User:Scowalt/Books/ECON102

Spring 2014 UIUC

 * Week 1 - Main Economic Principles
 * Gains from trade
 * Opportunity cost


 * Week 2 - The PPF and Trade
 * Scarcity
 * Production–possibility frontier
 * Diminishing returns


 * Week 3 - Supply and Demand-Part I
 * Supply and demand
 * Substitute good
 * Complementary good
 * Income elasticity of demand
 * Inferior good
 * Normal good
 * Law of demand
 * Demand curve


 * Week 4 - Supply and Demand - Part II
 * Economic equilibrium


 * Week 6 - Market Efficiency and Government Intervention
 * Economic surplus
 * Price ceiling
 * Price floor


 * Week 7 - Elasticities
 * Price elasticity of demand
 * Price elasticity of supply
 * Cross elasticity of demand


 * Week 8 - Production and Costs
 * Cost curve
 * Fixed cost
 * Marginal cost
 * Variable cost
 * Economies of scale
 * Average cost
 * Marginal product


 * Week 11 - Competitive Output
 * Total revenue
 * Marginal revenue
 * Profit maximization
 * Perfect competition


 * Week 12 - Monopoly
 * Monopoly
 * Monopolistic competition
 * Price discrimination


 * Week 13 - Game Theory
 * Oligopoly
 * OPEC
 * Kinked demand
 * Sherman Antitrust Act


 * Week 15 - Public Goods and Externalities
 * Public good
 * Free rider problem
 * Club good
 * Externality