IB Economics 2. Microeconomics Videos

2.1.1 The law of demand

2.1.2 Demand curve

2.1.3 Consumer and market demand

2.1.4 Non-price determinants of demand

2.1.5 Movements and shifts of the demand curve

2.2.2 The Supply Curve

2.2.3 Individual producer’s supply and market supply

2.2.4 Non-price Determinants of Supply

2.2.5 Movements along and shifts of the supply curve

2.3.1 Demand and supply curves forming a market equilibrium

2.3.2 Shifting demand and supply curves to produce a new market equilibrium

2.3.3 Functions of the price mechanism

2.3.4 Consumer and producer surplus

2.3.6 Allocative efficiency at the competitive market equilibrium

2.4.1 Rational consumer choice (HL only)

2.4.2 Behavioural economics in action (HL only)

2.4.3 Business objectives (HL only)

2.5.1 Concept of elasticity

2.5.2 Price elasticity of demand (PED)

2.5.2 Price elasticity of demand (PED) (Part 2)

2.5.2 Price elasticity of demand (PED) (Part 3)

2.5.3 Importance of PED for firms and government decision making

2.5.4 Why PED for primary commodities is generally lower than manufactured products (HL only)

2.5.5 Income elasticity of demand (YED)

2.5.6 Importance of YED (HL only)

2.6.1 Price elasticity of supply (PES)

2.6.1 Price elasticity of supply (PES) (Part 2)

2.6.2 Why PES for primary commodities is lower than for manufactured products (HL only)

2.7.1 Reasons for government intervention in markets

2.7.2 Main forms of government intervention in markets

2.7.2 Main forms of government intervention in markets (Part 2)

2.7.2 Main forms of government intervention in markets (Part 3)

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC).

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 2)

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 3)

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 4)

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 5)

2.8.2 Government intervention in response to externalities and common pool resources

2.8.2 Government intervention in response to externalities and common pool resources (Part 2)

2.8.2 Government intervention in response to externalities and common pool resources (Part 3)

2.8.4 Importance of international cooperation

2.9.1 Public goods

2.9.2 Government intervention in response to public goods

2.10.1 Asymmetric information

2.10.2 Responses to asymmetric information

2.11.1 Perfect competition

2.11.1 Perfect competition (Part 2)

2.11.1 Perfect competition (Part 3)

2.11.2 Monopoly - single or dominant firm, high barriers to entry, no close substitutes

2.11.4 Rational producer behaviour

2.11.4 Rational producer behaviour (Part 2)

2.11.4 Rational producer behaviour (Part 3)

2.11.4 Rational producer behaviour (Part 4)

2.11.4 Rational producer behaviour (Part 5)

2.11.5 Degrees of market power

2.11.6 Monopoly

2.11.6 Monopoly (Part 2)

2.11.6 Monopoly (Part 3)

2.11.7 Oligopoly

2.11.7 Oligopoly (Part 2)

2.11.7 Oligopoly (Part 3)

2.11.7 Oligopoly (Part 4)

2.11.7 Oligopoly (Part 5)

2.11.7 Oligopoly (Part 6)

2.11.8 Monopolistic competition

2.11.8 Monopolistic competition (Part 2)

2.11.8 Monopolistic competition (Part 3)

2.11.10 Risks in markets dominated by one or a few very large firms

2.11.11 Government intervention in response to abuse of significant market power

2.12.1 The market’s inability to achieve equity