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This Dead Weight Loss - Key Graphs of Microeconomics instructional video also includes:
What is dead weight loss in microeconomics, and how does it relate to efficiency in a monopoly and society as a whole? An economics instructor explains these concepts in detail in a brief five-minute video.
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CCSS:
Adaptable
Concepts
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Instructional Ideas
- Post video on a class website for students to review after an in-class lesson
- Use as a model for your own instruction
Classroom Considerations
- This video is hosted on YouTube
Pros
- Key points are displayed as text throughout video at bottom of screen
- Explains concepts through illustrations on a whiteboard
- Also discusses efficiency of producer and consumer surplus, as well as the effect of excise taxes and price ceilings
Cons
- None