Microeconomics
Join 9,100+ students worldwide who rated this course 4.9/5 stars
Unlock the secrets of Microeconomics with a course designed for IB students and adult learners alike. Whether you're preparing for exams or deepening your understanding of how markets and the world work, this course breaks down complex concepts with clear instruction and practical tools to support your learning.
Welcome to Microeconomics!
FREE PREVIEWThe Nine Central Themes of IB Economics - A Reminder!
Real-World Issue #1: How do consumers and producers make choices in trying to meet their economic objectives?
Key Terms and Concepts: Demand, Supply, and Market Equilibrium
Lesson 1: Introduction to Demand, Supply, and Market Equilibrium
Lesson 2: The Law of Demand
Lesson 3: The Determinants of Demand
Lesson 4: The Law of Supply
Lesson 5: The Determinants of Supply
Lesson 6: The Rule of 11: The Basic Demand and Supply Diagram
Study Break!
Lesson 7: Market Equilibrium
Lesson 8: The Effects of Shifts of Demand and Supply
Lesson 9: The Role of Price Mechanism
Lesson 10: Market and Allocative Efficiency
Lesson 11: Closing Remarks on Demand, Supply, and Market Equilibrium
Review Questions: Demand, Supply and Market Equilibrium
IB Exam Practice Questions: Demand, Supply, and Market Equilibrium
Lesson 1: Introduction Behavioral Economics - A Critique of Rational Economic Thought (HL Topic)
Lesson 2: Assumptions of Neoclassical View of Economics (HL Topic)
Lesson 3: Introduction to Behavioral Economics (HL Topic)
Lesson 4: Behavioral Economics - Critique of Consumers' Rational Thinking (HL Topic)
Lesson 5: Behavioral Economics - The Dual System Model (HL Topic)
Lesson 6: Behavioral Economics - Cognitive Biases (HL Topic)
Lesson 7: Behavioral Economics - Choice Architecture (HL Topic)
Lesson 8: Behavioral Economics - Nudge Theory (HL Topic)
Lesson 9: Closing Remarks on Behavioral Economics (HL Topic)
Lesson 1: Elasticities: Introduction and Overview
FREE PREVIEWLesson 2: Price Elasticity of Demand (PED)
Lesson 3: Price Elasticity of Demand: Applications
Lesson 4: Price Elasticity of Demand: The Diagram
Lesson 5: Price Elasticity of Demand: Determinants
Lesson 6: Cross Elasticity of Demand (XED)*
Lesson 7: Income Elasticity of Demand (YED)
Lesson 8: Importance of Income Elasticity of Demand (HL Topic)
Study Break!
Lesson 9: Price Elasticity of Supply (PES)
Lesson 10: Price Elasticity of Supply: Applications
Lesson 11: Price Elasticity of Supply: Determinants
Lesson 12: Closing Remarks on Elasticity
Key Terms and Concepts: Elasticities
Review Questions: Elasticities
IB Exam Practice Questions: Elasticities
Real-World Issue #2: When are markets unable to satisfy important economic objectives—and does government intervention help?
Lesson 1: Introduction to Government Intervention
Lesson 2: Indirect Taxes
Lesson 3: Indirect Tax Diagram
FREE PREVIEWLesson 4: Per-Unit Subsidies
Lesson 5: Per-Unit Subsidy Diagram
Study Break!
Lesson 6: Price Controls: Introduction
Lesson 7: Price Ceiling Diagram
Lesson 8: Price Floor Diagram
Lesson 9: Closing Remarks on Government Intervention
Key Terms and Concepts: Government Intervention
Review Questions: Government Intervention
IB Exam Practice Questions: Government Intervention
Lesson 1: Introduction to Market Failure
Lesson 2: Market and Allocative Efficiency
Lesson 3: Market Failure Base Diagram
Lesson 4: Negative Externality of Consumption: The Diagram
FREE PREVIEWLesson 5: Negative Externality of Consumption: The Solutions
Lesson 6: Negative Externality of Production: The Diagram
Lesson 7: Negative Externalities of Production: The Solutions
Lesson 8: Positive Externality of Consumption: The Diagram
Lesson 9: Positive Externality of Consumption: The Solutions
Lesson 10: Positive Externality of Production: The Diagram
Lesson 11: Positive Externality of Production: The Solutions
Lesson 12: Common Access Resources
Lesson 13: Closing Remarks on Market Failure
Key Terms and Concepts: Market Failure
Review Questions: Market Failure
IB Exam Practice Questions: Market Failure
The Basic Demand and Supply Diagram: The Rule of 11
Market Equilibrium: Market and Allocative Efficiency
Elasticity: Price Elasticity of Demand -- The Diagram
Government Intervention: The Indirect Tax Diagram
FREE PREVIEWGovernment Intervention: The Per-Unit Subsidy Diagram
Government Intervention: The Price Ceiling Diagram
Government Intervention: The Price Floor Diagram
Market Failure: The Market Failure Base Diagram
Market Failure: The Negative Externality of Consumption Diagram
FREE PREVIEWMarket Failure: The Negative Externality of Production Diagram
Market Failure: The Positive Externality of Consumption Diagram
Market Failure: The Positive Externality of Production Diagram
Join 9,100+ students worldwide who rated this course 4.9/5 stars
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Microeconomics Simplified.
Unlock the secrets of Microeconomics with a course tailored specifically for IB students. Designed to simplify complex concepts and prepare you for exam success, this course combines in-depth instruction with practical tools to enhance your learning.
What’s Inside:
Whether you’re new to Microeconomics or seeking a competitive edge for your exams, this course is your ultimate study companion. Learn at your own pace, revisit key topics, and approach your IB assessments with confidence.
Also, if you are an adult or university student, join the thousands of adult learners who have purchased this course. Rediscover the thrill of learning and explore Microeconomics in a way that connects theory to real-world decisions. With easy-to-follow lessons and practical insights, you’ll gain a clearer understanding of the forces shaping markets and everyday choices. No grades, no deadlines—just an engaging opportunity to challenge yourself and expand your knowledge. I hope to see you in the first video.