REFFONOMICS eVideos
REFFONOMICS eVideos
REFFONOMICS eVideos
REFFONOMICS eVideos
REFFONOMICS eVideos
REFFONOMICS eVideos
REFFONOMICS eVideos
REFFONOMICS eVideos
REFFONOMICS eVideos
Lesson 17:  Cost of Doing Business, Part I
Lesson 18:  Labor Cost
Lesson 19:  Types of Competition & Market Structures
Lesson 30:  Externalities
Lesson 31:  Private vs. Public Goods
Lesson 32:  Lorenz Curve
Unit 3:  Production, Costs, and the Perfect Competition Model (11 - 13 class periods; 22 - 25%)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
Unit 6:   Market Failure and the Role of Government (9 - 11 class periods; 8 - 13%)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
Cost of Doing Business (Fixed Cost and Variable Costs Draggable Examples)
Cost of Doing Business (Calculating Variable Costs and Marginal Cost Table)
Cost of Doing Business (Calculate FC, VC, TC, MC Table)
Labor Cost Tables (Determining How Many Workers You Should Hire)
Types of Market Structures (Interactive Table of Market Characteristics)
Cost of Doing Business (Calculate Revenue, Cost, and Profit-Maximization)
Externalities -- Negative Externality Graphing Activity
Externalities -- Positive Externality Graphing Activity
Private vs. Public Goods (Two Parts) Activity
Lorenz Curve Graphing Activity (5 Questions)
Lorenz Curve Graphing Activity (8 Questions)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSON
Lesson 20:  Perfect Competition, Part I
Lesson 21:  Perfect Competition, Part II
Lesson 22:  Perfect Competition, Part III
Lesson 23:  Perfect Competition, Part IV
Lesson 24:  Monopoly, Part I
Lesson 25:  Monopoly, Part II
Lesson 26:  Monopoly, Part III
Unit 4:  Imperfect Competition (8 - 10 class periods; 15 - 22%)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
Lesson 27:  Monopolistic Competition
Lesson 28:  Oligopoly
Lesson 29:  Monopsony
Unit 5:  Factors Market (6 - 8 class periods; 10 - 13%)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSON
Drawing Cost Curves, Part II
Drawing Cost Curves, Part I
Costs Production Function Graph
Drawing Cost Curves, Part III
Long-Run Average Total Cost Curve (LRATC) Activity
Unit 1:  Basic Economic Concepts (9 - 11 class periods; 12 - 15%)
Unit 2:  Supply and Demand (13 - 15 class periods; 20 - 25%)
Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award
Steven Reff's Vitae
Perfect Competition Graphs, Part II (Increase and Decrease in Demand, SR and LR Effects)
Perfect Competition Graphs, Part I (Economic Profit > = < 0)
Perfect Competition Graphs, Part III (Constant Cost, Increasing Cost, and Decreasing Cost)
Perfect Competition (Definitions and Terms)
Perfect Competition Three Large Graphs (Firm on left; Firm on right; or Your Choice)
Types of Profit and Profit Maximization
Perfect Competition (Finding Points on the Firm Graph)
Perfect Competition Graphs (Draw Firm Graphs)
Perfect Competition (True or False Questions)
Reffonomics Baseball (Unit 4:  Costs)
Perfect Competition Movie, Part I
Perfect Competition Movie, Part II
Perfect Competition Movie, Part III
Reffonomics Baseball (Unit 4:  Perfect Competition)
Perfect Competition Graph (Dragging a Price Line Graph)
Perfect Competition Graphs (Drag, Drop, and Draw Graphs)
Monopoly Movie, Part I
Reffonomics Baseball (Unit 5:  Monopoly)
Monopoly Movie, Part II
Monopoly (Graphs and Questions)
Monopoly (Natural Monopoly)
Monopoly (Lump-Sum and Per-Unit Tax and Subsidy)
Monopoly (Drag, Drop, and Draw Monopoly Graphs)
Monopoly (True and False Questions)
Monopolistic Competition Firm Graph, Part I
Monopolistic Competition Firm Graph, Part II
Monopolistic Competition Firm Graph, Part III
Monopolistic Competition Firm Graph, Part IV
Monopolistic Competitive Firm Movie, Part I
Oligopoly, Matrix 1 (Prisoners' Dilemma)
Oligopoly Matrix 2 (Going on a Date)
Oligopoly Matrix 3 (Advertise or Not Advertise)
Imperfect Competition (Terms and Definitions)
Reffonomics Baseball (Unit 5:  Monopolistic Competition and Oligopoly)
Oligopoly Matrix 4 (Create Your Own)
Lesson 32:  World Trade & Tariff Graph
World Trade & Tariff Quiz
VOLUNTARY NATIONAL CONTENT STANDARDS IN ECONOMICS by The Council on Economics Education in New York, City.
CLICK HERE
Lesson 52:  Personal Budgeting (The Story of Mr. or Ms. Cheapo)
Lesson 53:  Planning for College
Lesson 54:  Purchasing a Car
Lesson 55:  Filling Out a 1040 for 2020
Lesson 56:  Income and Wealth
Lesson 57:  Compound Interest and Rule of 72
Lesson 58:  Financial Investments
Lesson 59:  Stocks
Lesson 60:  Bonds
Lesson 61:  Purchasing a Home
Lesson 62:  Advertising Influences
Lesson 63:  Establishing Credit
Lesson 64:  Purchasing Insurance
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Unit 7:  Financial Literacy Concepts
*AP® is a trademark registered by the College Board, which is not affiliated with and does not endorse Reffonomics.com.
Post Hoc Fallacy and Fallacy of Composition
Terms in Economics
Marginal Analysis, I
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
Lesson 1:  Introduction to Economics
Lesson 2:  Marginal Analysis
REFFONOMICS eVideos
Introduction to Economics
Trade Offs vs. Opportunity Cost
Resources
Economic Systems
Production-Possibilities Basic Concepts
Production-Possiblities Frontier (10 Questions)
Production-Possiblities Frontier (12 Questions)
Production-Possiblities Frontier (14 Questions) (Movable PPF Graph)
Graphing Questions for the PPF (Stump the Class with Your Own PPF Questions)
Reffonomics Baseball Basic Concepts (Units 1 and 2)
Production-Possibilities Frontier Movie
Production-Possiblities Frontier (Absolute and Comparative Advantage)
Production-Possiblities Frontier (Terms of Trade)
Production-Possiblities Frontier (14 Questions) (Drawable PPF Graph)
Lesson 3:  Production-Possibilities Frontier (Part I)
Lesson 4:  Production-Possibilities Frontier (Part II)
Lesson 5:  Production-Possibilities Frontier (Part III)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
25 Questions Multiple Choice Test on Production-Possibilities Frontier
40 Questions Multiple Choice Test on Week 1 and Week 2
PPF, Part I  (Constant Cost vs. Increasing Cost PPF)
PPF, Part II  (Points on the PPF Graph)
PPF, Part III (Absolute and Comparative Advantage)
PPF, Part IV  (Good Terms of Trade and Consumption Possibilities)
PPF, Part V  (Bad Terms of Trade and Consumption Possibilities)
PPF, Part VI  (Output vs. Input Question)
PPF, Part VII  (Shifts of the PPF)
REFFONOMICS eVideos
Quantity Demanded
Demand Determinants, Part 1 (Movable and Drawable Graphs)
Quantity Supplied
Supply Determinants, Part 1 (Movable and Drawable Graphs)
Create Your Own Supply and Demand Questions (Movable and Drawable)
Supply and Demand 10 Questions (Moveable and Drawable Graphs)
Simultaneous Shifts in Supply and Demand 5 Questions (Moveable and Drawable Graphs)
Blank Supply and Demand Graph (Drawable Graph)
Demand Determinants, Part 2 (Moveable and Drawable Graphs 2)
Supply Determinants, Part 2 (Moveable and Drawable Graphs 2)
Lesson 6:  Quantity Demanded vs. Demand
Lesson 7:  Law of Demand
Lesson 8:  Quantity Supplied vs. Supply
Lesson 9:  Law of Supply
Lesson 10:  Supply and Demand Combined
Lesson 11:  Simultaneous Shifts in
Supply and Demand
Reffonomics Baseball (Unit 3:  Supply and Demand)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
Supply and Demand Movie
25 Multiple Choice Questions on Supply and Demand
Quantity Supplied vs. Supply
Simultaneous Shifts in Supply and Demand
Determinants of Demand, Part I
Determinants of Supply
Qd vs. Demand
Determinants of Demand, Part II
REFFONOMICS eVideos
Lesson 12:  Consumer and Producer Surplus
Lesson 13:  Deadweight Loss
Lesson 14:  Price Ceiling and Price Floor
Lesson 15:  Elasticity
Areas on a Graph (squares, rectangles, and triangles) Activity
Total Expenditures at Different Prices Activity
Consumer Surplus Activity
Producer Surplus Activity
Consumer Surplus, Producer Surplus, and Deadweight Loss Activity
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
Lesson 16:  Utility
Price Ceiling (Effective vs. Ineffective) Activity
Price Floor (Effective vs. Ineffective) Activity
Elasticity 10 Questions Activity
Elasticity (Simple Elasticity Coefficient) 8 Questions Activity
Calculate Total Utility and Marginal Utility Activity
Calculate the Marginal Utility and Marginal Utility Per-Dollar Spent Activity
Calculate the Utility Maximization with a Given Budget Activity
Reffonomics Baseball (Unit 4:  Elasticity)
Price Ceiling and Price Floor Movie
Reffonomics Baseball (Unit 4:  Price Ceiling and Price Floor)
12 Multiple Choice Questions on Elasticity
13 Multiple Choice Questions on P Ceiling and P Floor
Price Ceiling and Price Floor:
Price Ceiling (Effective vs. Ineffective)
Price Ceiling (CS, PS, Deadweight Loss)
Price Floor (CS, PS, Deadweight Loss)
Elasticity and Total Revenue
Elasticity of Demand Coefficient
Utility:
Marginal Utility vs. Total Utility
Utility Maximization
Price Floor (Effective vs. Ineffective)
Surplus and Shortage
Elasticity of Demand Coefficient Examples
Elasticity
REFFONOMICS eVideos
30 Multiple Choice Questions on Costs
18 Multiple Choice Questions on Costs
12 Multiple Choice Questions on Costs
17 Multiple Choice Questionson Perfect Competition
15 Multiple Choice Questions on Perfect Competition
Monopoly, Part 1 (27 questions)
Monopoly, Part II (15 questions)
Oligopoly, Part I (15 questions)
Oligopoly, Part II (11 questions)
23 Multiple Choice Questions on the Factors Market
22 Multiple Choice Questions on the Factors Market
26 Multiple Choice Questions on Market Failure
13 Questions on the Lorenz Curve and Gini Coefficient
Income Elasticity Coefficient Examples
Cross Elasticity of Demand Coefficient
Elasticity of Supply Coefficient
Per-Unit Tax and What Happens to Price
AFC, AVC, and ATC Explained
Fixed Costs, Variable Costs, and Total Cost Explained
AFC, AVC, and ATC showing FC, VC, and TC
Long-run Average Total Cost
FC, VC, and TC Graph, Part II
AFC, AVC, and ATC Graph
Marginal Product and Average Product Graph
Marginal Revenue Product and Marginal Factor Cost, Part I
Marginal Product and Total Product Graph
Cross Elasticity of Demand Coefficient Examples
Income Elasticity Coefficient
Per-Unit Tax and Elastic Demand vs. Inelastic Demand
Per-Unit Tax and Elastic Demand vs. Inelastic Demand, Part II
Per-Unit Tax and Consumer/Producer Surplus and Deadweight Loss
Per-Unit Tax and Consumer/Producer Surplus and Tax Revenue
FC, VC, and TC Graph, Part I
MC added to AFC, AVC, ATC Graph
Marginal Revenue Product and Marginal Factor Cost, Part II
REFFONOMICS eVideos
Perfect Competition Graph, Part III
Perfectly Competitive Characteristics Part I
Perfect Competition Graph, Part IV
Perfect Competition Graph, Part II
Perfect Competition Graph, Part V
Types of Market Structure, Part I
Types of Market Structure, Part II
Perfect Competition and Allocative Efficiency
Perfect Competition and Productive Efficiency
Perfect Competition and Diminishing Marginal Returns
Perfect Competition and a Long-Run Constant Cost Industry
Perfect Competition and a Long-Run Increasing Cost Industry
Perfect Competition and a Long-Run Decreasing Cost Industry
REFFONOMICS eVideos
Monopoly (MR and P) Part II
Monopoly Characteristics
Monopoly (D, MR, and TR, Part I)
Monopoly (MR and P) Part I
Monopoly (MC) Part I
Monopoly (ATC)
Monopoly (Profit, Break Even, Loss)
Monopoly (MC) Part II
Monopoly (NOT Allocatively Efficient)
Monopoly (NOT Productively Efficient)
Prisoner's Dilemma, Part II
Prisoner's Dilemma, Part I
Oligopoly Matrix (How to Read a Matrix, Part I)
Oligopoly Characteristics
Monopolistic Competition (Profit, Break Even, Loss)
Monopolistic Competition Characteristics
Monopolistic Competition Advertising
Monopolistic Competition (Entry and Exit)
Oligopoly Matrix (How to Read a Matrix, Part II
Monopoly (D, MR, and TR, Part II)
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSON
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSON
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSONS
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSON
REFFONOMICS eWORKBOOK ACTIVITIES
REFFONOMICS eTEXBOOK LESSON
REFFONOMICS eVideos
REFFONOMICS eWORKBOOK ACTIVITY
REFFONOMICS eTEXBOOK LESSON
Per-Unit Subsidy
Lump-Sum Tax
Lump-Sum Subsidy
Per-Unit Tax
Public Goods vs. Private Goods (Lighthouse Story)
Negative Externality, Part I
Positive Externality, Part I
Lorenz Curve (Income Equality vs. Income Inequality), Part I
World Trade Graph, Part I
World Trade Graph, Part II
Lorenz Curve (Gini Index)
Negative Externality, Part II
Positive Externality, Part II
Lorenz Curve (Income Equality vs. Income Inequality), Part II
Unit 2:  Graphing Website for Teachers and Students
Unit 1:  "Free" Response Questions
Unit 3:  Graphing Website for Teachers and Students
Unit 2:  "Free" Response Questions
Unit 4:  Graphing Website for Teachers and Students
Unit 3:  "Free" Response Questions
Unit 5:  Graphing Website for Teachers and Students
Unit 4:  "Free" Response Questions
Unit 6:  Graphing Website for Teachers and Students
Unit 5:  "Free" Response Questions
Unit 6:  "Free" Response Questions
Unit 1:  Graphing Website for Teachers and Students
Lesson 17B:  Cost of Doing Business, Part II
Lesson 15B:  Elasticity and Per-Unit Tax
PRINCIPLES of MICROECONOMICS
eTextbook and eWorkbook
for college-level and AP® economics classes*
Production Costs Review Videos
REFFONOMICS Production Costs Review Videos
Perfect Competition Review Videos
REFFONOMICS Perfect Competition Review Videos
Imperfect Competition Review Videos
REFFONOMICS Imperfect Competition Review Videos
Factors Market Review Videos
REFFONOMICS Factors Market Review Videos
Factors Market Review Videos
Market Failure Review Videos
REFFONOMICS Market Failure Review Videos
World Trade & Tariff Review Videos
REFFONOMICS World Trade & Tariff Review Videos
The World Trade and Tariff Graph is shown at the VERY END OF UNIT 6 BELOW.