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.

Monopolies

Lecture 16: Covers Chapter 12 of Krugman's Principles of Microeconomics. A look at perfect competition in the short and long run.

Perfect Competition

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.

Theory of the Firm 2

Lecture 14: Covers Chapter 11 of Krugman's Principles of Microeconomics. A look at the nature of cost curve structure and the product curves.

Theory of the Firm

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.

The Welfare State

Lecture 12: Covers Chapter 17 of Krugman's Principles of Microeconomics. An introduction to public goods and the free rider problem.

Public Goods

Lecture 11: Covers Chapter 16 of Krugman's Principles of Microeconomics. A more detailed approach to externalities. Covers four possible solutions to negative eternalities.

Market Externalities 2

Lecture 10: Covers Chapter 16 of Krugman's Principles of Microeconomics. An overview of externalities, focusing primarily on negative externalities.

Market Externalities

Lecture 9: Covers Chapter 9 of Krugman's Principles of Microeconomics. An introduction to costs.

Economic 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.

Excise Taxes

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 7: Covers Chapter 6 of Krugman-Microeconomics. An overview of elasticity in it's various forms.

Elasticity

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.

Price Floors and Price Ceilings

Lecture 5: Covers Chapter 4 of Krugman-Microeconomics. An explanation of consumer and producer surplus, continuing topics from lecture 4.

Consumer Surplus and Producer Surplus

Lecture 4: Finishes Chapter 3 and starts Chapter 4 of Krugman-Microeconomics including "S&amp;D Shifters" (changes in markets) and "Willingness to Pay."

S&D Shifters and Willingness to Pay

Lecture 3: Covers chapter 3 of Krugman-Microeconomics including markets, supply and demand and S&amp;D shifters.

Markets, Supply and Demand

Principles of Microeconomics, Winter 2013

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