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...
Curated Video
Solving Word Problems with Equations: Finding the Cost Equilibrium
In this video, the teacher explains how to solve word problems by using equations with one variable. They provide examples of solving equations step-by-step and apply the concept to real-life scenarios, such as comparing cell phone plans...
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
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
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...
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...
Curated Video
Markets and Equilibrium: Understanding the Interaction between Supply and Demand
The video discusses the concept of markets and the interaction between demand and supply. It uses the example of a Ferrari to illustrate how buyers and sellers negotiate and come to an agreement on price. The video also includes diagrams...
Curated Video
Optimum Conditions for the Haber Process: Yield vs Production Rate and Cost Trade-off
This video discusses the Haber process used to manufacture ammonia, which can be used to produce nitrogen-based fertilizers as well as nitric acid. It explains the reaction between hydrogen from natural gas and nitrogen from the air to...
Curated Video
How the Price Mechanism Works in Markets
This video explains the function of the price mechanism in ensuring equilibrium in markets. The video describes the three main functions of prices; incentive function, rationing function, and signaling function.
Curated Video
Representing Macroeconomic Equilibrium with AD/AS Diagrams
The video explains how to represent both short-run and long-run macroeconomic equilibrium in an AD/AS (Aggregate Demand/Aggregate Supply) diagram. It covers key terminology and concepts associated with the different curves involved in...
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
Understanding Price Elasticity of Demand - Characteristics of Demand Curves
This video is a lesson on the price elasticity of demand and the characteristics of demand curves. The instructor explains how to calculate price elasticity of demand and defines the terms elastic and inelastic. The video also covers how...
ACDC Leadership
Price Ceilings and Floors- Micro Topic 2.8
In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph...
ACDC Leadership
Micro 2017 FRQ #1- Perfect Competition, Long-run, Supply, Demand, Price Ceiling
What's up?! Thank you for watching my videos. In this one I go over the first FRQ on the 2017 AP Microeconomics exam.
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 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,...
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...
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...
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
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...
ACDC Leadership
Government Intervention- Micro Topic 2.8
Hey Econ students! I'm back with new videos to help you learn and love economics. This video explores the effects of government intervention including: price ceilings, price floors, subsidies, and taxes. Make sure that you can draw these...
ACDC Leadership
Supply and demand in 8 minutes
I made this video to give you a quick overview of supply and demand. I cover the law of demand, law of supply, shifters of demand and supply, shortage, surplus, and changes in equilibrium. I go pretty quick so watch the entire video...
ACDC Leadership
Demand and Supply- EconMovies #4: Indiana Jones (Reupload)
In this episode of EconMovies, I use Indiana Jones to explain the concepts of demand, supply, equilibrium, and shifting these curves. Good luck studying economics. Snakes? Why did it have to be snakes?!
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...