Microeconomics Lectures
External cost and external benefit (1/21/2007)
The existence of external cost and external benefit leads to misallocation of resources.
The existence of external cost and external benefit leads to misallocation of resources.
Bundling (10/20/2006)
By selling goods in bundles with a lower bundle price than the sum of the prices sold separately, mixed bundling could increase total net revenue when demands are mostly negatively correlated and price discrimination is impossible.
By selling goods in bundles with a lower bundle price than the sum of the prices sold separately, mixed bundling could increase total net revenue when demands are mostly negatively correlated and price discrimination is impossible.
Complements and Substitutes (9/26/2006)
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand.
Demand elasticity and total revenue (8/5/2006)
A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.
A linear downward-sloping demand curve has a range of demand elasticities and an inverted U-shaped total revenue curve under single pricing.
Private goods vs. public goods (6/23/2006)
Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.
Narrated lecture on the difference between private goods and public goods. Demand schedules for private goods and public goods are generated using Flash animation.
Supply and demand (6/23/2006)
Narrated lecture on supply and demand curves and price determination under free market.
Narrated lecture on supply and demand curves and price determination under free market.
Should parking be free? (6/23/2006)
Narrated lecture comparing total benefits under free vs paid parking when parking spaces are scarce.
Narrated lecture comparing total benefits under free vs paid parking when parking spaces are scarce.
Tragedy of the commons (6/23/2006)
Narrated lecture on over-exploitation of commons resources due to unlimited entry.
Narrated lecture on over-exploitation of commons resources due to unlimited entry.
