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Cowen/Tabarrok Microeconomics Textbook Video-Mapped Syllabus


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Professors’ needs and feedback shaped the design of MRU’s Principles of Microeconomics syllabus. All lessons feature an MRU video that introduces the day’s topic in an entertaining and thought-provoking way. If you implement aspects of this syllabus, we’d love to know what you think!

 

The syllabus follows a M-W-F schedule but can be adapted to the needs of your class.

 

Want more supplementary videos? Take a look at our entire Principles of Microeconomics video course.


Textbook: This syllabus follows the structure of the 3rd edition Modern Principles of Economics by Tyler Cowen and Alex Tabarrok.

 

Week 1: Intro to Economics

 

Concept: Intro to Microeconomics

Textbook section: Intro to Microeconomics

 

Concept: Intro to Microeconomics, Intro to Flipped Classroom

Videos: Introduction to Microeconomics

Textbook section: Intro to Microeconomics

 

Concept: Comparative Advantage

Videos: The Big Ideas of Trade,  Comparative Advantage

Textbook section: Comparative Advantage

 

 

 

Concept: Intro to Supply and Demand

Videos: The Demand Curve, The Supply Curve, The Equilibrium Price

Textbook section: Supply and Demand

 

Concept: Shifts to Supply and Demand

Videos: A Deeper Look at the Demand Curve, The Demand Curve Shifts, A Deeper Look at the Supply Curve, The Supply Curve Shifts

Textbook section:  Supply and Demand

 

Concept: Equilibrium

Videos: Exploring Equilibrium, Does the Equilibrium Model Work?, Supply and Demand Terminology

Textbook section: Equilibrium

 

 

 

Concept: Intro to Elasticity

Videos: Elasticity of Demand, Calculating the Elasticity of Demand, Elasticity of Supply

Textbook section:  Elasticity

 

Concept: Elasticity Applied

Videos: Elasticity and Slave Redemption, Applications Using Elasticity

Textbook section: Elasticity

 

Concept: Review one difficult concept from an earlier lecture (or catch up)

Videos: TBD

Chapter: TBD

 

 

 

Concept: Taxes and Elasticity

Videos: Commodity Taxes, Who Pays the Tax?

Textbook section: Taxes and Subsidies

 

Concept: Deadweight Loss

Videos: Tax Revenue and Deadweight Loss

Textbook section: Taxes and Subsidies

 

Concept: Subsidies

Videos: Subsidies, Wage Subsidies

Textbook section: Taxes and Subsidies

 

 

 

Concept: Prices

Videos: I, Rose, A Price Is a Signal Wrapped up in an Incentive, Markets Link the World, The Great Economic Problem, Information and Incentives, Speculation (optional), Prediction Markets (optional)

Textbook section: Prices

 

Concept: Price Ceilings

Videos: Price Ceilings, Price Ceilings: Shortages and Quality Reduction, Price Ceilings: Lines and Search Costs, Price Ceilings: Deadweight Loss, Price Ceilings: Misallocation of Resources, Price Ceilings: Rent Controls

Textbook section:  Price Ceilings

 

Concept: Price Floors

Videos: Price Floors: The Minimum Wage, Price Floors: Airline Fares, Why Do Governments Enact Price Controls?, Price Controls and Communism

Textbook section: Price Floors

 

 

 

Concept: Externalities

Videos: An Introduction to Externalities, External Benefits, Command and Control Solutions

Textbook section:  Externalities

 

Concept: Coase and Coase Applied

Videos: The Coase Theorem, Trading Pollution, A Deeper Look at Tradeable Allowances

Textbook section:  Externalities

 

Concept: Review one difficult concept from an earlier lecture (or catch up)

Videos: TBD

Chapter: TBD

 

 

 

Concept: Intro to Firm’s Profit Maximization

Videos: Introduction to the Competitive Firm, Maximizing Profit under Competition, Maximizing Profit and the Average Cost Curve

Textbook section: Costs and Profit Maximization Under Competition

 

Concept: Market Entry and Exit Decisions

Videos: Entry, Exit, and Supply Curves: Increasing Costs, Entry, Exit, and Supply Curves: Constant Costs, Entry, Exit, and Supply Curves: Decreasing Costs

Textbook section: Costs and Profit Maximization Under Competition

 

Concept: Invisible Hand in Competition

Videos: Minimization of Total Industry Costs of Production, The Balance of Industries and Creative Destruction

Textbook section: Competition

 

 

 

 

 

Concept: Intro to Monopoly

Videos: Maximizing Profit under Monopoly, The Monopoly Markup

Textbook section: Monopoly

 

Concept: Costs and Benefits of Monopolies

Video: The Costs and Benefits of Monopoly

Textbook section: Monopoly

 

Concept: Monopolistic Competition and Advertising

Video: N/A

Textbook section: Monopolistic Competition and Advertising

 

 

 

Concept: Price Discrimination

Videos: Introduction to Price Discrimination

Textbook section: Price Discrimination

 

Concept: Costs and Benefits of Price Discrimination

Videos: The Social Welfare of Price Discrimination

Textbook section: Price Discrimination

 

Concept: Price Discrimination Techniques: Tying and Bundling

Videos: Tying, Bundling

Textbook section: Price Discrimination

 

 

 

Concept: Intro to Oligopoly

Videos: N/A

Textbook section: Oligopoly and Game Theory

 

Concept: Prisoner’s Dilemma Experiment

Videos: Prisoner’s Dilemma

Textbook section: Oligopoly and Game Theory

 

Concept: Oligopoly and Game Theory

Videos: N/A

Textbook section: Oligopoly and Game Theory

 

 

 

Concept: Intro to Supply and Demand of Labor

Videos: The Marginal Product of Labor, Human Capital and Signaling

Textbook section: Labor Markets

 

Concept: Compensating Wage Differentials

Videos: The Tradeoff Between Fun and Wages, Compensating Differentials

Textbook section: Labor Markets

 

Concept: Labor Issues and Policy

Videos: Do Unions Raise Wages?

Textbook section: Labor Markets

 

 

 

Concept: Public Goods

Videos: Public Goods and Asteroid Defense, A Deeper Look at Public Goods, Club Goods

Textbook section: Public Goods and the Tragedy of the Commons

 

Concept: Tragedy of the Commons

Videos: The Tragedy of the Commons

Textbook section: Public Goods and Tragedy of the Commons

 

Concept: Review Government Solutions to Externalities

Videos: (Review) An Introduction to Externalities, External Benefits, Command and Control Solutions,

Textbook section: Externalities

 

 

 

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