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TED-Ed
TED-ED: The paradox of value - Akshita Agarwal
Imagine you're on a game show and you can choose between two prizes: a diamond - or a bottle of water. It's an easy choice _ the diamonds are more valuable. But if given the same choice when you were dehydrated in the desert, after...
Crash Course
Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh: Crash Course Econ
This week Jacob and Adriene teach you about marginal analysis, which you're using RIGHT NOW! The video is coming from inside the house! Or something. You'll learn how marginal analysis guides the decision making if cities, nations,...
Economics Explained
The Austrian School of Economic Thought
The Austrian School of Economics, led by Karl Menger and Friedrich von Wieser, introduced groundbreaking concepts such as marginal utility and the subjective theory of value. This school of thought emphasizes individual...
Curated Video
Types of Efficiency in Economics and their Importance in Market Structures
This is a video lecture on the topic of efficiency in economics. The lecturer explains how firms and markets allocate their scarce resources to their activities and the types of efficiency that exist within the market: productive...
ACDC Leadership
Microeconomics- Everything You Need to Know
In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit...
ACDC Leadership
Micro Unit 2 Summary (Old Version)- Supply, Demand, and Consumer Choice
Welcome to ACDC Econ. The is the Micro Unit 2 Summary. In this video I explain demand and supply (1:07), double shifts (9:30), price controls (10:19), elasticity (11:37), welfare economics(17:07), tariffs, and how to maximize utility...
ACDC Leadership
*1st Place* 2009 AP Econ Music Video- Microeconomics
This is a music video created by a few of my students from the class of 2009. I think it is one of the best AP Economics music videos ever. Now they are off in college. BTW: "Econa Bin Laden" was their class's team name.
Curated Video
Deriving the Demand Curve and Understanding the Law of Demand
This video explains the concept of demand and how the demand curve is derived in microeconomics. The video outlines the law of demand and how it relates to the downward sloping nature of the demand curve. The concept of marginal utility...
Economics Explained
Why is Working Harder Making Us Poorer?
Workers today are amongst the hardest worked individuals in history, while simultaneously being the most efficient.
Sure, they have traded in grueling factory floors and coal mines for air-conditioned offices so...
Sure, they have traded in grueling factory floors and coal mines for air-conditioned offices so...
Economics Explained
Why Economists Never Agree on Anything?
An economy is a collection of production and consumption processes that are all working towards solving the central economic problem.
The problem is that we only have access to a finite amount...
The problem is that we only have access to a finite amount...
Curated Video
Consumer Behaviour: Rational Decision Making and Utility Theory
This video discusses the topic of consumer behavior, starting with the concept of utility and how it relates to overall satisfaction or well-being. The video then explores rational decision making and how economic agents respond to...
ACDC Leadership
(Old Version) Utility Maximization: Diminishing Marginal Utility
Mr. Clifford's 60 second explanation of utility maximization including how to calculate utility per dollar.
Jacob Clifford
Utility Maximization
How do producers maximize the benefit, or utility, of their products? This economics instructor attempts to answer that question in less than 60 seconds using avocados, mangos, and numbers as his tools.
Khan Academy
Khan Academy: Deriving Demand Curve From Tweaking Marginal Utility Per Dollar
This video examines what happens to quantity demanded when the price changes. [8:43]
Khan Academy
Khan Academy: Equalizing Marginal Utility Per Dollar Spent
Learn why the marginal utility for dollar spent should be theoritically equal for the last increment of either good purchased.
Khan Academy
Khan Academy: Marginal Utility and Budget Lines: Marginal Utility
Marginal utility and marginal benefit. How you would spend $5 on chocolate and fruit
Khan Academy
Khan Academy: Marginal Utility and Budget Lines: Types of Indifference Curves
Indifference curves for normal goods, substitutes and perfect complements
Khan Academy
Khan Academy: Allocative Efficiency and Marginal Benefit
Video lecture discusses marginal utility and maximization. [14:10]
Khan Academy
Khan Academy: Marginal Utility and Budget Lines: Optimal Point on Budget Line
Video lecture uses indifference curves to think about the point on the budget line that maximizes total utility. [9:24]
Khan Academy
Khan Academy: Optimal Point on Budget Line
This video [9:23] explains using indifference curves to think about the point on the budget line that maximizes total utility.
Khan Academy
Khan Academy: Visualizing Marginal Utility Mu and Total Utility Tu Functions
This video shows how to visualize marginal utility (MU) and total utility (TU) functions graphically. This resource from Khan Academy is designed as a review for the AP Microeconomics Test or a college-level microeconomics course.
Khan Academy
Khan Academy: Demand Curve as Marginal Benefit Curve
To get a better intuition about how much a consumer values a good in a market, we think of demand as a marginal benefit curve. In this video, we look at the demand curve from a marginal benefit framework. [5:53]
Khan Academy
Khan Academy: Allocative Efficiency and Marginal Benefit
This video gives scenarios that exemplify marginal utility and maximization. [14:09]
Khan Academy
Khan Academy: Deriving Demand Curve From Tweaking Marginal Utility Per Dollar
Where does a buyer's demand curve come from? A rational buyer wants to get as much 'bang per buck' from their consumption as possible. In economics, that's called marginal utility per dollar spent. In this video, we derive the...