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Microeconomics — Microeconomics is the study of decisions by individuals and businesses, and how those decisions affect prices and availability. You'll learn about: supply and demand, efficiency, opportunity cost, economies of scale, perfect competition, economic theory, production possibilities frontier, scarcity of resources, role of technology, factors influencing demand, law of diminishing returns, total utility and marginal utility, types of elasticity, elasticity coefficient, factors influencing elasticity, factors influencing supply, cost structure, cost curves, fixed and variable costs, market structures, monopolistic competition, oligopoly, game theory, market failures, government intervention, and much more. The material in this DVD is presented by actors and comedians in a humorous and straightforward way—it's remarkably entertaining and easy to follow. Total runtime is approximately 135 minutes.