Understanding Microeconomics
About Microeconomics
"This Is Concerned With Decision Making By Firms, Individual Customers, And Households." (-Campbell McConnell, Stanley Brue, And Sean Flynn)
When it is time to consider individual parts of the economy, we turn to microeconomics. If you are curious about what causes a household, a firm, or a government to do what it does to get what it wants, you have crossed to the other side of the discipline. They say it only takes “one bad apple” to spoil the bunch. Perhaps, but if the macroeconomy is in shambles, this almost certainly impacts all microeconomics entities. Thus, although the economic focus may change, one simply can’t ignore either perspective.
Microeconomics Lessons
Videttes
- 1. Market and Government Failures
- 2. Elasticity
- 3. Utility Maximization
- 4. Businesses & the Cost of Production
- 5. Monopoly
- 6. Market Power
- Free Rider
- Where You Lead
- The Legacy of Toys R' Us
- Sears Survival?
- One of a Kind
- What Will Tech Disrupt?
Where You Lead
Note: The Jamsonomics videttes are available in different formats. The newest ones are available directly on this website. The oldest videos are available only on You Tube. At some point videttes were made available on both Instagram and You Tube. Some new videttes aren’t available on YouTube due to advertising (which is frowned upon) or permission issues.