Introduction
  • Using Udemy for this course
Introduction
  • Introduction to Economics
  • Types of Market
Demand and Supply
  • Outline
  • Overview of the section
  • Demand
  • Supply
  • Surplus and Shortage
  • Changes in Market Equilibrium
  • Practice Question: Finding Price and Quantity
Elasticity
  • Introduction to Elasticity
  • Other elasticity concepts
  • Practice Question: Derive the linear demand curve
  • Elasticity practice questions
Consumer preferences
  • Intro and access to free chapter content
  • Three characteristics of Consumer Preferences
  • Consumer Preferences in detail
  • How can a consumer be indifferent about his choices of goods ?
  • Characteristics of Indifference curve
  • Marginal Rate of Substitution
  • Multiple choice questions
Production
  • Introduction and course outline
  • Production Function Introduction
  • One Variable Input
  • Average Product And Marginal Product Calculation
  • Production Function
Cost
  • Introduction and Outline
  • Accounting cost versus Economic Cost
  • Fixed Cost versus Sunk cost
  • Practice Question: Finding Average fixed cost and Average total cost
Monopolistic Competition and Oligopoly
  • Introduction and outline
  • What's the difference between monopoly, monopolistic competition and oligopoly
  • Short run Monopolistic competition
  • Short run versus long run monopolistic competition
  • Oligopoly
  • Cournot equilibrium and reaction curves
  • Bertrand and Stackelberg model basic introduction