Opportunity Cost and Trade#
Supply and Demand#
Equilibrium#
Consumer and Producer Surplus#
Price Floor and Price Ceiling#
Midterm I Review#
Elasticity#
Marginal Product and Marginal Cost#
Profit Maximization and Perfect Compitition#
Monopoly#
Monopolistic Competition + Midterm II Review#
Externalities and Public Goods + Final Exam Review#
Taxes + Final Exam Review#
Additional notes based on frequently asked questions#
- Does price-decrease increase Demand? No! Demand vs Quantity Demanded
- Which direction does demand or supply curve shift? Shift in Curves
- What if I forgot the direction of shifts in exam? Finding shift