AP Microeconomics Videos

Mr. Clifford’s ACDC Econ videos with a sprinkling of Crash Course

 

UNIT 3:  THE FIRM

 

Production Function/Diminishing Marginal Returns

 

Costs of Production

 

Cost Curves

 

Economies of Scale

 

Economic Profit and Costs

 

Profit Maximizing Rule

 

Shut Down Rule

 

Perfect Competition in the Short-Run

 

Perfect Competition in the Long-Run

 

Monopoly Demand and Marginal Revenue (price makers)

 

Monopoly Graph

 

Elastic vs. Inelastic Range of Demand Curve in Monopoly

 

 

Efficiency and Deadweight Loss

 

 

Regulation of Monopoly

 

 

Price Discrimination in Monopoly

 

 

Per Unit vs. Lump Sum Subsidy/Tax

 

 

Chart Practice for Perfect Competition and Monopoly

 

 

Monopolistic Competition (its own market structure; not monopoly)

 

Oligopoly and Game Theory

 

Oligopoly Kinked Demand Curve

 

 

 

 

UNIT 1:  BASIC ECONOMIC CONCEPTS

 

UNIT 2:  INTRO TO MARKETS

 

 

 

 

 

 

 

 

 

UNIT 4:  FACTOR MARKETS

Resource Market, MRP and MRC

http://www.acdcecon.com/#!derived-demand-mrp-and-mrc/chzx

 

Perfectly Competitive Resource Market

http://www.acdcecon.com/#!perfectly-competitive-resource-market-/cc6j

 

Minimum Wage

http://www.acdcecon.com/#!minimum-wage/c1ctn

 

UNIT #5:  MARKET FAILURES

 

 

UNIT 6:  MACROECONOMICS

 

 

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