Presented by Dr. Heather Kohls

This site covers basic background material in economics that serve as the point of departure for EXBU 6500 Managerial Economics. Mastery of this material is presumed as of the first meeting of the course. The economics material provided below is that covered in the first several weeks of an undergraduate microeconomics course.

Links below are video lessons generally 12-15 minutes in length. Please note an intro slide may be displayed for 15 seconds before narration begins.

1. Choices, Markets, and Applications

• 1.1 - The Production Possibility Frontier
• 1.2 - Demand and Supply
• 1.3a - Elasticity
• 1.3b - Measuring Surplus

2. Industrial Organization and Price Theory

• 2.1 - Production and Cost Theory
• 2.2a - Perfect Competition Part 1
• 2.2b - Perfect Competition Part 2
• 2.3a - Monopoly Model
• 2.3b - Monopoly Applications
• 2.4a - Monopolistic Competition
• 2.4b - Oligopolies & Industry Conclusions

3. Modeling the Macroeconomy

• 3.1 - Intro to Macroeconomics
• 3.2a - Unemployment
• 3.2b - Inflation
• 3.3 - Aggregate Expense and Demand
• 3.4 - Aggregate Supply

4. Government Policy and the Economy Today

• 4.1 - Fiscal Policy
• 4.2a - Money in the Economy
• 4.2b - Banks and Monetary Policy
• 4.3 - The US Economy of the Great Recession