Producer Behavior Content
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
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)
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
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
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)
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
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
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 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
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
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
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 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
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
5.5 Review NotesReview 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 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
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 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
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
Gallery 7.2 Who Pays the Taxes?
Review 7.1 Negative Externalities and Tax Review Questions