Principles of Microeconomics for AP Courses covers the scope and sequence for …
Principles of Microeconomics for AP Courses covers the scope and sequence for a one-semester Advance Placement Microeconomics course. The book is on the example textbook list for the AP course here. The text also includes many current examples, including; the Keystone Pipeline, Occupy Wall Street, and debates over the minimum wage.
Producer surplus is the difference between the price a producer gets and …
Producer surplus is the difference between the price a producer gets and its marginal cost. This means the producer surplus is the difference between the supply curve and the price received. Created by Sal Khan.
In this video, Sal explains how the production possibilities curve model can …
In this video, Sal explains how the production possibilities curve model can be used to illustrate changes in a country's actual and potential level of output. Concepts covered include efficiency, inefficiency, economic growth and contraction, and recession. When an economy is in a recession, it is operating inside the PPC. When it is at full employment, it operates on the PPC.
The production possibilities curve (PPC) is a graph that shows all of …
The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs. In this video, we model tradeoffs and scarcity using the example of a hunter-gatherer who can split their time between two activities. Created by Sal Khan.
Market systems only function well when property rights are well defined. Take …
Market systems only function well when property rights are well defined. Take a deeper dive into the role of property rights in a market system in this video.
The concept of put-call parity is that puts and calls are complementary …
The concept of put-call parity is that puts and calls are complementary in pricing, and if they are not, opportunities for arbitrage exist. Explore the concepts of put-call parity in this video. Created by Sal Khan.
When there is not put-call parity, there is an arbitrage opportunity. In …
When there is not put-call parity, there is an arbitrage opportunity. In the second of two videos on arbitrage and put-call parity, we explore how this works. Created by Sal Khan.
The put-call parity formula for American options is considerably more complicated than …
The put-call parity formula for American options is considerably more complicated than for European options. In this video we explore what the difference in how these options can be exercise complicates this concept. Created by Sal Khan.
A put payoff diagram is a way of visualizing the value of …
A put payoff diagram is a way of visualizing the value of a put option at expiration based on the value of the underlying stock. Learn how to create and interpret put payoff diagrams in this video. Created by Sal Khan.
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