Economics 1: Introduction to Economics (Fall 2011, UC Berkeley): Lecture 05

Economics 1: Introduction to Economics

Economics 1: Introduction to Economics (Fall 2011, UC Berkeley). Taught by Professor Kenneth Train, this course is a survey of economics designed to give an overview of the field. Economics 1 is an introductory course in economic principles. The course covers both microeconomics and macroeconomics. Topics include: economic modeling; allocation of resources; firm decision-making; imperfect competition; economic analysis of unemployment, inflation, and economic growth; the role of government in the domestic economy; international trade and finance; and U.S. economic policies of the last quarter century. Primary emphasis is placed upon acquiring skills with which to analyze current economic issues.

Lecture 05 - Costs of Production

Go to the Course Home or watch other lectures:

Lecture 01 - Introduction

Lecture 02 - Demand and Supply

Lecture 03 - Demand and Supply (cont.)

Lecture 04 - Consumer Choice

Lecture 05 - Costs of Production

Lecture 06 - Competition, part 1

Lecture 07 - Competition, part 2

Lecture 08 - Monopoly

Lecture 09 - Monopolistic Competition and Oligopoly

Lecture 10 - Regulation of Natural Monopolies