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