ECON1001 Principles of Economics (I)

Three Key Economic Ideas | The Economic Problem That Every Society Must Solve | Economic Models | Microeconomics and Macroeconomics | Economic Skills and Economics as a Career | A Preview of Important Economic Terms

The Demand Side of the Market | The Supply Side of the Market | Market Equilibrium: Putting Demand and Supply Together | The Effect of Demand and Supply Shifts on Equilibrium

Consumer Surplus and Producer Surplus | The Efficiency of Competitive Markets | Government Intervention in the Market: Price Floors and Price Ceilings | The Economic Effect of Taxes

The Price Elasticity of Demand and Its Measurement | The Determinants of the Price Elasticity of Demand | The Relationship between Price Elasticity of Demand and Total Revenue | Other Demand Elasticities | Using Elasticity to Analyze the Disappearing Family Farm | Price Elasticity of Supply and Its Measurement

Types of Firms | How Firms Raise Funds | Using Financial Statements to Evaluate a Corporation

The United States in the International Economy | Comparative Advantage in International Trade | How Countries Gain from International Trade | Government Policies That Restrict International Trade | The Debate over Trade Policies and Globalization

Technology: An Economic Definition | The Short Run and the Long Run in Economics | The Marginal Product of Labor and the Average Product of Labor | The Relationship between Short-Run Production and Short-Run Cost | Graphing Cost Curves | Costs in the Long Run

Perfectly Competitive Markets | How a Firm Maximizes Profit in a Perfectly Competitive Market | Illustrating Profit or Loss on the Cost Curve Graph | Deciding Whether to Produce or to Shut Down in the Short Run | "If Everyone Can Do It, You Can't Make Money at It": The Entry and Exit of Firms in the Long Run | Perfect Competition and Efficiency

Oligopoly and Barriers to Entry | Game Theory and Oligopoly | Sequential Games and Business Strategy | The Five Competitive Model