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Primer
Simulating Supply and Demand
Build a simulated market from scratch and see supply and demand curves emerge.
Khan Academy
Khan Academy: Consumer and Producer Surplus: Consumer Surplus Introduction
A video lecture explaining consumer surplus as difference between marginal benefit and price paid. [5:10]
Khan Academy
Khan Academy: Demand Curve as Marginal Benefit Curve
Thinking about a demand curve in terms of quantity driving price. [5:53]
Khan Academy
Khan Academy: Consumer and Producer Surplus: Total Consumer Surplus as Area
Look at consumer surplus as area between the demand curve and the market price. [5:46]
Khan Academy
Khan Academy: Consumer and Producer Surplus: Producer Surplus
Examines the supply curve as an opportunity cost curve, and explains that the producer surplus is the area between the supply curve and the market price. [8:20]