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Unit 1: Markets are Efficient, Except . . . Introduction to Microeconomics

1a - The Class and the Math
1b - The 5Es of Economics
1c - Making Choices: Scarcity and Budget Lines
1d - Making Choices: Production Possibilities and Benefit-Cost Analysis
2a - Market Economies and Trade
3a - Demand
3b - Supply
3c - Market Equilibrium and Efficiency
5a - Gov't Interference in Markets and Market Failure (Negative Externalities)
5b - Market Failure Con't: Positive Externalities and Public Goods

UNIT 2: Elasticity, Consumer Choice, and Costs

4a - Price Elasticity of Demand and Tax Incidence
4b - Other Types of Elasticity
6a - Consumer Decisions: Utility Maximization
7a - Econ. Profit and the Production Function
7b - Production Costs in the Short Run
7c - Production Costs in the Long Run

Unit 3: Are Businesses Efficient? Product Markets and Efficiency

8/9a - Pure Competition: Characteristics and Short Run Equilibrium
8/9b - Pure Competition: Long Run Equilibrium and Efficiency
10a - Monopoly: Characteristics and Short Run Equilibrium
10b - Monopoly: Long run Equilibrium, Price Discrimination, and Regulation
11a - Monopolistic Competition: Are Businesses Efficient?
11b - Oligopoly: Are Businesses Efficient? and Game Theory

Unit 4: Labor and Efficiency: Resource Markets, Inequality, and Immigration

12a - Demand For Resources
13a - Wage Determination: Labor Markets
20a - Income Inequality and Discrimination
22a - Immigration

Final Exam Review

Short (36 questions)
Long (83 questions)