ECON1101

Microeconomics 1

University of New South Wales, Australia

About course

Microeconomics 1 is an introductory course in the theory of markets with relevant applications to business, social and individual issues. This course covers the fundamental principles that economists use to understand and analyze economic behavior. For example, it draws upon economic principles to explain how individuals or firms make decisions regarding the demand or supply of a particular product. The aim of these video lectures is to provide an introduction to microeconomic analysis and an overview on the principles and consequences of “rational” choice by individual economic agents in markets.

Course Content

  1. Thinking like an Economist
1. Introduction to ECON1101 FREE 7:21
2. Economic Surplus and Opportunity Cost FREE 13:42
3. Economic Decision Pitfalls Part 1 FREE 6:58
4. Economic Decision Pitfalls Part 2 FREE 7:16
5. Straight Line Graphs Part 1 FREE 10:25
6. Straight Line Graphs Part 2 FREE 3:20

  1. Comparative Advantage - The Basis for Trade

  2. Supply and Demand

  3. Elasticity

  4. Costs, Profit and the Invisible Hand in Perfect Competition

  5. Efficiency and Exchange and Trade

  6. Monopoly and other Forms of Imperfect Competition

  7. Thinking Strategically

  8. Externalities, Common Resources and Property Rights

  9. Public Goods and their Financing

  10. Economics of Information

1.1 Introduction to ECON1101

peyua89wxr_1.1 Introduction to Economics from spoonfeedme on Vimeo