Below are a series of video overviews that cover some of the main areas of focus for Micro Economics Year 2 to compliment lessons in Term 1 and Term 2. PR is more than happy to take requests for other topics and themes on demand!
1 MC=MR overview and introduction to the Perfect Market
2. Abnormal Profit in the Short-run in the Perfect Market
3. Monopoly and Marginal Revenue curve – an intro
5. Sales maximisation for a monopoly
6. Efficiency, Monopoly and the Perfect Market
7. Short-run and Long-run profit maxmisation in Monopolistic Competition
8. Price discrimination in markets
9. Price discrimination – consumer surplus and limitations
10a. Theory of Diminishing Returns
10b. Average Costs and the Theory of Diminishing Returns
Negative and Positive Externalities videos 1-3
These videos are too large to put on this site – use this link to view via onedrive –> https://1drv.ms/f/s!AgK1F03zYjl4znYhkOTZpBK2tV-K