Microeconomics Lectures
Tax Incidence and Elasticity (4/22/2006)
Narrated lecture on the relationship between elasticity and tax incidence using PowerPoint slides.
Narrated lecture on the relationship between elasticity and tax incidence using PowerPoint slides.
Private goods vs. public goods (6/23/2006)
Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.
Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.
Supply and demand (6/23/2006)
Narrated lecture on supply and demand curves and price determination under free market.
Narrated lecture on supply and demand curves and price determination under free market.
Should parking be free? (6/23/2006)
Narrated lecture comparing total benefits under free vs paid parking when parking spaces are scarce.
Narrated lecture comparing total benefits under free vs paid parking when parking spaces are scarce.
Tragedy of the commons (6/23/2006)
Narrated lecture on over-exploitation of commons resources due to unlimited entry.
Narrated lecture on over-exploitation of commons resources due to unlimited entry.
Pollution control (6/23/2006)
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Demand elasticity and total revenue (8/5/2006)
A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.
A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.
Complements and Substitutes (9/26/2006)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Bundling (10/20/2006)
By selling goods in bundles with a lower bundle price than the sum of the prices sold separately, mixed bundling could increase total net revenue when demands are mostly negatively correlated and price discrimination is impossible.
By selling goods in bundles with a lower bundle price than the sum of the prices sold separately, mixed bundling could increase total net revenue when demands are mostly negatively correlated and price discrimination is impossible.
External cost and external benefit (1/21/2007)
The existence of external cost and external benefit leads to misallocation of resources.
The existence of external cost and external benefit leads to misallocation of resources.
Money Multiplier (12/14/2009)
In a fractional reserve banking system, the Central Bank needs to print only a fraction of the total money supply. This fraction depends on the average circulation needs of the banking customers. The rest of the money supply could be created by banks through loans.
In a fractional reserve banking system, the Central Bank needs to print only a fraction of the total money supply. This fraction depends on the average circulation needs of the banking customers. The rest of the money supply could be created by banks through loans.
Deficit and Debt (12/14/2009)
Debt/income ratio will rise as long as the deficit exceeds debt times the income growth rate.
Debt/income ratio will rise as long as the deficit exceeds debt times the income growth rate.
