Micro Visuals

Micro Visuals

Unit 1 Visuals	Unit 2 Visuals	Unit 3 Visuals	Unit 4 Visuals	Unit 5 Visuals

Mic1-1 The Economic Way of Thinking	Mic2-1 MidPoint Method (formula)	Mic3-1 Different Types of Market Structures (Mkt. Characteristics)	Vis 4-1 Big Ideas About Factor (or Resource) Markets	Vis 5-1 The Economic Functions of Government
Mic1-2 Production Possibilities Curve	Mic2-2 Price Elasticity of Demand	Mic3-2 Marginal Product & Marginal Cost	Vis 4-2 Demand for a Resource When the Product Market and the Resource Market are Perfectly Competitive	Vis 5-2 Illustrating a Negative Externality
Mic1-3 Comparative Advantage (Output)	Mic2-3 Tax Incidence & Elasticity of Demand Tax Incidence Who Bears Burden?	Mic3-3 Total Fixed, Total Variable, & Total Cost	Vis 4-3 Demand for a Resource When the Product Market is Imperfectively Competitive and the Resource Market is Perfectly Competitive	Vis 5-3 Illustrating a Positive Externality
Mic1-4 Comparative Advantage (Input)	Mic2-4 Price Ceiling	Mic3-4 Average Fixed, Average Variable, & Average Costs	Vis 4-4 The Supply and Demand for Labor in a Competitive Labor Market
Mic1-5 Difference b/t Change in Demand & change in Qd	Mic2-5 Price Floor	Mic3-5 Perfectly Comp. Firm & industry in SR Equilibrium	Vis 4-5 A Monopsonistic Labor Market
Mic1-6 Factors that Shift the Demand Curve	Mic2-6 The Effect of Pollution	Mic3-6 Profit, Loss, & Shutdown	Vis 4-6 Economic Rent
Mic1-7 Difference b/t Change in Supply & change in Qs	Mic2-7 Deadweight Loss of a Price Ceiling	Mic3-7 Perfectly Competitve Firm in LR Equilibrium
Mic1-8 Factors that Shift the Supply Curve	Visual 8 Time and Elasticity of Supply	Mic3-8 How Increase in Demand impacts LR Equilibrium for Firm & Industry
Mic1-9 Equilibrium & Disequilibrium	Circular Flow Chart	Mic3-9 How a Decrease in Demand impacts LR Equilibrium for Firm & Industry
Mic1-10 Effects of Shifts in Demand or Supply		Mic3-10 Price and Marginal Revenue for a Monopolist
		Mic3-11 The Profit Maximizing Position for a Monopoly
		Natural Monopoly w/ Regulation points
		Mic3-12 SR & LR Equilibrium for a Monopolistic Competitor