Indifference Curves
Think about what restricts your choices when it comes to buying goods and services. Your income is one variable. Prices are ...
What Shifts the Demand Curve?
What are the factors that cause the demand curve to shift to the left or to the right? What does it mean when demand shifts?
The Iron Logic of Diminishing Returns (Solow Model Explained)
Do you recall our question about Germany and Japan from our previous video? How did they achieve record economic growth ...
Understanding Inflation and CPI (Consumer Price Index)
Inflation is common in a modern economy. Shifts in supply and demand for goods and services cause prices to change ...
The Tragedy of the Commons
How common resources, like fisheries and forests, suffer from the tragedy of the commons, and economic solutions including ...
Understanding the Demand Curve: Shifts and Consumer Surplus
This video looks at both the horizontal and vertical methods for reading the demand curve, how demand curves shift, and ...
Exploring Equilibrium
In this video, we'll review equilibrium in the adjustment process, showing that the equilibrium price is the only stable price.
Moral Hazard
Imagine you take your car in to the shop for routine service and the mechanic says you need a number of repairs. Do you really ...
What is Gross Domestic Product (GDP)?
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the ...
Introduction to Economics | Marginal Revolution University (MRU)
Economics is much more than just numbers and graphs. In fact, we can use economics to explain much of what we encounter in ...
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