Thinking Like an Economist
Calculating Opportunity Costs | Practice | Quiz |
Determining Absolute and Comparative Advantage | Practice | Quiz |
Calculating Marginal and Total Benefits in a Table | Practice | Quiz |
Calculating Marginal and Total Costs in a Table | Practice | Quiz |
Identifying Optimal Quantity from a Table | Practice | Quiz |
How Do Markets Work? (Supply, Demand & Equilibrium)
Identifying Points on a Demand Table | Practice | Quiz |
Identifying Points on a Demand Graph | Practice | Quiz |
Demand Shifts vs. Movements | Practice | Quiz |
Identifying Points on a Supply Table | Practice | Quiz |
Identifying Points on a Supply Graph | Practice | Quiz |
Supply Shifts vs. Movements | Practice | Quiz |
Identifying Market Equilibrium on a Table | Practice | Quiz |
Identifying Market Equilibrium on a Graph | Practice | Quiz |
Identifying Market Disequilibrium on a Table | Practice | Quiz |
Identifying Market Disequilibrium on a Graph | Practice | Quiz |
New Market Equilibrium from a Table | Practice | Quiz |
New Market Equilibrium from a Graph | Practice | Quiz |
Consumers (Demand & Elasticity)
(Revisit) - Identifying Points on a Demand Table | Practice | Quiz |
(Revisit) - Identifying Points on a Demand Graph | Practice | Quiz |
(Revisit) - Show Demand versus Quantity Demanded | Practice | Quiz |
Determine Market Demand | Practice | Quiz |
Calculating Consumer Surplus from a Table | Practice | Quiz |
Price Changes - Calculating Changes in Consumer Surplus from a Table | Practice | Quiz |
Interacting with Price Elasticity of Demand - calculations and degrees of elasticity | Practice | Quiz |
Examining Price Elasticity Demand and Total Revenue or Total Expenditures | Practice | Quiz |
Interacting with Other Demand Elasticities | Practice | Quiz |
Producers (Perfectly Competitive Supply)
(Revisit) - Identifying Points on a Supply Table | Practice | Quiz |
(Revisit) - Identifying Points on a Supply Graph | Practice | Quiz |
(Revisit) - Show Supply versus Quantity Supplied | Practice | Quiz |
Calculating Producer Surplus from a Table | Practice | Quiz |
Price Changes - Calculating Changes in Producer Surplus from a Table | Practice | Quiz |
Calculating Costs from a Table [NOTE: Must round answers to one decimal place.] | Practice | Quiz |
Calculating Revenues and Costs and Profits from a Table (Perfect Competition) [NOTE: Must round answers to one decimal place.] | Practice | Quiz |
Identifying Profit-Maximizing Quantity of Output from a Table (Perfect Competition) | Practice | Quiz |
Interacting with Price Elasticity of Supply – calculations and degrees of elasticity | Practice | Quiz |
Market Imperfections (Externalities & Property Rights)
Comparing Private and Socially Optimal Outcomes with Externalities in a Table | Practice | Quiz |
Calculating Costs or Benefits with Externalities in a Table | Practice | Quiz |
Comparing Private and Socially Optimal Outcomes with Externalities in a Graph | Practice | Quiz |
Identifying Positive and Negative Externalities from a Graph | Practice | Quiz |
Why do Governments Intervene in the Market? (Taxes, Subsidies, Price Controls & Quantity Controls)
Analyzing an Excise Tax on Producers on a Graph | Practice | Quiz |
Analyzing Price Controls on a Graph | Practice | Quiz |
Analyzing Price Controls on a Table | Practice | Quiz |
Analyzing Quotas on a Graph | Practice | Quiz |