Khan Academy
Khan Academy: Economic Efficiency
Read about consumer surplus, producer surplus, and deadweight loss. Did you know that demand and supply diagrams can help us understand more than supply and demand curves and equilibrium? They can also help us understand economic...
TED Talks
Ted: Ted Ed: What Causes Economic Bubbles?
During the 1600's, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a...
Khan Academy
Khan Academy: Shifts in Aggregate Demand
Aggregate demand is made up of four components: consumption spending, investment spending, government spending, and spending on exports minus imports. Increasing or decreasing any of these components create shifts the AD curve.
Khan Academy
Khan Academy: Shifts in Aggregate Supply
If either the aggregate supply or aggregate demand curve shifts in the aggregate demand/aggregate supply-AD/A-model, the original equilibrium in the AD/AS diagram will shift to a new equilibrium. Increases and decreased in the price of...