Unit 1: Introduction
- Powers of Economic Thinking,
- Production Possibilities Frontier,
- Comparative Advantage,
- Marginal Utility,
- Circular Flow Chart
Unit 2: Supply/Demand and Trade
- Supply/Demand
- Supply/Demand Shifts,
- Elasticity,
- Consumer/Producer Surplus, Co
- Price Ceilings/Floors,
- Dead-Weight Loss,
- Tariffs,
- Quotas
Unit 3: Costs & Perfect Competition
- Accounting Costs vs. Economic Costs
- Normal Profit
- Fixed vs. Variable Costs
- Types of Market Structures
- Perfect Competition Graph
- Long Run ATC
Unit 4: Monopoly and Externalities
- Types of Monopolies
- Monopoly Graph - How it differs from PC
- Price Discrimination
- Regulating Monopolies
- Externalities
Unit 5: Oligopoly, Monopolistic Competition, and Factor Markets
- Oligopoly Graphs
- Game Theory
- Monopolistic Competition
- Factor Markets and Wage Determination