OpenStax, a nonprofit at Rice University, offers high quality open license textbooks. Among the many topics they’ve covered, they’ve created a Principles of Microeconomics textbook, now in its second edition.
Here we've mapped videos from Marginal Revolution University's Principles of Micro, Principles of Macro, and Everyday Economics courses to the chapters of this textbook. You can show them in class or assign them for homework — don't forget they all come with practice questions!
In parentheses of chapter titles, we’ve included the corresponding chapter numbers of OpenStax’s Micro/Macro combination text, Principles of Economics (second edition) (left blank when the chapter number is the same).
You can view the video mapping as a Google Doc.
Videos:
Videos:
The Equilibrium Price and Quantity
A Deeper Look at the Demand Curve
A Deeper Look at the Supply Curve
Price Ceilings: Shortages and Quality Reduction
SUPPLEMENTAL: Rent Control in Mumbai
Videos:
SUPPLEMENTAL: The Economics of Choosing the Right Career
Videos:
Calculating the Elasticity of Demand
Elasticity and Slave Redemption
SUPPLEMENTAL: Office Hours: Elasticity of Demand
Videos:
Introduction to Consumer Choice
Videos:
Introduction to the Competitive Firm
Maximizing Profit Under Competition
Maximizing Profit and the Average Cost Curve
Entry, Exit, and Supply Curves: Increasing Costs
Entry, Exit, and Supply Curves: Constant Costs
Entry, Exit, and Supply Curves: Decreasing Costs
Videos:
Maximizing Profit Under Monopoly
SUPPLEMENTAL: Office Hours: Calculating Monopoly Profit
Videos:
Videos:
An Introduction to Externalities
A Deeper Look at Tradable Allowances
Videos:
Public Goods and Asteroid Defense
Videos:
Videos:
Asymmetric Information and Used Cars
Asymmetric Information in Health Insurance
Videos:
The Miracle of Compound Returns
Investing: Why You Should Diversify
Videos:
Another Look at Comparative Advantage
SUPPLEMENTAL: Comparative Advantage Homework
Videos:
Videos:
- University
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