Topics:

A. Microeconomics:

Intro to Economics:

Watch:

• Mercantilism explained (youtube.com)

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1, Demand, Supply, Equilibrium

• Normal & Inferior goods

• Complements & Substitutes

• Demand vs Quantity Demanded change

• Demand & Supply shifters

Watch: 

• Your Coffee Is Getting More Expensive. Here’s Why | WSJ - YouTube

2, Elasticity

• Price elasticity of demand

• Income elasticity of demand

• Cross price elasticity

3, Consumer & Producer Surplus, Welfare

• Externality, tax, subsidy

• Public goods

• Coase's Theorem

4, Price ceiling, Price floor, DWL

• Minimum wage

• Rent control

Watch:

•  Why Do Governments Enact Price Controls? - YouTube

• Price Ceilings: The US Economy Flounders in the 1970s - YouTube

• The minimum wage: does it hurt workers? (youtube.com)

• Why Rent Control Hurts Renters | 5 Minute Video - YouTube

5, Excise tax & Elasticity

• Tax incidence, Tax revenue & elasticity

• Double dividend

Data source: 

• Government Revenue | U.S. Treasury Fiscal Data

6, Consumer choice theory

• Utility Maximization

• Diminishing Marginal Utility

• Budget constraint, Indifference curve, Optimal condition, corner solution

• Income & Substitution Effects

7, Cost structure of the firm

• MC, AC, ATC

• Diminishing returns

• Returns to scale

8, Competitive Markets

• Price taking

• Optimal condition

• Shut down vs Exit

• Long run vs short run

9, Monopoly

• Price making

• Markup & DWL

• Natural monopoly

<10, Game Theory & Oligopoly + 11, Product differentiation & Monopolistic competition>