In this clip, a Mexican immigrant and garment worker talks about the working conditions in the garment factory. [2:14]

Every time a firm hires more labor, they get more output which means more revenue. In this video,m we begin thinking about how much incremental benefit a firm gets from hiring one more person. [13:03]

In this video we explore how to derive the demand for a factor of production based on how productive that factor is and how much additional revenue that factor brings in. [6:18]

In this video, learn how to apply the analysis of factor markets to a sample problem. [10:23]

When there is a single buyer of labor this type of market is called a monopsonistic labor market. Learn how this changes the analysis of labor markets and why marginal factor cost is higher than the supply of labor in such markets. [9:23]

Use this tutorial to understand equilibrium wages.