In this episode, we break down the core concepts of microeconomics, drawing insights from Microeconomics Demystified. We explore fundamental topics like supply and demand, market structures, and elasticity, using real-world examples from industries such as movies and professional sports.

We also discuss market failures, public goods, externalities, and the potential role of government intervention. Tune in for a clear, intuitive explanation of microeconomic principles that apply to everyday life.