Introductory Microeconomics: Interactive Tools

By: Maysam Rabbani

Chapter 1: Limits, alternatives, and choices

Budget line

Chapter 3: Demand, supply, and market equilibrium

Demand experiment: would you buy the flagship iPhone at this price?

Chapter 3: Demand, supply, and market equilibrium

Movement along

Shift

Chapter 3: Demand, supply, and market equilibrium

Supply experiment: would you tutor for 3 hours at this payment?

Chapter 3: Demand, supply, and market equilibrium

Movement along

Shift

Chapter 3: Demand, supply, and market equilibrium

Equilibrium, surplus, and shortage

Chapter 3: Demand, supply, and market equilibrium

Shifts and the new equilibrium

Shift D
Shift S

Chapter 6: Elasticity

Demand

Supply

Chapter 9: Costs of production

Short-run ATCs and the long-run ATC

Chapter 9: Costs of production

Natural monopoly

Chapter 10: Pure competition

Market price and the firm's demand

Shift D
Shift S

Chapter 10: Pure competition

Profit and the shutdown decision

Chapter 10: Pure competition

Entry, exit, and the long run

Shift S

Chapter 11: Pure monopoly

Demand and marginal revenue

Tilt

Chapter 11: Pure monopoly

Monopoly profit and shutdown

Tilt