# Microeconomics & Macroeconomics

#### Study individual segments in the economy from personal to business issues, all the way upto the whole economy such as governments and countries. Created by Khan Academy.

###### Average Course Length

20 hours

###### Skill Level

Intermediate

##### Pick a lesson

1: Production Possibilities Frontier

2: Opportunity Cost

3: Increasing Opportunity Cost

4: Allocative Efficiency and Marginal Benefit

5: Economic Growth through Investment

6: Comparative Advantage Specialization and Gains from Trade

7: Comparative Advantage and Absolute Advantage

8: Law of Demand

9: Price of Related Products and Demand

10: Changes in Income, Population, or Preferences

11: Normal and Inferior Goods

12: Inferior Goods Clarification

13: Law of Supply

14: Factors Affecting Supply

15: Market Equilibrium

16: Changes in Market Equilibrium

17: Price Elasticity of Demand

18: More on Elasticity of Demand

19: Perfect Inelasticity and Perfect Elasticity of Demand

20: Constant Unit Elasticity

21: Total Revenue and Elasticity

22: More on Total Revenue and Elasticity

23: Cross Elasticity of Demand

24: Elasticity of Supply

25: Elasticity and Strange Percent Changes

26: Demand Curve as Marginal Benefit Curve

27: Consumer Surplus Introduction

28: Total Consumer Surplus as Area

29: Producer Surplus

30: Rent Control and Deadweight Loss

31: Minimum Wage and Price Floors

32: Taxation and Dead Weight Loss

33: Percentage Tax on Hamburgers

34: Taxes and Perfectly Inelastic Demand

35: Taxes and Perfectly Elastic Demand

36: Marginal Utility

37: Equalizing Marginal Utility per Dollar Spent

38: Deriving Demand Curve from Tweaking Marginal Utility per Dollar

39: Budget Line

40: Optimal Point on Budget Line

41: Types of Indifference Curves

42: Economic Profit vs Accounting Profit

43: Depreciation and Opportunity Cost of Capital

44: Fixed, Variable, and Marginal Cost.

45: Visualizing Average Costs and Marginal Costs as Slope

46: Marginal Cost and Average Total Cost

47: Marginal Revenue and Marginal Cost

48: Marginal Revenue Below Average Total Cost

49: Long Term Supply Curve and Economic Profit

50: Perfect Competition

51: Monopoly Basics

52: Monopolist Optimizing Price (part 1)- Total Revenue.

53: Monopolist Optimizing Price (part 2)- Marginal Revenue

54: Monopolist Optimizing Price (part 3)- Dead Weight Loss.avi

55: Optional Calculus Proof to Show that MR has Twice Slope of Demand

56: Review of Revenue and Cost Graphs for a Monopoly

57: Oligopolies and Monopolistic Competition

58: Monopolistic Competition and Economic Profit

59: Oligopolies, Duopolies, Collusion, and Cartels

60: Prisoners' Dilemma and Nash Equilibrium

61: More on Nash Equilibrium

62: Why Parties to Cartels Cheat

63: Game Theory of Cheating Firms

64: Negative Externalities

65: Taxes for Factoring in Negative Externalities

66: Positive Externalities

67: Tragedy of the Commons

68: First Degree Price Discrimination

69: A Firm's Marginal Product Revenue Curve

70: How Many People to Hire Given the MPR curve

71: Adding Demand Curves

72: Circular Flow of Income and Expenditures

73: Parsing Gross Domestic Product

74: More on Final and Intermediate GDP Contributions

75: Investment and Consumption

76: Income and Expenditure Views of GDP

77: Components of GDP

78: Examples of Accounting for GDP

79: Real GDP and Nominal GDP

80: GDP Deflator

81: Example Calculating Real GDP with a Deflator

82: Introduction to Inflation

83: Actual CPI-U Basket of Goods

84: Phillips Curve

85: Interest as Rent for Money

86: Money Supply and Demand Impacting Interest Rates

87: The Business Cycle

88: Aggregate Demand

89: Shifts in Aggregate Demand

90: Long-Run Aggregate Supply

91: Short Run Aggregate Supply

92: Demand-Pull Inflation under Johnson

93: Real GDP driving Price

94: Cost Push Inflation

95: Monetary and Fiscal Policy

96: Tax Lever of Fiscal Policy

97: Breakdown of Gas Prices

98: Short-Run Oil Prices

99: Keynesian Economics

100: Risks of Keynesian Thinking

101: Overview of Fractional Reserve Banking

102: Weaknesses of Fractional Reserve Lending

103: Full Reserve Banking

104: Money Supply- M0 M1 and M2

105: Simple Fractional Reserve Accounting (part 2)

106: MPC and Multiplier

107: Mathy Version of MPC and Multiplier (optional)

108: Consumption Function Basics

109: Generalized Linear Consumption Function

110: Consumption Function with Income Dependent Taxes

111: Keynesian Cross

112: Details on Shifting Aggregate Planned Expenditures

113: Keynesian Cross and the Multiplier

114: Investment and Real Interest Rates

115: Connecting the Keynesian Cross to the IS-Curve

116: Loanable Funds Interpretation of IS Curve

117: Polyalphabetic Cipher

118: LM part of the IS-LM model

119: Government Spending and the IS-LM model

120: Balance of Payments- Current Account

121: Balance of Payments- Capital Account

122: Why Current and Capital Accounts Net Out

123: Accumulating Foreign Currency Reserves

124: Using Reserves to Stabilize Currency

125: Financial Crisis in Thailand Caused by Speculative Attack

126: Math Mechanics of Thai Banking Crisis

127: Greek Debt Recession and Austerity (part 1)

128: Greek Financial Crisis (part 2)

129: How and why Greece would leave the Euro (part 3)

130: Why Europe is worried about Greece

131: LeBron asks about free throws versus three pointers