So we’ve talked about demand, we’ve talked about supply, now I show how the two fit together. The first video explains why markets reach equilibrium at the point that they do (spoiler alert: it’s where supply and demand intersect), and the second goes through the algebra of solving for market equilibrium. (If you are studying econ just for fun, the first video is probably more interesting to you than the second.)
(I apologize that my shirt in the first video probably makes people dizzy. My bad.)
See here for the Micro 101 videos page, or here for econgirl’s YouTube channel.
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2 responses so far ↓
1 tamara // Feb 20, 2010 at 6:56 pm
Great vid! is easy to understand for non economist.Keep them coming
2 Dean R Anderson // Feb 23, 2010 at 12:38 pm
Well, done!
Always nice to see a refresher. Keep them coming.
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