## 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 |