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Viewing: Blog Posts Tagged with: microeconomics, Most Recent at Top [Help]
Results 1 - 4 of 4
1. Marginal Utility

What do you want out of life? How much satisfaction do you get from what you do get? The economics law of diminishing marginal utility helps explain consumer choices.





Video #1 - Diminishing Marginal Utility






Video #2 - Law of Diminishing Marginal Returns






Video #3 - Indifference Curve (explains the consumer's choices)





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2. Price Elasticity

We study microeconomics to understand how the economy works. Elasticity is a term that describes how consumers respond to price changes. These videos will help you understand how it all works.




Video #1 - Elasticity of Demand






Video #2 - Change in Demand vs Change in Quantity Demanded






Video #3 - Elasticity of Demand (focus on graphs)






Video #4 - Price Elasticity of Supply (focus on graphs)





Video #5 - Market Planning - Income Elasticity (3 minute British video - concrete examples)






Video #6 - Price Elasticity Demand Calculator






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3. Microeconomics - Demand and Supply

Demand and supply is one of the key concepts you'll study in microeconmics. Not sure what it is? These videos will clarify.




Video #1 - Introduction to the Supply and Demand Model






Video #2 - Economics Supply and Demand (clear explanation of graphing)






Video #3 - The law of Demand





Video #4 - The Law of Supply






Video #5 - Market Equilibrium






Video #6 - Changes in supply and demand






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4. Scarcity and Choice

Are you studying economics? Scarcity and choice is one of the first concepts you'll look at.



Video #1 - Scarcity and Choice




Video #2 - Scarcity





Video #3 - Schoolhouse Rock, Where the Money Goes





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