Microeconomics | Economics | Khan Academy

Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, ... Ifyou'reseeingthismessage,itmeanswe'rehavingtroubleloadingexternalresourcesonourwebsite. Ifyou'rebehindawebfilter,pleasemakesurethatthedomains*.kastatic.organd*.kasandbox.orgareunblocked. CoursesSearchDonateLoginSignupSearchforcourses,skills,andvideosMaincontentEconomicsMicroeconomicsEconomicsMicroeconomicsCoursesummaryBasiceconomicconceptsMasteryunavailableIntroductiontoeconomics:BasiceconomicconceptsEconomicsystems:BasiceconomicconceptsProductionpossibilitiesfrontier:BasiceconomicconceptsComparativeadvantageandthetermsoftrade:BasiceconomicconceptsSupply,demand,andmarketequilibriumDemand:Supply,demand,andmarketequilibriumSupply:Supply,demand,andmarketequilibriumMarketequilibriumandchangesinequilibrium:Supply,demand,andmarketequilibriumElasticityMasteryunavailablePriceelasticityofdemand:ElasticityPriceelasticityofsupply:ElasticityIncomeelasticityofdemandandcross-priceelasticityofdemand:ElasticityConsumerandproducersurplus,marketinterventions,andinternationaltradeMasteryunavailableConsumerandproducersurplus:Consumerandproducersurplus,marketinterventions,andinternationaltradeMarketinterventionsanddeadweightloss:Consumerandproducersurplus,marketinterventions,andinternationaltradeInternationaltrade:Consumerandproducersurplus,marketinterventions,andinternationaltradeConsumertheoryMasteryunavailableIntroductiontoconsumertheory:totalutilityandmarginalutility:ConsumertheoryUtilitymaximizationusingmarginalutilityperdollarspent:ConsumertheoryUtilitymaximizationwithindifferencecurves:ConsumertheoryProductiondecisionsandeconomicprofitMasteryunavailableIntroductiontoproductionandcosts:ProductiondecisionsandeconomicprofitProductionandcostsintheshortrun:ProductiondecisionsandeconomicprofitProductionandcostsinthelongrun:ProductiondecisionsandeconomicprofitTypesofprofit:ProductiondecisionsandeconomicprofitProfitmaximization:ProductiondecisionsandeconomicprofitFirmentry,exit,andtheshut-downrule:ProductiondecisionsandeconomicprofitFormsofcompetitionMasteryunavailablePerfectcompetition:FormsofcompetitionMonopoly:FormsofcompetitionPricediscrimination:FormsofcompetitionMonopolisticcompetition:FormsofcompetitionOligopolyandgametheory:FormsofcompetitionFactormarketsMasteryunavailableIntroductiontofactormarkets:FactormarketsChangesinfactordemandandsupply:FactormarketsOptimalchoiceoffactorsinperfectlycompetitivefactormarkets:FactormarketsChoosinginputswhenfactormarketsaremonopolisticallycompetitive:FactormarketsMarketfailureandtheroleofgovernmentMasteryunavailableExternalities:MarketfailureandtheroleofgovernmentBonusarticles:Pollutionasanegativeexternality:MarketfailureandtheroleofgovernmentBonusarticles:Innovationasapositiveexternality:MarketfailureandtheroleofgovernmentThefourtypesofgoods:privategoods,publicgoods,commonresources,andnaturalmonopolies:MarketfailureandtheroleofgovernmentCoursechallengeTestyourknowledgeoftheskillsinthiscourse.Haveatestcomingup?TheCoursechallengecanhelpyouunderstandwhatyouneedtoreview.StartCoursechallengeCommunityquestions