Producer Behavior Content

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

1.1 International Trade (2 videos)

RWE Video PB 1.1 Comparative Advantage - Greg Brock - 2 min 34 s

Key Concept PB 1.1 Comparative Advantage - 39 s

1.2 Production Possibility Frontier (2 videos)

RWE Video PB 1.2 Production Possibility Frontier Curve - 2 min 42 s

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

Key Concept PB 2.2 Movement Along the Demand Curve - Quantity Demanded Increase - 13 s

Key Concept PB 2.3 Law of Demand - 10 s

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

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

Key Concept PB 2.7 Number of Buyers Increases Demand - 11 s

Key Concept PB 2.8 Expectations Can Shift Demand - 14 s

2.3 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 3 review sections in this chapter)

3.1 Supply Curve (4 videos)

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

Key Concept PB 3.2 Law of Supply - 12 s

Key Concept PB 3.3 Increase in Supply - 10 s

Key Concept PB 3.4 Decrease in Supply - 10 s

3.2 Variables that Cause Supply Curve Shifts (2 videos)

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

Key Concept PB 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 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 PB 4.1 Price As Control - 37 s

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

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

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

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

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

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

4.2 Elasticity of Supply (6 videos)

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

Key Concept PB 4.9 Perfectly Inelastic Supply - 31 s

Key Concept PB 4.10 Inelastic Supply - 54 s

Key Concept PB 4.11 Unit Elastic Supply - 39 s

Key Concept PB 4.12 Elastic Supply - 44 s

Key Concept PB 4.13 Perfectly Elastic Supply - 30 s

4.3 Price Controls (4 videos)

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

Key Concept PB 4.14 Price Floor - 29 s

RWE Video PB 4.2 Disequilibrium Pricing - 4 min 1 s

Key Concept PB 4.15 Disequilibrium Pricing - 44 s

4.4 Price Discrimination (4 videos)

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

Key Concept PB 4.16 Price Discrimination - 38 s

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

Key Concept PB 4.17 Price Discrimination - Elasticity - 58 s

4.5 Price Collusion (1 video)

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

4.6 Producer Surplus, Consumer Surplus (3 videos)

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

Key Concept PB 4.18 Consumer Surplus, Producer Surplus - 24 s

Key Concept PB 4.19 Consumer Surplus - Western Omelet - 27 s

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 4.1 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 PB 5.1 Costs of Production - Jodi Beggs - 4 min 17 s

Key Concept PB 5.1 Total Cost Definition - 18 s

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

5.2 Marginal Product (3 videos)

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

Key Concept PB 5.3 Production Curve - 53 s

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

Gallery 5.1 Calculating Marginal Product

Gallery 5.2 Gains to Specialization

5.3 Marginal Cost and Average Fixed Cost (4 videos)

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

Key Concept PB 5.4 Marginal Cost Definition - 24 s

Key Concept PB 5.5 Marginal Cost Example - 17 s

Key Concept PB 5.6 Average Fixed Cost - 17 s

5.4 Declining Average Cost (2 videos)

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

Key Concept PB 5.7 Declining Average Cost - 61 s

Gallery 5.3 The Declining Average Cost of Toilet Paper

5.5 Review Notes

Review 5.1 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 PB 6.1 The Firm’s Hiring Decision - Joe Calhoun - 6 min 4 s

Key Concept PB 6.1 Marginal Product - 25 s

Key Concept PB 6.2 Marginal Product Definition - 11 s

Key Concept PB 6.3 Marginal Revenue Product Definition - 12 s

Key Concept PB 6.4 Marginal Product and Hiring - 25 s

6.2 Why Wages Vary (3 videos)

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

Key Concept PB 6.5 Compensating Wages Differential - 16 s

Key Concept PB 6.6 Compensating Wages Differential - 23 s

6.3 Review Notes

Review 6.1 Labor Markets Review Questions

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

7.1 Negative Externality (1 video)

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

Gallery 7.1 The Economics of Negative Externality

7.2 Taxes (7 videos)

RWE Video PB 7.2 Tax Incidence - 4 mins 12 s

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

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

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

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

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

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

7.3 Review Notes

Gallery 7.2 Who Pays the Taxes?

Review 7.1 Negative Externalities and Tax Review Questions