Curated Video
Indirect Taxation and Government Intervention: Analyzing through Economic Models
This is a video lecture that explores the topic of indirect taxation as a form of government intervention in markets. The speaker covers the economic rationale for government intervention to rectify market failure, the types of market...
Curated Video
Rearranging Elasticity Formulas and the Elasticity Triangle
In this video, the instructor teaches how to rearrange elasticity formulas to make any variable the subject of the formula. The video focuses on price elasticity of demand as an initial example and demonstrates how to substitute and...
Curated Video
Introduction to Elasticity in Economics
This video introduces the concept of elasticity and its importance in economics. The video also discusses the significance of proportionate changes in variables and how initial values impact the calculation of elasticity. The elasticity...
Curated Video
Understanding Price Elasticity of Supply and Characteristics of Supply Curves
In this video, the presenter introduces the concept of price elasticity of supply and explains how it measures the responsiveness of supply to changes in price. Different types of elasticity of supply are discussed, such as elastic,...
Curated Video
Calculating Price Elasticity of Demand: A Step-by-Step Guide
This video is a tutorial on how to calculate the price elasticity of demand for a good. The speaker explains the process step by step, starting with calculating the changes in quantity demanded and price, then using those numbers to...
Curated Video
Revenue and its Forms: Marginal, Average, and Total Revenue in Economics
The video explains the topic of revenue in economics and specifically focuses on three forms of revenue: marginal revenue, average revenue, and total revenue. The video provides a definition of revenue and demonstrates how to calculate...
Curated Video
Example Elasticity Problems and How to Solve Them Using Elasticity Triangles
The video is a tutorial on solving elasticity problems using elasticity triangles. It covers examples of price elasticity of demand, cross elasticity of demand, and income elasticity of demand, with step-by-step explanations of how to...
Curated Video
Determinants of Price Elasticity of Supply
This video provides an explanation of the determinants of price elasticity of supply. The presenter first defines price elasticity of supply and explains the difference between elastic and inelastic goods. Then, the video discusses four...
Curated Video
Calculating Price Elasticity of Supply
This video provides a comprehensive explanation of how to calculate the price elasticity of supply of a good using a simple three-step process. It explains the formula for calculating price elasticity of supply and what is meant by...
Curated Video
Introduction to Price Elasticity of Supply
In this educational video, the concept of price elasticity of supply is introduced and explained. The video discusses the relationship between price and quantity supplied and how different goods may have different levels of...
Curated Video
Understanding Elasticity in Business: Price and Income Elasticity of Demand
This video provides an overview of the two main forms of elasticity in business: price elasticity of demand (PED) and income elasticity of demand (YED). The speaker explains the concepts of elasticity and responsiveness, and goes on to...
Curated Video
Calculating Price Elasticity of Demand and its Importance for Businesses.
This is a lecture video that explains how to use the formula for price elasticity of demand (PED) to calculate the PED for different goods in order to solve problems. The video starts by explaining the formula for PED and then...
Curated Video
Understanding Elasticity: The Difference between Elastic and Inelastic Demand
This video lecture explains the concept of elasticity and focuses on the difference between elastic and inelastic demand. The lecture also covers the basic formula for price elasticity of demand (PD) and how to interpret PD values,...
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...
Curated Video
Understanding Price Elasticity of Demand for Business Forecasting
In this video lecture, the concept of price elasticity of demand (PED) is explained, which allows businesses to measure the responsiveness of the quantity demanded of a product to a change in price. The lecturer uses a graphical example...
Curated Video
Analyzing the Effectiveness of Environmental Policy
This is a lecture-style video that discusses the effectiveness of different types of environmental policies. The lecturer explains various government interventions such as indirect taxation, subsidies, regulation, tradable pollution...
Curated Video
Understanding Price Elasticity of Demand
This video discusses the topic of elasticity, specifically the price elasticity of demand within the context of the impact of Brexit on the UK agricultural market. The video explores the concept of elasticity and how it can be used to...
ACDC Leadership
Elasticity Overview and Tips- Micro Topics 2.3, 2.4, and 2.5
Hey econ students! This video is an overview of elasticity. Be sure to learn and practice these concepts before you watch (see links below). I made this video to compare and contrast the four types of elasticity (price elasticity of...
Federal Reserve Bank
Episode 16: Elasticity of Demand
What happens when the price of an item goes up or down? Does the shift automatically affect the purchasing of that item? Historians use a short podcast to research the idea of elasticity on demand. They analyze the impact a price of an...
Crash Course
Markets, Efficiency, and Price Signals
Holiday gift-giving seasons can be lucrative for an individual business, but does a profitable season bode well for the market as a whole? A video from Crash Course Economics discusses how giving gifts to people who are uninterested in...
Federal Reserve Bank
St. Louis Fed: Elasticity of Demand: Economic Lowdown Podcast Series, Episode 16
Podcast, episode 16 [11:46] gives us the lowdown on the law of demand, price and elasticity and how it all works in the economy. With transcript.
Khan Academy
Khan Academy: Perfect Inelasticity and Perfect Elasticity of Demand
Extreme examples of price elasticity of demand.
Khan Academy
Khan Academy: Price Elasticity: Elasticity of Supply
An explanation of how the elasticity of supply works.
Khan Academy
Khan Academy: Price Elasticity: Elasticity and Strange Percent Changes
Learn why we calculate percent changes in a strange way when calculating elasticities in this video lecture. [6:53]