Consumer Behavior Content

1.0 The Basics of Economics
(5 videos and a review section in this chapter)

1.1 What is Economics? (Introduction)

1.2 How Income Flows - Households and Firms (2 videos)

RWE Video CB 1.1 Rational Economic Exchange - 2 min 45 s

Key Concept CB 1.1 Circular Flow of Income - 48 s

1.3 Opportunity Cost Versus Choice (1 video)

RWE Video CB 1.2 Opportunity Cost Versus Choice - Tamara Woroby - 2 min 37 s

1.4 Production Possibility Curve (2 videos)

RWE Video CB 1.3 Production Possibility Curve - 4 mins 23s

Key Concept CB 1.2 Production Possibilities Frontier - 62 s

1.5 Public Goods (3 videos)

RWE Video CB 1.4 Public Goods - 3 mins 49s

Key Concept CB 1.3 Differences Between Public and Private Goods - 1 min 12s

Key Concept CB 1.4 Free Rider Problem - 18 s

1.6 Review Notes

Review 1.1 The Basics of Economics Review Questions

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

2.1 Demand Curve (5 videos)

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

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

Key Concept CB 2.3 Law of Demand - 9 s

Key Concept CB 2.4 Change in Demand - Increase - 8 s

Key Concept CB 2.5 Change in Demand - Decrease - 8 s

Gallery 2.1 Moving Along the Demand Curve

2.2 Variables That Cause Demand Curve Shifts (3 videos)

Key Concept CB 2.6 Increase or Decrease in Demand - 23 s

Key Concept CB 2.7 Number of Buyers Increases Demand - 10 s

Key Concept CB 2.8 Expectations Can Shift Demand - 12 s

2.3 Gifffen Goods (2 videos)

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

Key Concept CB 2.9 Giffen Goods - 10 s

2.4 Review Notes

Gallery 2.2 Demand Curve Shifts

Gallery 2.3 Exploring Demand Curve Shifts

Review 2.1 Demand Review Questions

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

3.1 Supply Curve (4 videos)

Key Concept CB 3.1 Moving Along the Supply Curve - 18 s

Key Concept CB 3.2 Law of Supply - 12 s

Key Concept CB 3.3 Increase in Supply - 10 s

Key Concept CB 3.4 Decrease in Supply - 10 s

3.2 Variables that Cause Supply Curve Shifts (2 videos)

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

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

3.3 Review Notes

Gallery 3.1 Exploring the Supply Curve

Review 3.1 Supply Review Questions

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

4.1 Demand and Supply Changes Affect Equilibrium (7 videos)

Key Concept CB 4.1 Price As Control - 37 s

Key Concept CB 4.2 Increase or Decrease in Demand - 20 s

Key Concept CB 4.3 Increase or Decrease in Supply - 20 s

Key Concept CB 4.4 Demand Increase, Supply Increase - 30 s

Key Concept CB 4.5 Demand Decrease, Supply Decrease - 30 s

Key Concept CB 4.6 Demand Decrease, Supply Increase - 11 s

Key Concept CB 4.7 Demand Increase, Supply Decrease - 11 s

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

RWE Video CB 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 a review section in this chapter)

5.1 Introduction to Elasticity (1 video)

Key Concept CB 5.1 Three Types of Elasticity - 53 s

5.2 Price Elasticity of Demand (4 videos)

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

Key Concept CB 5.2 Consumer Behavior - Elastic Goods - 37 s

Key Concept CB 5.3 Consumer Behavior - Inelastic Goods - 36 s

Key Concept CB 5.4 Consumer Behavior - Unit Elastic Goods - 10 s

5.3 Income Elasticity of Demand (6 videos)

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

Key Concept CB 5.5 Income Elasticity - Normal Goods - 17 s

Key Concept CB 5.6 Income Elasticity - Necessary Goods - 17 s

Key Concept CB 5.7 Income Elasticity - Luxury Goods - 21 s

Key Concept CB 5.8 Income Elasticity - Inferior Goods - 15 s

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

Gallery 5.1 Summarizing Income Elasticity of Demand

5.4 Cross-Price Elasticity of Demand (3 videos)

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

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

Key Concept CB 5.10 Cross-Price Elasticity & Complementary Goods - 37 s

5.5 Review Notes

Gallery 5.2 How Price Elasticity Affects Revenue

Review 5.1 Elasticity Review Questions

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

6.1 Diminishing Marginal Utility (2 videos)

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

Key Concept CB 6.1 Diminishing Marginal Utility - 57 s

6.2 Case Study - Diminishing Marginal Utility (1 video)

RWE Video CB 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 6.1 Diminishing Marginal Utility Review Questions

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

7.1 Indifference Curves (3 videos)

RWE Video CB 7.1 Indifference Curves - Jodi Beggs - 7 min

Key Concept CB 7.1 Indifference Curves Summary - 31 s

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

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

RWE Video CB 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 CB 7.3 Diminishing Marginal Utility - 1 min 31 s

7.3 Producer Surplus, Consumer Surplus (3 videos)

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

Key Concept CB 7.4 Consumer Surplus, Producer Surplus - 24 s

Key Concept CB 7.5 Consumer Surplus - Western Omelet - 27 s

7.4 Review Notes

Review 7.1 Consumer Choice Chapter Review Questions