2578 views

Lec 40 - Optimal Point on Budget Line

Optimal Point on Budget Line Using indifference curves to think about the point on the budget line that maximizes total utility

Video is embedded from external source so embedding is not available.

Video is embedded from external source so download is not available.

Channels: Economics

Tags: Optimal Point on Budget Line

Uploaded by: ( Send Message ) on 18-09-2012.

Duration: 9m 24s

Here is the next lecture for this course

No content is added to this lecture.

Go to course:

This video is a part of a lecture series from of khan

Lecture list for this course

Lec 1 - Production Possibilities Frontier

Lec 2 - Opportunity Cost

Lec 3 - Increasing Opportunity Cost

Lec 4 - Allocative Efficiency and Marginal Benefit

Lec 5 - Economic Growth through Investment

Lec 6 - Comparative Advantage Specialization and Gains from Trade

Lec 7 - Comparative Advantage and Absolute Advantage

Lec 8 - Law of Demand

Lec 9 - Price of Related Products and Demand

Lec 10 - Changes in Income, Population, or Preferences

Lec 11 - Normal and Inferior Goods

Lec 12 - Inferior Goods Clarification

Lec 13 - Law of Supply

Lec 14 - Factors Affecting Supply

Lec 15 - Market Equilibrium

Lec 16 - Changes in Market Equilibrium

Lec 17 - Price Elasticity of Demand

Lec 18 - More on Elasticity of Demand

Lec 19 - Perfect Inelasticity and Perfect Elasticity of Demand

Lec 20 - Constant Unit Elasticity

Lec 21 - Total Revenue and Elasticity

Lec 22 - More on Total Revenue and Elasticity

Lec 23 - Cross Elasticity of Demand

Lec 24 - Elasticity of Supply

Lec 25 - Elasticity and Strange Percent Changes

Lec 26 - Demand Curve as Marginal Benefit Curve

Lec 27 - Consumer Surplus Introduction

Lec 28 - Total Consumer Surplus as Area

Lec 29 - Producer Surplus

Lec 30 - Rent Control and Deadweight Loss

Lec 31 - Minimum Wage and Price Floors

Lec 32 - Taxation and Dead Weight Loss

Lec 33 - Percentage Tax on Hamburgers

Lec 34 - Taxes and Perfectly Inelastic Demand

Lec 35 - Taxes and Perfectly Elastic Demand

Lec 36 - Marginal Utility

Lec 37 - Equalizing Marginal Utility per Dollar Spent

Lec 38 - Deriving Demand Curve from Tweaking Marginal Utility per Dollar

Lec 39 - Budget Line

Lec 41 - Types of Indifference Curves

Lec 42 - Economic Profit vs Accounting Profit

Lec 43 - Depreciation and Opportunity Cost of Capital

Lec 44 - Fixed, Variable, and Marginal Cost.

Lec 45 - Visualizing Average Costs and Marginal Costs as Slope

Lec 46 - Marginal Cost and Average Total Cost

Lec 47 - Marginal Revenue and Marginal Cost

Lec 48 - Marginal Revenue Below Average Total Cost

Lec 49 - Long Term Supply Curve and Economic Profit

Lec 50 - Perfect Competition

Lec 51 - Monopoly Basics

Lec 52 - Monopolist Optimizing Price (part 1)- Total Revenue.

Lec 53 - Monopolist Optimizing Price (part 2)- Marginal Revenue

Lec 54 - Monopolist Optimizing Price (part 3)- Dead Weight Loss.avi

Lec 55 - Optional Calculus Proof to Show that MR has Twice Slope of Demand

Lec 56 - Review of Revenue and Cost Graphs for a Monopoly

Lec 57 - Oligopolies and Monopolisitc Competition

Lec 58 - Monopolistic Competition and Economic Profit

Lec 59 - Oligopolies, Duopolies, Collusion, and Cartels

Lec 60 - Prisoners' Dilemma and Nash Equilibrium

Lec 61 - More on Nash Equilibrium

Lec 62 - Why Parties to Cartels Cheat

Lec 63 - Game Theory of Cheating Firms

Lec 64 - Negative Externalities

Lec 65 - Taxes for Factoring in Negative Externalities

Lec 66 - Positive Externalities

Lec 67 - Tragedy of the Commons

Lec 68 - First Degree Price Discrimination

Lec 69 - A Firm's Marginal Product Revenue Curve

Lec 70 - How Many People to Hire Given the MPR curve

Lec 71 - Adding Demand Curves

Lec 72 - Circular Flow of Income and Expenditures

Lec 73 - Parsing Gross Domestic Product

Lec 74 - More on Final and Intermediate GDP Contributions

Lec 75 - Investment and Consumption

Lec 76 - Income and Expenditure Views of GDP

Lec 77 - Components of GDP

Lec 78 - Examples of Accounting for GDP

Lec 79 - Real GDP and Nominal GDP

Lec 80 - GDP Deflator

Lec 81 - Example Calculating Real GDP with a Deflator

Lec 82 - Introduction to Inflation

Lec 83 - Actual CPI-U Basket of Goods

Lec 84 - Phillips Curve

Lec 85 - Interest as Rent for Money

Lec 86 - Money Supply and Demand Impacting Interest Rates

Lec 87 - The Business Cycle

Lec 88 - Aggregate Demand

Lec 89 - Shifts in Aggregate Demand

Lec 90 - Long-Run Aggregate Supply

Lec 91 - Short Run Aggregate Supply

Lec 92 - Demand-Pull Inflation under Johnson

Lec 93 - Real GDP driving Price

Lec 94 - Cost Push Inflation

Lec 95 - Monetary and Fiscal Policy

Lec 96 - Tax Lever of Fiscal Policy

Lec 97 - Breakdown of Gas Prices

Lec 98 - Short-Run Oil Prices

Lec 99 - Keynesian Economics

Lec 100 - Risks of Keynesian Thinking

Lec 101 - Overview of Fractional Reserve Banking