Title
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Description
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Diagrams and Economic Laws, Part 1 (2:32 min)
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The video explains how to work with a diagram such as a demand diagram. It also
points out why each graph in a in a diagram represents an economic law. Part 1
covers diagrams with numbered axis. |
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Diagrams and Economic Laws, Part 2 (3:07 min)
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The video explains how to work with a diagram such as a demand diagram. It also
points out why each graph in a in a diagram represents an economic law. Part 2
covers diagrams without numbered axis. This type of diagram is very comon in
economics and many students struggle with its interpretation. |
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The Law of Suppy - Why does a price increase increases production?
(4:57 min)
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The video explains in an intuitive way, why costs are crucial to explain that
price increases for a good usually leads to more production in a market. This is
also refered to as the Law of Supply. |
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Finding Demanded and Supplied Quantities in a Market Equilibrium
Diagram, Part 1 (5:34 min)
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The video helps students to find demanded and supplied quantities simultaneously
for a given price in a market diagram. This skill is important for many
applications including price ceilings and floors as well as stability analysis
of an equilibrium. The video provides a step by step approach to find and
compare supplied and demanded quantities. Part 1 uses a diagram with numbered
axis. |
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Finding Demanded and Supplied Quantities in a Market Equilibrium
Diagram, Part 2 (x:xx min)
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The video helps students to find demanded and supplied quantities simultaneously
for a given price in a market diagram. This skill is important for many
applications including price ceilings and floors as well as stability analysis
of an equilibrium. The video provides a step by step approach to find and
compare supplied and demanded quantities. Part 2 uses a diagram with un-numbered
axis. |
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Equilibrium and Stability - Why can we be so sure that most markets
reach the equilibrium price and quantity? (3:27 min)
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The videos show briefly how stuents can find an equilibrium in a diagram.
Afterwards, two examples are used to show that markets tend to reach the
equilibrium. This is important to understand, because performing analysis with
demand and supply diagrams becomes much easier when we can assume that a market
reaches its equilibrium by itself. |
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Absolute Change vs. Percentage Change - When to use wich concept? (x:xx
min)
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The video uses an example to show the differences between absolute and relative
(percentage) change and discusses when to use which method. It also provides
definitions for both concepts. |
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Calculating Percentage Change - Traditional Formula vs. Midpoint Formula
(4:10 min)
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The video demonstrates the shortcomings of calculating percentage change with
the traditional fomula taught in highschool. Then it introduces the midpoint
formula for calculating percentage change as an alternative that overcomes these
shortcomings. |
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Slope vs. Elasticity (6:58 min)
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This video shows how to calculate slope and elasticity for a demand curve. It also helps to learn how to distinguish between slope and elasticity. The video was made with Light-Board technology. |
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