ACDC Leadership
ExciseTax Practice- Supply and Demand
My 60 second explanation of how to draw and excise tax (a per unit taxes on producers). You calculate the tax revenue, spending by consumers and revenue to firms. The bonus round shows shows what happens to consumer's surplus and...
Federal Reserve Bank
Episode 1: Supply
It's all about timing ... when is the right time to raise the price or produce more if supply is low? The first lesson of a 10-part series on economics investigates the supply curve in business. Scholars watch a short video explaining...
Federal Reserve Bank
Episode 7: Supply
A shopper goes to the store for that one special item only to find out it is out of stock. The seventh lesson of a 21-part economic series investigates the concept of supply in the marketplace. Scholars research the supply curve using a...
Jacob Clifford
Perfect Competition in the Long Run
What happens in the long run when there is time for firms to enter and leave a market in perfect competition?