - 4 min 10 s

Key Concept 6.1 Diminishing Marginal Utility - 57 s

Review 6.1 Diminishing Marginal Utility Questions

6.2 Case Study - Diminishing Marginal Utility (1 video)

RWE Video 6.2 Diminishing Marginal Utility - Thanksgiving Dinner- 4 min 5 s

6.3 Review Notes

Gallery 6.1 Measuring the Marginal Utility of Coffee

Review 6.2 Diminishing Marginal Utility Review Questions

7.0 Consumer Choice
(8 videos, 1 photo gallery and 4 review sections in this chapter)

7.1 Indifference Curves (3 videos)

RWE Video 7.1 Indifference Curves - Jodi Beggs - 7 min

Key Concept 7.1 Indifference Curves Summary - 31 s

Key Concept 7.2 Indifference Curves - How to Plot - 59 s

Review 7.1 Indifference Curves Review Questions

7.2 Case Study - Maximizing Utility With A Budget (2 videos)

RWE Video 7.2 Diminishing Marginal Utility - Food and Clothes - Mark LeClair - 5 min 25 s

Gallery 7.1 Calculating Utility Subject to a Budget Constraint

Key Concept 7.3 Diminishing Marginal Utility - 1 min 31 s

Review 7.2 Diminishing Marginal Utility Case Study Review Questions

7.3 Producer Surplus, Consumer Surplus (3 videos)

RWE Video 7.3 Producer Surplus Consumer Surplus - Shelby Frost - 2 min 53 s

Key Concept 7.4 Consumer Surplus, Producer Surplus - 24 s

Key Concept 7.5 Consumer Surplus - Western Omelet - 27 s

Review 7.3 Producer Surplus, Consumer Surplus Review Questions

7.4 Review Notes

Review 7.4 Consumer Choice Chapter Review Questions

1.0 Introduction
(4 videos and 1 review section in this chapter)

1.1 International Trade (2 videos)

RWE Video 1.1 Comparative Advantage - Greg Brock - 2 min 48 s

Key Concept 1.1 Comparative Advantage - 39 s

1.2 Production Possibility Frontier (2 videos)

RWE Video 1.2 Production Possibility Frontier Curve - 2 min 56 s

Key Concept 1.2 Production Possibilities Frontier - 62 s

1.3 Review Notes

Review 1.1 International Trade and Production Possibility Review Questions

2.0 Market Forces - Demand
(8 videos, 3 photo galleries and 3 review sections in this chapter)

2.1 Demand Curve (5 videos)

Key Concept 2.1 Movement Along the Demand Curve - Quantity Demanded Decrease - 10 s

Key Concept 2.2 Movement Along the Demand Curve - Quantity Demanded Increase - 10 s

Key Concept 2.3 Law of Demand - 9 s

Key Concept 2.4 Change in Demand - Increase - 8 s

Key Concept 2.5 Change in Demand - Decrease - 8 s

Gallery 2.1 Moving Along the Demand Curve

Review 2.1 Demand Curves Review Questions

2.2 Variables That Cause Demand Curve Shifts (3 videos)

Key Concept 2.6 Increase or Decrease in Demand - 23 s

Key Concept 2.7 Number of Buyers Increases Demand - 10 s

Key Concept 2.8 Expectations Can Shift Demand - 12 s

Review 2.2 Demand Curve Shifts Review Questions

2.3 Review Notes

Gallery 2.2 Demand Curve Shifts

Gallery 2.3 Exploring Demand Curve Shifts

Review 2.3 Demand Review Questions

3.0 Market Forces - Supply
(6 videos, 1 photo gallery and 3 review sections in this chapter)

3.1 Supply Curve (4 videos)

Key Concept 3.1 Moving Along the Supply Curve - 18 s

Key Concept 3.2 Law of Supply - 12 s

Key Concept 3.3 Increase in Supply - 10 s

Key Concept 3.4 Decrease in Supply - 10 s

Review 3.1 Supply Curve Review Questions

3.2 Variables that Cause Supply Curve Shifts (2 videos)

Key Concept 3.5 Variables Shift Supply Curves - Input Prices - 12 s

Key Concept 3.6 Variables Shift Supply Curves - Technology - 12 s

Review 3.2 Supply Curve Shifts Review Questions

3.3 Review Notes

Gallery 3.1 Exploring the Supply Curve

3.3 Review Notes Supply Review Questions

4.0 Price
(25 videos, 3 photo galleries and 1 review section in this chapter)

4.1 Demand and Supply Changes Affect Equilibrium (7 videos)

Key Concept 4.1 Price As Control - 37 s

Key Concept 4.2 Increase or Decrease in Demand - 20 s

Key Concept 4.3 Increase or Decrease in Supply - 20 s

Key Concept 4.4 Demand Increase, Supply Increase - 30 s

Key Concept 4.5 Demand Decrease, Supply Decrease - 30 s

Key Concept 4.6 Demand Decrease, Supply Increase - 11 s

Key Concept 4.7 Demand Increase, Supply Decrease - 11 s

4.2 Elasticity of Supply (6 videos)

Key Concept 4.8 Price Elasticity of Supply - 3 min 12 s

Key Concept 4.9 Perfectly Inelastic Supply - 31 s

Key Concept 4.10 Inelastic Supply - 54 s

Key Concept 4.11 Unit Elastic Supply - 39 s

Key Concept 4.12 Elastic Supply - 44 s

Key Concept 4.13 Perfectly Elastic Supply - 30 s

Review 4.1 Elasticity of Supply Review Questions

4.3 Price Controls (4 videos)

RWE Video 4.1 Price Controls - Jodi Beggs - 5 min 23 s

Key Concept 4.14 Price Floor - 29 s

RWE Video 4.2 Disequilibrium Pricing - 4 min 1 s

Key Concept 4.15 Disequilibrium Pricing - 44 s

4.4 Price Discrimination (4 videos)

RWE Video 4.3 Price Discrimination - Dr. Gajanan - 4 min 57 s

Key Concept 4.16 Price Discrimination - 38 s

RWE Video 4.4 Price Discrimination - Elasticity - 2 min 43 s

Key Concept 4.17 Price Discrimination - Elasticity - 58 s

4.5 Price Collusion (1 video)

RWE Video 4.5 Price Collusion - David Gray - 4 min 13 s

4.6 Producer Surplus, Consumer Surplus (3 videos))

RWE Video 4.6 Producer Surplus Consumer Surplus - Shelby Frost - 2 min 53 s

Key Concept 4.18 Consumer Surplus, Producer Surplus - 24 s

Key Concept 4.19 Consumer Surplus - Western Omelet - 27 s

Review 4.2 Producer Surplus, Consumer Surplus Review Questions

4.7 Review Notes

Gallery 4.1 Demand and Supply Affect the Equilibrium Price

Gallery 4.2 Concurrent Demand and Supply Increases

Gallery 4.3 Concurrent Demand and Supply Decreases

Gallery 4.4 Elasticity of Supply

Review 4.3 Price Review Questions

5.0 Costs of Production
(12 videos, 3 photo galleries and 1 review section in this chapter)

5.1 Cost of Production (3 videos)

RWE Video 5.1 Costs of Production - Jodi Beggs - 4 min 17 s

Key Concept 5.1 Total Cost Definition - 18 s

Key Concept 5.2 Average Costs and Returns to Scale - 41 s

5.2 Marginal Product (3 videos)

RWE Video 5.2 Marginal Product - Shelby Frost - 3 min 54 s

Key Concept 5.3 Production Curve - 53 s

RWE Video 5.3 Diminishing Marginal Product - Mark LeClair - 6 min 41 s

Gallery 5.1 Calculating Marginal Product

Gallery 5.2 Gains to Specialization

Review 5.1Marginal Product Review Questions

5.3 Marginal Cost and Average Fixed Cost (4 videos)

RWE Video 5.4 Marginal Cost and Average Fixed Cost - Dr. Gajanan - 3 min 51 s

Key Concept 5.4 Marginal Cost Definition - 24 s

Key Concept 5.5 Marginal Cost Example - 17 s

Key Concept 5.6 Average Fixed Cost - 17 s

5.4 Declining Average Cost (2 videos)

RWE Video 5.5 Declining Average Cost - Dr. Gajanan - 2 min 59 s

Key Concept 5.7 Declining Average Cost - 61 s

Gallery 5.3 The Declining Average Cost of Toilet Paper

Review 5.2 Declining Average Cost Review Questions

5.5 Review Notes

Review 5.3 Cost of Production Review Questions

6.0 Labor Markets
(8 videos and 1 review section in this chapter)

6.1 The Firm’s Hiring Decision (5 videos)

RWE Video 6.1 The Firm’s Hiring Decision - Joe Calhoun - 6 min 4 s

Key Concept 6.1 Marginal Product - 25 s

Key Concept 6.2 Marginal Product Definition - 11 s

Key Concept 6.3 Marginal Revenue Product Definition - 12 s

Key Concept 6.4 Marginal Product and Hiring - 25 s

6.2 Why Wages Vary (3 videos)

RWE Video 6.2 Why Wages Vary - Joe Calhoun - 4 min 43 s

Key Concept 6.5 Compensating Wages Differential - 16 s

Key Concept 6.6 Compensating Wages Differential - 23 s

Review 6.1 Wage Differential Review Questions

6.3 Review Notes

Review 6.2 Labor Markets Review Questions

7.0 Negative Externality and Taxes
(7 videos, 2 photo galleries and 1 review section in this chapter)

7.1 Negative Externality (1 video)

RWE Video 7.1 Negative Externalities in Production - David Gray - 5 min 53 s

Gallery 7.1 The Economics of Negative Externality

Review 7.1 Negative Externality Review Questions

7.2 Taxes (6 videos)

Key Concept 7.1 How Taxes Affect Supply and Demand - 19 s

Key Concept 7.2 Tax and Elasticity of Demand, Perfectly Inelastic Demand - 36 s

Key Concept 7.3 Tax and Elasticity of Demand, Perfectly Elastic Demand - 40 s

Key Concept 7.4 Tax and Elasticity of Supply, Perfectly Elastic Supply - 37 s

Key Concept 7.5 Tax and Elasticity of Supply, Perfectly Inelastic Supply - 37 s

Key Concept 7.6 Tax That Affects Both Buyers and Sellers - 59 s

Review 7.2 Taxes Review Questions

7.3 Review Notes

Gallery 7.2 Who Pays the Taxes?

Review 7.3 Negative Externalities and Tax Review Questions

1.0 Market Structures
(7 videos, 2 photo galleries and 1 review section in this chapter)

1.1 Four Market Structures (5 videos)

RWE Video 1.1 Four Market Structures - 6 min 29 s

Key Concept 1.1 Oligopoly - Home Improvement Market - 36 s

Key Concept 1.2 Four Market Structures - 27 s

Key Concept 1.3 Market Structures - Market Power - 31 s

Key Concept 1.4 Market Structures Entry Barriers - 35 s

1.2 Case Study - Gas Stations (2 videos)

RWE Video 1.2 Market Structure Characteristics - 3 min 43 s

Key Concept 1.5 Four Markets - Characteristics - 53 s

Gallery 1.1 Gas Stations - Characteristics of All Four Structures

1.3 Review Notes

Gallery 1.2 Characteristics of the Four Market Structures

Review 1.1 Market Structures Chapter Review Questions

2.0 Perfect Competition
(20 videos, 2 photo galleries and 6 review sections in this chapter)

2.1 Introduction to Perfect Competition (4 videos)

RWE Video 2.1 Perfect Competition Characteristics - 2 min 23 s

Gallery 2.1 Market Supply and Demand Determines Demand Curve Facing Single Firm

Key Concept 2.1 Perfect Competition - Introduction - 11 s

RWE Video 2.2 Perfect Competition - Four Scenario Introduction - 3 min 2s

Gallery 2.2 Four Different Perfect Competition Scenarios

Key Concept 2.2 Long-Run Equilibrium - 24 s

Review 2.1 Perfect Competition Introduction Review Questions

2.2 Perfect Competition - Profit Scenario (6 videos)

RWE Video 2.3 Profit Scenario - 3 min 52 s

Reminder 2.1 Pig Farm Cost Summary - 54 s

Key Concept 2.3 Profit Scenario Break-even Point - 42 s

Key Concept 2.5 Profit Scenario - 19 s

Key Concept 2.4 Profit Scenario Graphs - 57 s

Key Concept 2.5 Profit Scenario - 19 s

Data Table for Pig Farm Graphs

Review 2.2 Perfect Competition - Profit Scenario Review Questions

2.3 Perfect Competition - Minimizing Losses (4 videos)

RWE Video 2.4 Loss Scenario No Shutdown - 2 min 55 s

Reminder 2.2 Pig Farm Cost Summary - 54 s

Key Concept 2.6 Loss Scenario -No Shutdown - 27 s

Key Concept 2.7 Loss Scenario Graphs - 1 min 7 s

Review 2.3 Perfect Competition - Loss Scenario - No Shutdown Review Questions

2.4 Perfect Competition Shutdown (3 videos)

RWE Video 2.5 Shutdown Scenario - 3 min 21 s

Key Concept 2.8 How Price Affects the Firm’s Decision in Perfect Competition - 1 min 17s

Key Concept 2.9 Loss Scenario - Shutdown - 21 s

Review 2.4 Loss Scenario - Shutdown Review Questions

2.5 Perfect Competition - Supply and Demand (3 videos)

RWE Video 2.6 Market Supply and Demand Curves - 2 min

Key Concept 2.10 Market Supply and Demand - 21 s

Key Concept 2.11 Market Demand Curve in Perfect Competition - 18 s

Review 2.5 Market Supply and Demand Curves Review Questions

2.6 Review Notes

Review 2.6 Perfect Competition Chapter Review Questions

3.0 Monopoly
(7 videos, 1 photo gallery and 1 review section in this chapter)

3.1 Introduction (3 videos)

RWE Video 3.1 An Introduction to Monopoly - 3 min 38 s

Key Concept 3.1 Monopoly Definition - 16 s

Key Concept 3.2 Market Structures - Monopoly - 25

3.2 Natural Monopoly (4 videos)

RWE Video 3.2 Natural Monopoly - Jodi Beggs - 2 min 7 s

Key Concept 3.3 Natural Monopoly Definition - 24 s

RWE Video 3.3 Natural Monopoly - Chris Ruebeck -
3 min 14 s

Gallery 3.1 A Natural Monopoly Can Be Efficient

Key Concept 3.4 Natural Monopoly - 36 s

3.3 Review Notes

Review 3.1 Monopoly Chapter Review Questions

4.0 Monopolistic Competition
(9 videos, 2 photo galleries and 3 review sections in this chapter)

4.1 Introduction (3 videos)

RWE Video 4.1 Visiting Chick-fil-A to See How Monopolistic Competition Works - 3 min 27 s

Key Concept 4.1 Introduction to Monopolistic Competition - 12 s

Key Concept 4.2 Monopolistic Competition - Definition - 22 s

Review 4.1 Monopolistic Competition Introduction Questions

4.2 Dynamics of Monopolistic Competition (3 videos)

RWE Video 4.2 Short-Run Profits - 5 min 9 s

Gallery 4.1 Calculating Profits Step by Step

RWE Video 4.3 Ebb and Flow of Monopolistic Competition - 3 min 18 s

Key Concept 4.3 Monopolistic Competition - Market Growth 38 s

Review 4.2 Dynamics of Monopolistic Competition Review

4.3 Equilibrium in Monopolistic Competition (2 videos)

RWE Video 4.4 Dynamics of Monopolistic Competition - 5 min 36 s

Gallery 4.2 Monopolistic Competition - Long-Run Point of Equilibrium

Key Concept 4.4 Monopolistic Competition - Equilibrium - 37 s

Review 4.3 Monopolistic Competition - Equilibrium Review Questions

4.4 Review Notes (1 video)

Key Concept 4.5 Short-Run Profit - Cost Curves - 51 s

5.0 Oligopoly
(7 videos and 1 review section in this chapter)

5.1 Introduction (4 videos)

RWE Video 5.1 Oligopoly Introduction - 3 min 34 s

Key Concept 5.1 Oligopoly Definition - 12 s

Key Concept 5.2 Oligopoly Features - 18 s

Key Concept 5.3 Regulation and the U.S. Airline Industry - 40 s

5.2 Case Study - Airlines Versus OPEC (3 videos)

RWE Video 5.2 Oligopoly - Airlines Versus OPEC - 4 min 44 s

Key Concept 5.4 How Collusion Affects Price - 18

Key Concept 5.5 OPEC Versus Airline Industry - 53 s

5.3 Review Notes

Review 5.1 Oligopoly Chapter Review Questions