The Economics of Seinfeld
The Economics of Seinfeld: Concept: Change in Demand
Economics lesson uses the humor of Seinfeld to teach the basic economics concept of change in demand. Students learn about supply and demand curves and the many factors that can cause a shift from these funny Seinfeld clips.
Khan Academy
Khan Academy: Consumer and Producer Surplus: Consumer Surplus Introduction
A video lecture explaining consumer surplus as difference between marginal benefit and price paid. [5:10]
Khan Academy
Khan Academy: Demand Curve as Marginal Benefit Curve
Thinking about a demand curve in terms of quantity driving price. [5:53]
Khan Academy
Khan Academy: Interest as the Price of Money: Interest as Rent for Money
Take a look at money from a supply and demand perspective and think about interest as the price of money.
Khan Academy
Khan Academy: Market Equilibrium: Market Equilibrium
Equilibrium price and quantity for supply and demand are described by Sal Khan. [10:17]
Khan Academy
Khan Academy: Money Supply and Demand Impacting Interest Rates
Examples showing how various factors can affect interest rates. [7:34]
Sophia Learning
Sophia: Economics: Price Ceiling
Video lesson describes how the government attempts to control prices through price ceilings; an example being rent control on apartments. [4:51]
Khan Academy
Khan Academy: Taxes and Perfectly in Elastic Demand
The burden of a tax falls most heavily on someone who can't adjust to a price change. That means buyers bear a bigger burden when demand is more inelastic, and sellers bear a bigger burden when supply is more inelastic.
Khan Academy
Khan Academy: Taxes and Perfectly Elastic Demand
An interesting case of taxes and tax incidence is when one of the curves is perfectly elastic. Explore what happens when demand is perfectly elastic in this video.
Khan Academy
Khan Academy: Supply and Demand Curves in Foreign Exchange
In this video, learn about how the model of the foreign exchange market is used to represent the determination of exchange rates.
Khan Academy
Khan Academy: Substitution and Income Effects and the Law of Demand
The law of demand states that quantity demanded increases when price decreases, but why? Two reasons why the demand curve slopes downward are the substitution effect and the income effect. The income effect states that when the price of...
Khan Academy
Khan Academy: Arbitrage Basics
Arbitrage is taking advantage of price differences to earn a profit. In this video, we explore arbitrage opportunities in options markets. [2:50]
Khan Academy
Khan Academy: Total Revenue and Elasticity
This video lesson from Khan Academy is intended for students who are taking the AP Microeconomics course or a college microeconomics class. Explore the relationship between total revenue and elasticity in this video.
Khan Academy
Khan Academy: Price Elasticity of Demand Using the Midpoint Method
This video lesson from Khan Academy is intended for students who are taking a microeconomics course. This lesson serves as an introduction to price elasticity of demand.
Khan Academy
Khan Academy: Perfect Inelasticity and Perfect Elasticity of Demand
This video lesson from Khan Academy is intended for students who are taking the AP Macroeconomics course. Students will examine the two extremes of elasticity: perfectly elastic and perfectly in elastic demand. The extremes can help...
Khan Academy
Khan Academy: More on Total Revenue and Elasticity
This video lesson from Khan Academy is intended for students who are taking the AP Macroeconomics course. Students will take a deeper dive into the total revenue rule and the relationship between total revenue and elasticity.
Khan Academy
Khan Academy: Labor Leisure Tradeoff and the Labor Supply Curve
A video [4:46] explaining the supply and demand curve with the labor-leisure tradeoff.
Khan Academy
Khan Academy: More on Elasticity of Demand
Looking a bit deeper at why elasticity changes despite having a linear demand curve. This resource is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.
Khan Academy
Khan Academy: Inferior Goods Clarification
The concepts of normal goods and inferior goods can be tricky, and the definitions can be somewhat subjective as well. In this video, we take a deeper look at these kinds of goods.
Khan Academy
Khan Academy: Introduction to Price Elasticity of Demand
In this video lesson, explore a simple way to calculate the price elasticity of demand, how to interpret that calculation, and how price elasticity of demand varies along a demand curve. This resource is designed as a review for the AP...
Khan Academy
Khan Academy: Elasticity and Strange Percent Changes
This video lesson explains why we calculate percent changes in a strange way when calculating elasticities. This resource is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.
Khan Academy
Khan Academy: Determinants of Price Elasticity of Demand
There are several factors that affect how elastic (or inelastic) the price elasticity of demand is, such as the availability of substitutes, the timeframe, the share of income, whether a good is a luxury vs. a necessity, and how narrowly...
Khan Academy
Khan Academy: Determinants of Elasticity Example
Walk through the logic of determining what kind of good has the most elastic demand in this video. This resource is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.
Khan Academy
Khan Academy: Constant Unit Elasticity
This video lesson provides a case of price elasticity of demand, s demand curve with a constant unit elasticity. Explore what such a demand curve would look like in this video.