Curated Video
The Theory of Contestable Markets and Market Outcomes Explained
This video discusses the concept of contestability in economics. The presenter explains how markets with low barriers to entry and exit tend to result in normal profits, productive and allocative efficiency, and potential hit and run...
Curated Video
Dynamic Efficiency in Market Structures
The speaker discusses dynamic efficiency in this lecture video. He explains the difference between static efficiency and dynamic efficiency and provides examples of how they can be applied to analyze industries. He describes the three...
Curated Video
Types of Efficiency in Economics and their Importance in Market Structures
This is a video lecture on the topic of efficiency in economics. The lecturer explains how firms and markets allocate their scarce resources to their activities and the types of efficiency that exist within the market: productive...
Curated Video
Allocative Efficiency: Definition, Importance, and Market Structures
The video is a lecture on allocative efficiency, which discusses the optimal allocation of resources to produce goods that consumers actually want. The lecturer explains allocative efficiency in detail, including how it's different from...
Curated Video
Identifying Allocatively Efficient Points on a Production Possibilities Diagram
This video is a lecture on identifying allocatively efficient points on a production possibilities diagram. The speaker explains the concept of allocative efficiency and explores various production points on the diagram and how to...
Curated Video
Evaluating Monopoly Markets: Productive, Allocative, and Dynamic Efficiency
This video is an educational tutorial about assessing the market structure of monopolies. It discusses three types of efficiency: productive efficiency, allocative efficiency, and dynamic efficiency. The concept of natural monopolies is...
Curated Video
Evaluating Market Outcomes in Monopolistic Competition
This video discusses the efficiency outcomes and market structure of monopolistic competition. The speaker evaluates the market outcomes and efficiency of the structure by looking at productive and allocative efficiency. The short and...
Curated Video
Understanding Productive Efficiency in Economics
This is a tutorial video that explains the concept of productive efficiency within the context of an entire economy and at the level of a single firm. The video defines productive efficiency and provides two definitions for it - one for...
Curated Video
Assessing Perfect Competition Market Structure and Efficiency
This video is a lesson on the market structure of perfect competition. The instructor explains the characteristics, efficiency results, and limitations of perfect competition. The instructor also discusses how firms may not invest much...
Curated Video
Analyzing Trade Protection: Tariffs, Subsidies, and Quotas
In this video lecture, the presenter analyzes trade protection measures such as tariffs, subsidies, and quotas. He explains the impact of each measure on domestic production, imports, consumer surplus, and deadweight loss through various...
Khan Academy
Khan Academy: Allocative Efficiency and Marginal Benefit
This video gives scenarios that exemplify marginal utility and maximization. [14:09]