Choices & Change: Microeconomics Episode Guide

Episode Guide

• Alternative Markets for Resources

  Market power; demand; supply; unions; capital; natural resources.

• Applications of Supply and Demand

  Supply; demand; surplus; shortage; market-based economy.

• Competitive Markets

  Competitive market; profit; loss.

• Confronting Scarcity

  Production possibilities curve; resources; Gulf of Mexico; conflicts; economic growth; trade.

• Consumer Choice

  Diminishing marginal utility; consumer behavior; market failure.

• Elasticity

  Elasticity; demand curves; business revenue; calculating; price; income; water.

• Environmental and Global Issues

  International trade; pollution.

• Imperfect Competition

  Competition; monopoly; oligopoly; students; advertising; expense.

• Monopoly

  Monopoly; newspapers; antitrust legislation.

• Production and Cost

  Production; cost curves; market structures.

• Public Finance and Public Choice

  Poverty; discrimination; government programs; equity.

• The Study of Choice

  Scarcity; choices; resources.

• Supply and Demand

  Supply; demand; surplus; shortage; market-based economy.

• Wages and Employment

  Economist; supply; demand; profit; hiring; labor; marginal revenue; moral dilemma.