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Microeconomics · Lessons

Microeconomics lessons

6 sections · 42 skills · work through the full outline skill by skill — read the long-form lesson or flip through the slide-style version.
Long-form lessonsSlide-style lessons

Microeconomics

Practice 42 skills across this outline.

Recommended next
Preferences, Utility & Budget Constraint
Competitive Markets: Supply, Demand & Welfare
Long-form lesson
Weighting distribution
6 categories
Competitive Markets: Supply, Demand & Welfare
17%
Input Markets & Distribution
17%
Foundations & Economic Reasoning
17%
Market Power & Strategic Interaction
17%
Market Failure, Efficiency & Public Policy
17%
Competitive Equilibrium
17%

Skills

The comprehensive taxonomy of microeconomics — drill into a card to work its skills.

Competitive Markets: Supply, Demand & Welfare

13 core skills17% total weight
0/13 completed
13 skills to mastery
1
Preferences, Utility & Budget ConstraintRecommended
Long-form
2
Effects of Government Intervention in MarketsAvailable
Long-form
3
SupplyAvailable
Long-form
4
Utility Maximization & Demand DerivationAvailable
Long-form
5
Price Elasticity of DemandAvailable
Long-form
6
Price Elasticity of SupplyAvailable
Long-form
7
DemandAvailable
Long-form
8
Other ElasticitiesAvailable
Long-form
9
International Trade and Public PolicyAvailable
Long-form
10
Deadweight Loss as Unifying Welfare MetricAvailable
Long-form
11
Market Disequilibrium and Changes in EquilibriumAvailable
Long-form
12
Indifference Curves, Marginal Rate of SubstitutionAvailable
Long-form
13
Market Equilibrium and Consumer/Producer SurplusAvailable
Long-form

Input Markets & Distribution

4 core skills17% total weight
0/4 completed
4 skills to mastery
1
Profit-Maximizing Behavior in Factor MarketsAvailable
Long-form
2
Changes in Factor Demand and SupplyAvailable
Long-form
3
Introduction to Factor MarketsAvailable
Long-form
4
Monopsonistic MarketsAvailable
Long-form

Foundations & Economic Reasoning

6 core skills17% total weight
0/6 completed
6 skills to mastery
1
Resource Allocation and Economic SystemsAvailable
Long-form
2
Marginal Analysis and Consumer ChoiceAvailable
Long-form
3
ScarcityAvailable
Long-form
4
Production Possibilities CurveAvailable
Long-form
5
Comparative AdvantageAvailable
Long-form
6
Cost-Benefit AnalysisAvailable
Long-form

Market Power & Strategic Interaction

5 core skills17% total weight
0/5 completed
5 skills to mastery
1
Price DiscriminationAvailable
Long-form
2
Oligopoly & Game TheoryAvailable
Long-form
3
Introduction to Imperfectly Competitive MarketsAvailable
Long-form
4
Monopolistic CompetitionAvailable
Long-form
5
MonopolyAvailable
Long-form

Market Failure, Efficiency & Public Policy

7 core skills17% total weight
0/7 completed
7 skills to mastery
1
Distribution & EquityAvailable
Long-form
2
Information AsymmetryAvailable
Long-form
3
Government Intervention in Different Market StructuresAvailable
Long-form
4
Risk & UncertaintyAvailable
Long-form
5
Socially Efficient and Inefficient Market OutcomesAvailable
Long-form
6
ExternalitiesAvailable
Long-form
7
Public and Private GoodsAvailable
Long-form

Competitive Equilibrium

7 core skills17% total weight
0/7 completed
7 skills to mastery
1
Profit MaximizationAvailable
Long-form
2
Long-Run Production CostsAvailable
Long-form
3
Short-Run Production CostsAvailable
Long-form
4
Types of ProfitAvailable
Long-form
5
Firms' Short and Long-Run DecisionsAvailable
Long-form
6
Perfect CompetitionAvailable
Long-form
7
The Production FunctionAvailable
Long-form