Introduction to Microeconomics

These are presentation slides about Market Equilibrium with the interaction between Demand and Supply. We demonstrate shifts in the demand and supply curves to show how equilibrium price and quantity will change. Finally, we discuss how the market will always work towards equilibrium because of how ...

These are presentation slides about Supply Analysis. We discuss the determinants of supply, such as the price of inputs, technological advances, and business taxes. Then, we show how to find the market supply for a microeconomy. Finally, we demonstrate the difference between a shift and movement on ...

These are presentation slides about Demand Analysis. We introduce the various determinants of demand and how they will shift the demand curve. We then calculate the market demand for a microeconomy. Finally, we will discuss the difference between a shift and a movement on the demand curve. The next ...

These are presentation slides about Specialization and Trade. Following the Production Possibilities Frontier slides, we will be using them to find the absolute and comparative advantages to show the gains from trading with other countries or sellers. We use various examples to show the different ty...

These are presentation slides about Production Possibilities Frontier (PPF), also known as the Production Possibilities Curve (PPC). We introduce the definition, its practice use, how to find efficiency, constant vs. increasing opportunity cost, and how it can illustrate economic growth. Finally, we...