Cowen/Tabarrok Microeconomics Textbook Video-Mapped Syllabus

Contributors: 
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Mary Clare Peate
Instructional Designer

Professors’ needs and feedback shaped the design of MRU’s Principles of Microeconomics syllabus. All lessons feature an MRU video that introduces the day’s topic in an entertaining and thought-provoking way. If you implement aspects of this syllabus, we’d love to know what you think!

 

The syllabus follows a M-W-F schedule but can be adapted to the needs of your class.

 

Want more supplementary videos? Take a look at our entire Principles of Microeconomics video course.


Textbook: This syllabus follows the structure of the 3rd edition Modern Principles of Economics by Tyler Cowen and Alex Tabarrok.

 

Week 1: Intro to Economics

 

Concept: Intro to Microeconomics

Textbook section: Intro to Microeconomics

 

Concept: Intro to Microeconomics, Intro to Flipped Classroom

Videos: Introduction to Microeconomics

Textbook section: Intro to Microeconomics

 

Concept: Comparative Advantage

Videos: The Big Ideas of Trade,  Comparative Advantage

Textbook section: Comparative Advantage

 

 

 

Concept: Intro to Supply and Demand

Videos: The Demand Curve, The Supply Curve, The Equilibrium Price

Textbook section: Supply and Demand

 

Concept: Shifts to Supply and Demand

Videos: A Deeper Look at the Demand Curve, The Demand Curve Shifts, A Deeper Look at the Supply Curve, The Supply Curve Shifts

Textbook section:  Supply and Demand

 

Concept: Equilibrium

Videos: Exploring Equilibrium, Does the Equilibrium Model Work?, Supply and Demand Terminology

Textbook section: Equilibrium

 

 

 

Concept: Intro to Elasticity

Videos: Elasticity of Demand, Calculating the Elasticity of Demand, Elasticity of Supply

Textbook section:  Elasticity

 

Concept: Elasticity Applied

Videos: Elasticity and Slave Redemption, Applications Using Elasticity

Textbook section: Elasticity

 

Concept: Review one difficult concept from an earlier lecture (or catch up)

Videos: TBD

Chapter: TBD

 

 

 

Concept: Taxes and Elasticity

Videos: Commodity Taxes, Who Pays the Tax?

Textbook section: Taxes and Subsidies

 

Concept: Deadweight Loss

Videos: Tax Revenue and Deadweight Loss

Textbook section: Taxes and Subsidies

 

Concept: Subsidies

Videos: Subsidies, Wage Subsidies

Textbook section: Taxes and Subsidies

 

 

 

Concept: Prices

Videos: I, Rose, A Price Is a Signal Wrapped up in an Incentive, Markets Link the World, The Great Economic Problem, Information and Incentives, Speculation (optional), Prediction Markets (optional)

Textbook section: Prices

 

Concept: Price Ceilings

Videos: Price Ceilings, Price Ceilings: Shortages and Quality Reduction, Price Ceilings: Lines and Search Costs, Price Ceilings: Deadweight Loss, Price Ceilings: Misallocation of Resources, Price Ceilings: Rent Controls

Textbook section:  Price Ceilings

 

Concept: Price Floors

Videos: Price Floors: The Minimum Wage, Price Floors: Airline Fares, Why Do Governments Enact Price Controls?, Price Controls and Communism

Textbook section: Price Floors

 

 

 

Concept: Externalities

Videos: An Introduction to Externalities, External Benefits, Command and Control Solutions

Textbook section:  Externalities

 

Concept: Coase and Coase Applied

Videos: The Coase Theorem, Trading Pollution, A Deeper Look at Tradeable Allowances

Textbook section:  Externalities

 

Concept: Review one difficult concept from an earlier lecture (or catch up)

Videos: TBD

Chapter: TBD

 

 

 

Concept: Intro to Firm’s Profit Maximization

Videos: Introduction to the Competitive Firm, Maximizing Profit under Competition, Maximizing Profit and the Average Cost Curve

Textbook section: Costs and Profit Maximization Under Competition

 

Concept: Market Entry and Exit Decisions

Videos: Entry, Exit, and Supply Curves: Increasing Costs, Entry, Exit, and Supply Curves: Constant Costs, Entry, Exit, and Supply Curves: Decreasing Costs

Textbook section: Costs and Profit Maximization Under Competition

 

Concept: Invisible Hand in Competition

Videos: Minimization of Total Industry Costs of Production, The Balance of Industries and Creative Destruction

Textbook section: Competition

 

 

 

 

 

Concept: Intro to Monopoly

Videos: Maximizing Profit under Monopoly, The Monopoly Markup

Textbook section: Monopoly

 

Concept: Costs and Benefits of Monopolies

Video: The Costs and Benefits of Monopoly

Textbook section: Monopoly

 

Concept: Monopolistic Competition and Advertising

Video: N/A

Textbook section: Monopolistic Competition and Advertising

 

 

 

Concept: Price Discrimination

Videos: Introduction to Price Discrimination

Textbook section: Price Discrimination

 

Concept: Costs and Benefits of Price Discrimination

Videos: The Social Welfare of Price Discrimination

Textbook section: Price Discrimination

 

Concept: Price Discrimination Techniques: Tying and Bundling

Videos: Tying, Bundling

Textbook section: Price Discrimination

 

 

 

Concept: Intro to Oligopoly

Videos: N/A

Textbook section: Oligopoly and Game Theory

 

Concept: Prisoner’s Dilemma Experiment

Videos: Prisoner’s Dilemma

Textbook section: Oligopoly and Game Theory

 

Concept: Oligopoly and Game Theory

Videos: N/A

Textbook section: Oligopoly and Game Theory

 

 

 

Concept: Intro to Supply and Demand of Labor

Videos: The Marginal Product of Labor, Human Capital and Signaling

Textbook section: Labor Markets

 

Concept: Compensating Wage Differentials

Videos: The Tradeoff Between Fun and Wages, Compensating Differentials

Textbook section: Labor Markets

 

Concept: Labor Issues and Policy

Videos: Do Unions Raise Wages?

Textbook section: Labor Markets

 

 

 

Concept: Public Goods

Videos: Public Goods and Asteroid Defense, A Deeper Look at Public Goods, Club Goods

Textbook section: Public Goods and the Tragedy of the Commons

 

Concept: Tragedy of the Commons

Videos: The Tragedy of the Commons

Textbook section: Public Goods and Tragedy of the Commons

 

Concept: Review Government Solutions to Externalities

Videos: (Review) An Introduction to Externalities, External Benefits, Command and Control Solutions,

Textbook section: Externalities

 

 

 

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