Unit 3 - Micro
(Production, Cost, and Perfect Competition)
vIDEOS: sYNCHRONOUS blOCKS
vIDEOS: sYNCHRONOUS blOCKS
Synchronous Blocks:
Synchronous Blocks:
Cost of Production

Cost of Production (Part 1)

Cost of Production (Part 2) - Block 2

Cost of Production (Part 2) - Block 3

Cost of Production (Part 3) Block 2
Synchronous Blocks:
Synchronous Blocks:
Market Structures:
Perfect Competition

Mkt Structures: Perfect Competition (Part 1) - Block 2

Mkt Structures: Perfect Competition (Part 2)

Mkt Structures: Perfect Competition (Part 3); Intro to Market Power (Block 2)

Mkt Structures: Perfect Competition (Part 3); Intro to Market Power (Block 6)
cONCEPT vIDEOS
cONCEPT vIDEOS
Short-Run Production Costs: (3.2)
Short-Run Production Costs: (3.2)
Fixed, Variable, and Total Cost
Average Fixed, Variable, and TC
The Relation Between Marginal Cost and Variable Cost
Short-Run Production Costs: (3.2)
Short-Run Production Costs: (3.2)
Marginal Costs, Average Costs, and Total Costs
Short-Run Decision to Produce: (3.6)
Short-Run Decision to Produce: (3.6)
MC, AVC, and the Supply Curve
Long-Run Production Costs: (3.3)
Long-Run Production Costs: (3.3)

Long-Run Production Costs (Economies of Scale)
Types of Profit: (3.4)
Types of Profit: (3.4)
Opportunity Cost: Part 1
Opportunity Cost: Part 2
Introduction to Market Structures
Introduction to Market Structures
Market Structures
Perfect Competition & Profit Maximization: (3.5/3.7)
Perfect Competition & Profit Maximization: (3.5/3.7)
Perfect Competition Part 1
Perfect Competition Part 2
MR = MC: The Profit Maximization Rule
Perfect Competition: (3.7)
Perfect Competition: (3.7)
(A Deeper Dive)
Perfect Competition: Short-Run Profits
Perfect Competition Part 4b
Perfect Competition Part 3b
Perfect Competition w/ Per Unit Taxes
Perfect Competition Part 4
Perfect Competition: Increasing Cost Industry (Short-Run Losses)
Infographics associated (Slot Notes)
Infographics associated (Slot Notes)

Marginal Returns & the Cost of Production

Marginal vs Average Measurements

The AVC, ATC, MC, and the Supply Curve

Perfect Competition
Infographics (Filled In)
Infographics (Filled In)