Khan Academy Static

Elasticity

Price elasticity of demand and supply. How sensitive are things to change in price?

Production_decisions_and_economic_profit

Economic profit vs. accounting profit. Average total cost (ATC) and marginal cost (MC). Marginal product of labor (MPL). Price discrimination.

Supply_demand_and_market_equilibrium

The core ideas in microeconomics. Supply, demand and equilibrium.

Scarcity_possibilities_preferences_and_opportunity_cost

How do you decide what to produce or trade? How can you maximize happiness in a world of scarcity. What are you giving up when you choose something (i.e., opportunity cost)?

All video content by Khan Academy is under their license: CC by NC SA

Website created using Khan Academy Static Downloader