Curated Video
Understanding Market Equilibrium
This video provides a recap on how markets operate and work. It explains the concept of demand and supply, and how the interaction of these two elements determines the equilibrium price and quantity of a product or service. The video...
Professor Dave Explains
Supply and Demand
Supply and demand! We've all hear these terms before, and we probably have a pretty solid conception of what they mean. But let's formalize them a bit by looking at the law of demand and the law of supply, as well as the substitution...
Curated Video
The Three Functions of Prices in a Market Economy
The video discusses the role of prices in a market economy and how they serve three main functions: rationing goods, providing incentives to economic agents, and signaling the state of a market. It explains how the price mechanism works...
Economics Explained
Here's Why Supply And Demand Is Overrated!: Sticky Prices
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply & Demand” The number of people out there...
Curated Video
Understanding Price Controls: Minimum and Maximum Prices
This video discusses price controls and explains the two main types of price restrictions, minimum prices and maximum prices, and illustrates their impact on the market using diagrams. Examples of price controls in different sectors,...
Curated Video
Market Equilibrium and Disequilibrium: Understanding Supply and Demand
The video is a lecture on market equilibrium in economics. The speaker explains how to construct demand supply diagrams and defines market equilibrium as the state where demand equals supply, leading to a stable system. The speaker also...
Crash Course
Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics
So, during times of inflation or deflation, why doesn't the government just set prices? It sounds reasonable, but price ceilings or floors just don't work. Adriene and Jacob explain why. Subsidies, however, are a little different, and...
Crash Course
Supply and Demand: Crash Course Economics
In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you'll have to watch the video to really understand it, but it's kind of important for...
Curated Video
Diagrammatic Analysis of Perfect Competition in the Short Run and Long Run
The video discusses the market structure of perfect competition and how to diagrammatically analyze it. The concept of firms being price takers and selling homogeneous products with perfect information is explained. The video provides...
ACDC Leadership
Micro 2.5 Government Price Controls (Old Version): Econ Concepts in 60 Seconds
Mr. Clifford's 60 second explanation of price floors and price ceilings. Remember that a floor only has an effect if it is above equilibrium and that a ceiling needs to be below equilibrium.
Curated Video
Agricultural and Commodity Markets: Applying Supply and Demand Analysis
The video is a lecture discussing agricultural and commodity markets with a focus on applying the principles of supply and demand to these industries. The speaker defines key terms and explains the analytical process of establishing...
Curated Video
Understanding Shifts in Demand and Supply Diagrams
The video is a lecture on shifts in demand and supply diagrams in economics. The presenter explains the key terms and concepts related to demand and supply and how they are combined for demand supply analysis. Different types of shifts,...
Economics Explained
Here's Why Supply and Demand is Overrated! | Economics Explained
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply & Demand” The number of people out there...
Curated Video
Supply and Demand Analysis in Sport, Leisure, and Healthcare Markets
The video is a lecture on the economics of the sport and leisure markets, as well as the healthcare market. The lecturer explains the concept of supply and demand and how it applies to these markets. The lecture covers topics such as...
Institute for New Economic Thinking
Ajit Sinha - Piero Sraffa's Price Theory Without Equilibrium
Piero Sraffa's classic work Production of Commodities by Means of Commodities has been variously interpreted as a special case of modern neoclassical general equilibrium or a foundation stone for the revival of the classical tradition of...
ACDC Leadership
Awesome Supply and Demand Activity- The Pearl Exchange
The Pearl Exchange is a hands-on experiential learning activity that shows how buyers and sellers determine equilibrium price in a market. It also shows how changes in a market will lead to shortages or surpluses and result in changes in...
ACDC Leadership
Shifting Demand and Supply- Macro Topic 1.6 (Micro Topic 2.7)
In this video I explain what happens to the equilibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the third video in the playlist so make sure that you know how to draw...
Economics Explained
Here's Why Supply And Demand Is Overrated!: Some Solutions & Final Thoughts
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply & Demand” The number of people out there...
Economics Explained
Here's Why Supply And Demand Is Overrated!: The Market For Work
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply & Demand” The number of people out there...
Curated Video
Consumer and Producer Surplus in Economics
The video provides an overview of consumer and producer surplus and how they are represented on demand-supply diagrams. It explains how the demand curve is derived and how individual consumers' reservation prices determine consumer...
Curated Video
Demand Shift Evaluation in the Farmland Market Due to Brexit Fears
This video begins by discussing the current situation for farmland prices in the UK and how Brexit fears are affecting the market. The presenter explains how a weakening of demand has led to a price fall, which he evaluates by discussing...
Primer
Simulating Supply and Demand
Build a simulated market from scratch and see supply and demand curves emerge.
Curated Video
Analysing Taxes and SubsidiesAnalyzing Taxes and Subsidies: A Guide to Understanding Their Effect on Markets
The video is a lecture on how taxes and subsidies affect a market. The speaker explains the key terms and concepts, such as the shifts in the supply and demand curves caused by taxes and subsidies, the incidence of taxes, the revenue...
Curated Video
Understanding the UK Housing Market: Applying Supply and Demand Analysis
The video discusses the UK housing market, and how the concepts of supply and demand apply to it. The speaker explains how demand for housing is affected by interest rates, availability of mortgages, and the fact that housing is both a...