Razvan Pascalau http://cba.ua.edu/~rpascala/ EC 110-001 EC 110-001 Lecture series on Principles of Microeconomics. The PowerPoint slides are provided by the authors of the book. en-us http://cba.ua.edu/~rpascala/0324319169.gif http://cba.ua.edu/~rpascala/ Razvan Pascalau razvip@hotmail.com Razvan Pascalau This lecture talks about ten important Economics principles. They are to be used throughout the course. This lecture talks about ten important Economics principles. They are to be used throughout the course. This lecture talks about ten important Economics principles. They are to be used throughout the course. http://cba.ua.edu/~rpascala/episode_20070523_160757-0500.m4a Principles of Microeconomics Wed, 23 May 2007 16:07:55 -0500 no 00:16:12 Razvan Pascalau This lecture offers some guidelines on how to think like an economist. It provides two examples: the circular-flow diagram and the production possibilities frontier. This lecture offers some guidelines on how to think like an economist. It provides two examples: the circular-flow diagram and the production possibilities frontier. This lecture offers some guidelines on how to think like an economist. It provides two examples: the circular-flow diagram and the production possibilities frontier. http://cba.ua.edu/~rpascala/episode_20070525_110650-0500.m4a Principles of Microeconomics Fri, 25 May 2007 11:06:46 -0500 no 00:35:20 Razvan Pascalau This lecture highlights the importance of comparative advantage for trade and production specialization. One's lower opportunity cost gives him a comparative advantage. This lecture highlights the importance of comparative advantage for trade and production specialization. One's lower opportunity cost gives him a comparative advantage. This lecture stresses the importance of comparative advantage as the source for production specialization and trade. One should specialize at producing the good at which she has a lower opportunity cost (i.e., comparative advantage). http://cba.ua.edu/~rpascala/episode_20070528_010115-0500.m4a Principles of Microeconomics Mon, 28 May 2007 01:01:12 -0500 no 00:24:29 Razvan Pascalau This chapter talks about the concepts of demand, supply and market equilibrium. This chapter talks about the concepts of demand, supply and market equilibrium. This chapter talks about the concepts of demand, supply and market equilibrium. It also gives the definition of normal and inferior goods, complements and substitutes etc. http://cba.ua.edu/~rpascala/episode_20070528_234728-0500.m4a Principles of Microeconomics Mon, 28 May 2007 23:47:24 -0500 no 00:43:22 Razvan Pascalau This chapter discusses the uses of the price elasticities of demand and supply. This chapter discusses the uses of the price elasticities of demand and supply. This chapter discusses the uses of the price elasticities of demand and supply. http://cba.ua.edu/~rpascala/episode_20070530_010908-0500.m4a Principles of Microeconomics Wed, 30 May 2007 01:09:04 -0500 no 00:35:09 Razvan Pascalau This chapter discusses how government policies affect market conditions. It also analyzes the effect of elasticity on the tax burden. This chapter discusses how government policies affect market conditions. It also analyzes the effect of elasticity on the tax burden. This chapter discusses how government policies affect market conditions. It also analyzes the effect of elasticity on the tax burden. http://cba.ua.edu/~rpascala/episode_20070531_105657-0500.m4a Principles of Microeconomics Thu, 31 May 2007 10:56:55 -0500 no 00:25:01 Razvan Pascalau This chapter discusses consumer and producer surplus. It also looks at the efficiency of markets. This chapter discusses consumer and producer surplus. It also looks at the efficiency of markets. This chapter discusses consumer and producer surplus. It also looks at the efficiency of markets. http://cba.ua.edu/~rpascala/episode_20070602_012632-0500.m4b Principles of Microeconomics Sat, 02 Jun 2007 01:26:29 -0500 no 00:33:37 Razvan Pascalau This chapter discusses the deadweight loss of taxation. It arises because the reduction of total consumer and producer surplus is higher than the government revenue. This chapter discusses the deadweight loss of taxation. It arises because the reduction of total consumer and producer surplus is higher than the government revenue. This chapter discusses the deadweight loss of taxation. It arises because the reduction of total consumer and producer surplus is higher than the government revenue. http://cba.ua.edu/~rpascala/episode_20070604_000000-0500.m4a Principles of Microeconomics Sun, 03 Jun 2007 23:59:59 -0500 no 00:19:00 NO