This course provides an introduction to microeconomics. Professor Hoynes lectures on markets, supply and demand, efficiency and equity. She also uses this basic framework to consider a host of real world applications including taxes, environmental policy, education and welfare programs.
Lecture 17: Covers Chapter 13 of Krugman's Principles of Microeconomics. A look at the structure of firms who operate as a monopoly. A discussion of how market power can allow for long run profit.
Lecture 16: Covers Chapter 12 of Krugman's Principles of Microeconomics. A look at perfect competition in the short and long run.
Lecture 15: Covers Chapter 12 of Krugman's Principles of Microeconomics. A look at how perfect competition works and the attributes of the perfectly competitive market.
Lecture 14: Covers Chapter 11 of Krugman's Principles of Microeconomics. A look at the nature of cost curve structure and the product curves.
Lecture 13: Covers Chapter 18 of Krugman's Principles of Microeconomics. A detailed analysis of the welfare state and the results of government welfare policy.
Lecture 12: Covers Chapter 17 of Krugman's Principles of Microeconomics. An introduction to public goods and the free rider problem.
Lecture 11: Covers Chapter 16 of Krugman's Principles of Microeconomics. A more detailed approach to externalities. Covers four possible solutions to negative eternalities.
Lecture 10: Covers Chapter 16 of Krugman's Principles of Microeconomics. An overview of externalities, focusing primarily on negative externalities.
Lecture 9: Covers Chapter 9 of Krugman's Principles of Microeconomics. An introduction to costs.
Lecture 8: An Introduction to Taxes. Covers Chapter 7 of Krugman-Principles of Microeconomics. Specifically focuses on excise taxes and the graphical depiction of the tax wedge.
Lecture 7: Covers Chapter 6 of Krugman-Microeconomics. An overview of elasticity in it's various forms.
Lecture 6: Covers chapter 5 of Krugman's Principles of Microeconomics. Building off of Lecture 5, Professor Hoynes explores how price floors and price ceilings impact surplus in the market.
Lecture 5: Covers Chapter 4 of Krugman-Microeconomics. An explanation of consumer and producer surplus, continuing topics from lecture 4.
Lecture 4: Finishes Chapter 3 and starts Chapter 4 of Krugman-Microeconomics including "S&D Shifters" (changes in markets) and "Willingness to Pay."
Lecture 3: Covers chapter 3 of Krugman-Microeconomics including markets, supply and demand and S&D shifters.
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