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Elasticity and Its Applications
  • Elasticity of Demand
  • Calculating the Elasticity of Demand
  • Elasticity of Supply
  • Elasticity and Slave Redemption
  • Applications Using Elasticity
Taxes and Subsidies
  • Commodity Taxes
  • Who Pays the Tax?
  • Tax Revenue and Deadweight Loss
  • Subsidies
  • Wage Subsidies
The Price System
  • I, Rose
  • A Price is a Signal Wrapped up in an Incentive
  • Markets Link the World
  • The Great Economic Problem
  • Information and Incentives
  • Speculation
  • Prediction Markets
Price Ceilings and Price Floors
  • Price Ceilings
  • Price Ceilings: Shortages and Quality Reduction
  • Price Ceilings: Lines and Search Costs
  • Price Ceilings: Deadweight Loss
  • Price Ceilings: Misallocation of Resources
  • Price Ceilings: Rent Controls
  • Price Controls and Communism
  • Price Floors: The Minimum Wage
  • Price Floors: Airline Fares
  • Why Do Governments Enact Price Controls?
  • The Big Ideas of Trade
  • Comparative Advantage
  • Another Look at Comparative Advantage
  • Comparative Advantage Homework
  • Tariffs and Protectionism
  • Arguments Against International trade
  • An Introduction to Externalities
  • External Benefits
  • Command and Control Solutions
  • The Coase Theorem
  • Trading Pollution
  • A Deeper Look at Tradeable Allowances
Costs and Profit Maximization Under Competition
  • Introduction to the Competitive Firm
  • Maximizing Profit under Competition
  • Maximizing Profit and the Average Cost Curve
  • Entry, Exit, and Supply Curves: Increasing Costs
  • Entry, Exit, and Supply Curves: Constant Costs
  • Entry, Exit, and Supply Curves: Decreasing Costs
Competition and Invisible Hand
  • Minimization of Total Industry Costs of Production
  • The Balance of Industries and Creative Destruction
  • Maximizing Profit under Monopoly
  • The Monopoly Markup
  • The Costs and Benefits of Monopoly
Price Discrimination
  • Introduction to Price Discrimination
  • The Social Welfare of Price Discrimination
  • Tying
  • Bundling
Oligopoly and Game Theory
  • Oligopoly and Game Theory - Coming Soon
Labor Markets
  • The Marginal Product of Labor
  • Human Capital and Signaling
  • The Tradeoff Between Fun and Wages
  • Compensating Differentials
  • Do Unions Raise Wages?
Public Goods and the Tragedy of the Commons
  • Public Goods and the Tragedy of the Commons - Coming Soon
Stock Markets and Personal Finance
  • Stock Markets and Personal Finance - Coming Soon
Asymmetric Information
  • Asymmetric Information - Coming Soon
  • Geography and Growth
Exam (Coming Soon)
Food (Cowen) - Coming Soon
Bottlenecks, Linkages and Intermediate Goods
An Overview of the Mexican Economy
Lowering the initial payment
Basic mortgage underwriting
Varieties of mortgage securities
Painful historical episodes & policy responses