► Random Variables and Probability Distributions
Estimating Probabilities Using the Normal Distributions
Using the Normal Distribution to Locate the Stochastic Variable
Estimating Probabilities Using the t-Distribution
Determining From Which Distribution an Observation Likely Came
The Central Limit Theorem
► Confidence Intervals for Observations
Confidence Intervals for Means
Confidence Intervals for Proportions
Confidence Intervals for a Difference in Means
Confidence Intervals for a Difference in Proportions
► Hypothesis Tests
Hypothesis Test for a Mean
Hypothesis Test for a Proportion
Hypothesis Test for a Variance
Hypothesis Test for a Difference in Means
Hypothesis Test for a Difference in Proportions
► Supply and Demand in Overview
Supply and Demand in Detail: Complements and Substitutes
► Consumer Choice
Optimal Consumption Combination
Indifference and Utility
► Producer Choice
The Stages of Production
Total, Average, and Marginal Product
Short Run and Long Run Costs
Total, Variable, Fixed, Average, and Marginal Costs
Profit Maximization Output
Optimal Input Combination
Producer Choice for Price Setters and Price Takers
► Industry Structure: Competition to Monopoly
Market Demand versus Firm Demand
Pricing for Price Takers versus Price Setters
What Are Natural and Artificial Monopolies?
Monopoly: Profit Maximization and Efficiency
What is Perfect Competition?
Perfect Competition: Profit Maximization and Efficiency
What Are Oligopolies and Cartels?
Oligopoly: Profit Maximization Efficiency
What Is Monopolistic Competition?
► Consumer and Producer Surplus
Taxes and Markets
The Minimum Wage
► Public Goods and Common Resources
Tragedy of the Commons
Tragedy of the Commons Experiment
Externalities: Marginal Social Benefit and Marginal Social Cost
What happens when we tax corporations?
Taxes and Incentives
Historical Tax Rates versus Historical Tax Revenue
Average Tax Rates versus Marginal Tax Rates
Taxes, Welfare, and the Poverty Trap
Who Pays the Most Taxes?
Taxes and Transfers
What is Government Good For?
Raising the Minimum Wage
Role of Government Debate (FEE)
Minimum Wage Debate (RealNews)
Bank Bailouts, Social Security, and National Debt (The BlazeTV)
The Economics of Zombies
The Case for Tax Simplification
America’s Economic Outlook (The BlazeTV)
Rage Against the Wage (Al Jazeera)
Budget Deficit to Drop? (The BlazeTV)
Government Now the Biggest Lender (The BlazeTV)
The Failure of Progressive Economics (The BlazeTV)
What’s So Great About Economic Freedom?
Working With Big Government (The BlazeTV)
The Trillion Dollar Coin (The BlazeTV)
Why Cut Spending?
Why Not Raise Taxes?
Will Raising Taxes Balance the Budget?
Defining Personhood (Huff Post Live)
What Can We Cut to Balance the Budget?
Does Stimulus Spending Work 2?
Would Taxing the Rich Fix the Deficit?
The Student Loan Crisis
Are Low Interest Rates Good?
Social Security versus Private Retirement
Does Government Have a Revenue or a Spending Problem?
Will Higher Tax Rates Balance the Budget?
Does the Minimum Wage Hurt Workers?
Why Not Print More Money?
Robbing the Future with Budget Deficits
Funding Government by the Minute
What if the Federal Debt Were Yours?
If Government Ordered Your Lunch, What Would You Get?
What Are the Dangers of Too Much Debt?
Does Government Spending Create Economic Growth?
How Big is the US Debt?
Does Stimulus Spending Work 1?
Liberalism, Conservatism, and Freedom
Unintended Consequences of Price Controls
Markets: Exploitation or Empowerment?
Social Security versus Private Accounts
The Economics of Higher Education (House of Representatives)
The Economics of High-Skilled Immigration (House of Representatives)
The Impact of Immigration on Jobs and Income
What Does the Rising Cost of Health Care Buy Us?
Can We Balance the Budget by Raising Taxes?
How Many People Are Uninsured?
Is Social Security Bankrupt?
The Laws of Economics
The Budget Shortfall (NightTalk PCNC)
Testimony on Alcohol Privatization
The Tragedy of the Commons (set to dance)
Taxes, Deficits, Debt, and Gimmicks (accompanying slides)
What Are Tax Gimmicks?
How Much Debt is Too Much (The American Entrepreneur)
The Government Shutdown (The Think Tank, WWL New Orleans)
The Budget Deficit and Federal Debt (Late Nights with Jim Bohannon)
The One Question Everyone’s Afraid to Ask (The American Entrepreneur)
Privatizing Alcohol Sales in the States
Stimulus Spending Doesn’t Work (Wisconsin Public Radio)
Trade Improves Wages and Reduces Unemployment
Questions About the Estate Tax
The Estate Tax Hurts Small Business
The Value of a College Degree Rises Faster than Tuition
High Skilled Immigration is Good for the Economy
Raising Taxes Won’t Balance State Budgets
More Trade Means Less Poverty (House of Representatives)
All Countries Benefit From Globalization (House of Representatives)
An MBA is Worth Around $500,000