Institute for New Economic Thinking
What Happens When Economics Doesn’t Reflect the Real World?
Anwar Shaikh, Professor of Economics at the New School, explores alternatives to economic orthodoxies, and the findings of his book Capitalism: Competition, Conflict, Crises.
Professor Dave Explains
Understanding How Prices Work in a Free Market
Now that we know about supply and demand, we are ready to talk about prices, and how they dictate the dynamics of a free market economy. Free markets lead to an efficient distribution of resources, however there are exceptions, such as...
Khan Academy
Khan Academy: Types of Competition and Marginal Revenue
In imperfect competition, firms have some control over the price they charge, so the individual firm's demand curve is not horizontal. Learn how that fact also changes the marginal revenue curve in this video. [6:43]
Khan Academy
Khan Academy: Price Discrimination
Price discrimination is when a seller can charge different customers that are basically identical different prices in an attempt to extract as much profit as possible. In this video, we explore how this is possible. [6:01]
Khan Academy
Khan Academy: Game Theory Worked Example From Ap Microeconomics
Watch Sal Khan work through a free response question (FRQ) for AP Microeconomics on the topic of game theory. [13:32]
Khan Academy
Khan Academy: Game Theory of Cheating Firms
We deepen our understanding of a Nash Equilibrium by exploring Pareto optimality and more on Nash Equilibrium in this video. [9:20]