This video explains who I am and gives an overview of my Microeconomics 101 course project. For more information and a complete set of microeconomics...
Lecture 1: Introduction to Microeconomics Instructor: Jon Gruber, 14.01 students View the complete course: ocw.mit.edu License: Creative Commons BY-NC-SA More information at ocw.mit.edu More courses...
This video explains the distinction between microeconomics and macroeconomics. For more information and a complete set of microeconomics videos, see www.economistsdoitwithmodels.com by Economists Do It...
Mr. Clifford's 60 second explanation of production and the law of diminishing marginal returns. The bonus round shows the graph for total product and marginal...
Mr. Clifford's explanation of dead weight loss (aka. efficiency loss). Watch the bonus round to see multiple examples of dead weight loss.Please keep in mind...