ap microeconomics - unit 1 q&a: ppc & comparative advantage

timestamps

• 0:00

  Introduction and Overview

• 0:32

  Scarcity and Resources

• 1:03

  Trade-offs and Opportunity Cost

• 1:37

  Factors of Production

• 3:12

  Basic Economic Questions

• 3:43

  Economic Systems Overview

• 4:45

  Command Market Structure

• 5:16

  Free Market Structure

• 6:18

  Mixed Economy

• 7:21

  Production Possibilities Curve

• 8:22

  Opportunity Cost Types

• 8:54

  PPC Shifters

• 10:28

  Absolute Advantage Input

• 11:31

  Absolute Advantage Output

• 12:33

  Comparative Advantage Input

• 14:06

  Comparative Advantage Output

• 14:36

  Terms of Trade

• 15:39

  Cost Benefit Analysis

• 16:40

  Marginal Costs and Benefits

• 18:46

  Utility Maximizing Rule

• 19:49

  Marginal Utility Example

• 21:22

  Q&A Session Begins

• 23:21

  Cost Benefit Clarification

• 25:31

  Decreasing Opportunity Cost

• 26:36

  Demand Curve Explanation

• 27:39

  Substitution Effect

• 28:09

  Income Effect

• 29:11

  Demand Shifters

• 30:46

  Related Goods Examples

• 31:51

  Number of Consumers

• 32:54

  Income and Goods Types

• 34:30

  Supply Curve

• 35:33

  Supply Shifters

• 37:37

  Consumer Producer Surplus

• 40:42

  Surplus Calculations

• 42:19

  Price Ceilings Floors

• 43:20

  Surplus vs Shortage

• 44:22

  Rent Control Example

• 45:58

  Agriculture Price Floor

• 47:36

  Taxes and Subsidies

• 48:44

  Deadweight Loss Ceiling

• 50:52

  Excise Taxes

• 52:27

  Tax Deadweight Loss

• 53:30

  Tax Value Identification

• 55:03

  Graph Values Taxes

• 57:12

  Tax Burden Calculation

• 58:48

  Session Wrap Up