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Understanding Short Run Aggregate Supply (SRA) Curve: Shape and Shifts
In this video, the speaker explains the concept of short run aggregate supply curve (SRS curve), which represents the aggregate supply of all goods and services produced within an economy over the short run.
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Market Equilibrium and Disequilibrium: Understanding Supply and Demand
The video is a lecture on market equilibrium in economics. The speaker explains how to construct demand supply diagrams and defines market equilibrium as the state where demand equals supply, leading to a stable system. The speaker also...
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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...
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Labor Supply and Wage Elasticity Explained
This video is an educational lesson on the supply of labor. The instructor explains the labor supply curve and how it shows the amount of labor workers are willing to provide at a given wage rate. They also discuss the factors that...
ACDC Leadership
Macro 3.2- Inflationary and Recessionary Gaps with Fiscal and Monetary Policy AP Macro
Mr. Clifford's explanation of inflationary and recessionary gaps. Be sure to watch the bonus round which includes an overview of fiscal and monetary policy. Please keep in mind that these video lessons are not designed to teach you the...
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Diagrammatic Analysis of Perfect Competition in the Short Run and Long Run
The video discusses the market structure of perfect competition and how to diagrammatically analyze it. The concept of firms being price takers and selling homogeneous products with perfect information is explained. The video provides...
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Markets and Equilibrium: Understanding the Interaction between Supply and Demand
The video discusses the concept of markets and the interaction between demand and supply. It uses the example of a Ferrari to illustrate how buyers and sellers negotiate and come to an agreement on price. The video also includes diagrams...
ACDC Leadership
Perfect Competition- Microeconomics 3.7
Hey econ students. In this video I go over the characteristics of perfect competition and explain how to draw and shift the graph. Make sure that you can calculate total revenue, total cost, and profit and show what happens on...
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Trade Unions in the Labor Market: Roles and Influence
This video provides an overview of trade unions and their impact on the labor market. The presenter explains the objectives of trade unions, which include protecting workers' rights, improving their pay and working conditions, and...
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Causes of Demand Curve Shifts
This video lecture explains what causes the demand curve to shift in economics. The speaker introduces key terms related to the demand curve and explains the concepts of substitute goods and complementary goods. They then outline five...
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Consumer and Producer Surplus in Economics
The video provides an overview of consumer and producer surplus and how they are represented on demand-supply diagrams. It explains how the demand curve is derived and how individual consumers' reservation prices determine consumer...
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Understanding Supply Curves and their Shifts in Economics
The video explains the concept of supply curves. The video discusses various factors that can shifts in curves, including changes in production costs, technology, input availability, taxation, and subsidies.
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Supply Curve Shifts: Diagrammatic Description and Interpretation
The video is a lecture on supply curve shifts in economics. It explains the concept of how changes in factors other than price affect the quantity supplied of a good, leading to a shift in the supply curve. The lecturer describes the two...
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Analyzing Trade Protection: Tariffs, Subsidies, and Quotas
In this video lecture, the presenter analyzes trade protection measures such as tariffs, subsidies, and quotas. He explains the impact of each measure on domestic production, imports, consumer surplus, and deadweight loss through various...
ACDC Leadership
Taxes on Producers- Micro Topic 2.8
I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.
ACDC Leadership
Aggregate Supply- Macro Topics 3.3 and 3.4
Hey econ students. In this video I explain the short run and long run aggregate supply curves. In the short run, wages and resource prices don’t change when there's a change in price level. But, in the long-run, wages and resources...
ACDC Leadership
Micro Unit 6, Question 7- Negative Externality
Learn about the concept of negative externalities and how they lead to market failure. Using a graph, the teacher demonstrates the difference between the socially optimal quantity and the quantity produced in a free market. They also...
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Understanding Shifts in Demand and Supply Diagrams
The video is a lecture on shifts in demand and supply diagrams in economics. The presenter explains the key terms and concepts related to demand and supply and how they are combined for demand supply analysis. Different types of shifts,...
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An Introduction to Labor Market Discrimination: Effects and Prevalence in the UK
The video discusses labor market discrimination and its effects on workers and firms. The video explores different types of discrimination, such as gender and race, and discusses the prevalence of discrimination in the UK despite laws...
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Understanding Indirect Taxes and Tax Incidence in Markets
This video explains the concept of indirect taxes and how they are imposed by the government on the purchase of goods and services. The video highlights two forms of indirect taxes - specific or unit taxes and ad valorem taxes or...
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Analysing Taxes and SubsidiesAnalyzing Taxes and Subsidies: A Guide to Understanding Their Effect on Markets
The video is a lecture on how taxes and subsidies affect a market. The speaker explains the key terms and concepts, such as the shifts in the supply and demand curves caused by taxes and subsidies, the incidence of taxes, the revenue...
ACDC Leadership
The BIG Picture- AP Economics Overview
This videos uses the Circular Flow Model to explain the big picture ideas of AP microeconomics and macroeconomics.
ACDC Leadership
Supply and demand in 8 minutes
I made this video to give you a quick overview of supply and demand. I cover the law of demand, law of supply, shifters of demand and supply, shortage, surplus, and changes in equilibrium. I go pretty quick so watch the entire video...
ACDC Leadership
Supply and Demand Practice
If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand,...