ECON 2302 - Microeconomics

ECON 2302 - Microeconomics

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Microeconomics examines the fundamentals of the American economy as it relates to business and individual welfare. Emphasis is on basic economic concepts and theories as they effect domestic and international markets. Microeconomics includes cost and production decisions and discusses the role of competition, monopolies and oligopolies.

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Drawing a Production Possibility Frontier 1 of 20

duration 2 minutes 39 seconds

Drawing a Production Possibility Frontier

Drawing a Production Possibility Frontier

Drawing a Production Possibility Frontier

Drawing a Production Possibility Frontier

This video shows step-by-step how to draw a production possibilities frontier given data points.

From Richard Gosselin

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Creating a Supply and Demand Diagram in Excel 2 of 20

duration 5 minutes 28 seconds

Creating a Supply and Demand Diagram in Excel

Creating a Supply and Demand Diagram in Excel

Creating a Supply and Demand Diagram in Excel

Creating a Supply and Demand Diagram in Excel

Creating a Supply and Demand Diagram in Excel

From Richard Gosselin

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Calculating Economic Profit 3 of 20

duration 1 minute 48 seconds

Calculating Economic Profit

Calculating Economic Profit

Calculating Economic Profit

Calculating Economic Profit

Calculating Economic Profit

From Richard Gosselin

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Calculating Operating Profit 4 of 20

duration 2 minutes 6 seconds

Calculating Operating Profit

Calculating Operating Profit

Calculating Operating Profit

Calculating Operating Profit

Calculating Operating Profit

From Richard Gosselin

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Calculating MC from TC 5 of 20

duration 1 minute 30 seconds

Calculating MC from TC

Calculating MC from TC

Calculating MC from TC

Calculating MC from TC

Calculating MC from TC

From Richard Gosselin

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Calculating TC from AFC and AVC 6 of 20

duration 1 minute 40 seconds

Calculating TC from AFC and AVC

Calculating TC from AFC and AVC

Calculating TC from AFC and AVC

Calculating TC from AFC and AVC

Calculating TC from AFC and AVC

From Richard Gosselin

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Calculating ATC from TFC and TVC 7 of 20

duration 1 minute 14 seconds

Calculating ATC from TFC and TVC

Calculating ATC from TFC and TVC

Calculating ATC from TFC and TVC

Calculating ATC from TFC and TVC

Calculating ATC from TFC and TVC

From Richard Gosselin

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Calculating AVC from TVC 8 of 20

duration 49 seconds

Calculating AVC from TVC

Calculating AVC from TVC

Calculating AVC from TVC

Calculating AVC from TVC

Calculating AVC from TVC

From Richard Gosselin

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Calculating Average fixed cost from TC and TVC 9 of 20

duration 1 minute 30 seconds

Calculating Average fixed cost from TC and TVC

Calculating Average fixed cost from TC and TVC

Calculating Average fixed cost from TC and TVC

Calculating Average fixed cost from TC and TVC

Calculating AFC from TC and TVC

From Richard Gosselin

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Calculating fixed costs from TC and TVC 10 of 20

duration 1 minute 1 second

Calculating fixed costs from TC and TVC

Calculating fixed costs from TC and TVC

Calculating fixed costs from TC and TVC

Calculating fixed costs from TC and TVC

Calculating fixed costs from TC and TVC

From Richard Gosselin

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Price Elasticity of Supply - Calculation 11 of 20

duration 2 minutes 51 seconds

Price Elasticity of Supply - Calculation

Price Elasticity of Supply - Calculation

Price Elasticity of Supply - Calculation

Price Elasticity of Supply - Calculation

Price Elasticity of Supply - Calculation

From Richard Gosselin

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Elasticity of Demand - Calculation 12 of 20

duration 3 minutes 42 seconds

Elasticity of Demand - Calculation

Elasticity of Demand - Calculation

Elasticity of Demand - Calculation

Elasticity of Demand - Calculation

Elasticity of Demand - Calculation

From Richard Gosselin

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Income Elasticity of Demand - Calculation Problem 13 of 20

duration 2 minutes 22 seconds

Income Elasticity of Demand - Calculation Problem

Income Elasticity of Demand - Calculation Problem

Income Elasticity of Demand - Calculation Problem

Income Elasticity of Demand - Calculation Problem

Income Elasticity of Demand - Calculation Problem

From Richard Gosselin

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Cross-Price Elasticity Calculation Problem 14 of 20

duration 2 minutes 16 seconds

Cross-Price Elasticity Calculation Problem

Cross-Price Elasticity Calculation Problem

Cross-Price Elasticity Calculation Problem

Cross-Price Elasticity Calculation Problem

Cross-Price Elasticity Calculation Problem

From Richard Gosselin

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Fixing Gas Prices 15 of 20

duration 5 minutes 21 seconds

Fixing Gas Prices

Fixing Gas Prices

Fixing Gas Prices

Fixing Gas Prices

Fixing Gas Prices

From Richard Gosselin

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Supply and Demand Equilibrium - Algebraic Example 16 of 20

duration 5 minutes 26 seconds

Supply and Demand Equilibrium - Algebraic Example

Supply and Demand Equilibrium - Algebraic Example

Supply and Demand Equilibrium - Algebraic Example

Supply and Demand Equilibrium - Algebraic Example

Supply and Demand Equilibrium - Algebraic Example

From Richard Gosselin

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The Monopsony-Minimum Wage Controversy 17 of 20

duration 5 minutes 46 seconds

The Monopsony-Minimum Wage Controversy

The Monopsony-Minimum Wage Controversy

The Monopsony-Minimum Wage Controversy

The Monopsony-Minimum Wage Controversy

The Monopsony-Minimum Wage Controversy. Material from this video was adapted from the "Principles of Economics" which is entrusted to the UNIVERSITY OF…

From Richard Gosselin

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Professional Player Salaries and Monopsony Power 18 of 20

duration 5 minutes 48 seconds

Professional Player Salaries and Monopsony Power

Professional Player Salaries and Monopsony Power

Professional Player Salaries and Monopsony Power

Professional Player Salaries and Monopsony Power

Professional Player Salaries and Monopsony. Material from this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF…

From Richard Gosselin

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Waiting for Death and Life Insurance 19 of 20

duration 5 minutes 2 seconds

Waiting for Death and Life Insurance

Waiting for Death and Life Insurance

Waiting for Death and Life Insurance

Waiting for Death and Life Insurance

Waiting for Death and Life Insurance. Material from this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA…

From Richard Gosselin

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Technology and the Wage Gap 20 of 20

duration 6 minutes 28 seconds

Technology and the Wage Gap

Technology and the Wage Gap

Technology and the Wage Gap

Technology and the Wage Gap

Technology and the Wage Gap. The material from this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA…

From Richard Gosselin

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Appears In:: Open Edu.…Economics Microeconomics