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Nydus Open Learning

Economics

Economics · Microeconomics

Microeconomics

Consumer choice, competitive markets, market power, factor markets and market failure: construct and audit quantitative conclusions under explicit economic assumptions.

Ages 14–18 20 lessons about 14.5 hours in all

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The lessons

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  1. 1 Scarcity, production possibilities and exchange
  2. 2 Budgets and marginal utility
  3. 3 Demand, supply and equilibrium changes
  4. 4 Elasticity and responsive choices
  5. 5 Consumer surplus, producer surplus and efficiency
  6. 6 Tax wedges, incidence and deadweight loss
  7. 7 Price controls and international trade
  8. 8 Production and diminishing marginal returns
  9. 9 Short-run costs and long-run scale
  10. 10 Profit, output and shutdown
  11. 11 Entry, exit and competitive adjustment
  12. 12 Monopoly output, price and regulation
  13. 13 Price discrimination and the allocation of surplus
  14. 14 Oligopoly and strategic interaction
  15. 15 Product differentiation and entry
  16. 16 Derived demand and competitive factor markets
  17. 17 Monopsony and the marginal cost of hiring
  18. 18 External costs, benefits and corrective incentives
  19. 19 Public goods and common resources
  20. 20 Information, distribution and policy audits