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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 -
3b -
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 -


Final Exam Review

Short (36 questions)
Long (83 questions)