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ch. 14 Resource Demand
 
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This screencast has been created with Explain Everything™ Interactive Whiteboard for iPad PowerPoints by McConnell, Brue and Flynn
Views: 1563 Maria Papapavlou
Resource Demand - an Introduction & Brief Analysis
 
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Captured by [email protected] The first of a two-parter devoted to an analysis of demand in resource markets.
Views: 3155 Kyle Purpura
Changes in Resource Demand and Individual versus Market Demand for Labor
 
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This lesson introduces the factors that can cause demand for a resource to change and explains how the market demand for a resource is the sum of all the demands of the individual firms hiring that resource. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 1502 Jason Welker
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 516157 CrashCourse
Demand for Resources
 
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Views: 44 Shuang Xu
Factors of Production (Resources)
 
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Factors of Production (Resources) There 4 factors of production, namely, land/raw materials, labor, capital and entrepreneurship. Why is entrepreneurship considered a type of resource? Well, because an entrepreneur brings other 3 factors of production (land/raw materials, capital and labor) together to make production possible. Why is money not considered a type of resource in economics? What is the difference between economic capital and financial capital?
Views: 140125 Economics Mafia
Lecture 1 (Economics of Natural Resources)
 
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Overview, about me, you and the class. Economics, math, resources and the environment
Views: 32325 David Zetland
Intro to Economics: Crash Course Econ #1
 
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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3609161 CrashCourse
Micro 5.1  Market and Minimum Wage: Econ Concepts in 60 Seconds:- Economics Lesson
 
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Mr. Clifford's 60 second explanation of the labor market for cooks and the affects of minimum wage. Remember that the firms are now demanding and individuals supply. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 171852 Jacob Clifford
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1657422 CrashCourse
Price Ceilings and Floors- Economics 2.6
 
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In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph and identify if there is a shortage or a surplus. Keep in mind that your teacher may use the word "binding" to describe the situation where the price control has an effect on the market. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next videos showing what happens to consumer surplus, producer surplu, and dead weight loss https://www.youtube.com/watch?v=n0LXkA9kato All Microeconomics Videos https://www.youtube.com/watch?v=swnoF... All Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 659205 Jacob Clifford
Environmental Economics
 
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021 - Environmental Economics In this video Paul Andersen explains how economic models, like supply and demand, can be applied to environmental systems. The market forces will not protect environmental services until proper valuation and externalities are established. The wealth of a nation can be more accurately measured through the sustainability of the economic model. Do you speak another language? Help me translate my videos: http://www.bozemanscience.com/translations/ Music Attribution Intro Title: I4dsong_loop_main.wav Artist: CosmicD Link to sound: http://www.freesound.org/people/CosmicD/sounds/72556/ Creative Commons Atribution License Outro Title: String Theory Artist: Herman Jolly http://sunsetvalley.bandcamp.com/track/string-theory All of the images are licensed under creative commons and public domain licensing: balin, jean victor. (2009). Cartoon cloud. Retrieved from https://commons.wikimedia.org/wiki/File:Cartoon_cloud.svg Contrast, H. (2008). Deutsch: Eine Fabrik in China am Ufer des Jangtse.English: A Factory in China at Yangtze River.Euskara: Landare industrialen ondoriz, aire kutsakorra.Nederlands: Industrie langs de Yangtse rivier in China. Retrieved from https://commons.wikimedia.org/wiki/File:Factory_in_China.jpg EPA. (2008). English: Diesel smoke from a big truck. Retrieved from https://commons.wikimedia.org/wiki/File:Diesel-smoke.jpg Evans, N. 17 crew; taken by either H. S. or R. (1972). العربية: صورة الكرة الزرقاء الشهيرة التي تعتبر أول صورة لمنظر الارض الكامل. إلتقطت الصورة في 7 ديسمبر 1972. Retrieved from https://commons.wikimedia.org/wiki/File:The_Earth_seen_from_Apollo_17.jpg Factory by Anonymous. (n.d.). Retrieved from https://openclipart.org/download/23962/Anonymous-Factory.svg Gizlog. (2011). English: Sigmund Freud Bobble Head/Wackelkopf. Retrieved from https://commons.wikimedia.org/wiki/File:Sigmund_Freud_Bobble_Head_Wackelkopf.JPG Zifan, A. (2015). English: Countries by GDP (PPP) per capita in 2014, based on data from the International Monetary Fund. Retrieved from https://commons.wikimedia.org/wiki/File:Countries_by_GDP_(PPP)_Per_Capita_in_2014.svg
Views: 87799 Bozeman Science
Population and Resources - Demand for Resources
 
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A summary of the demand for resources topic. Useful for revising physical geography.
Views: 35 Alana Wheat
Environmental Econ: Crash Course Economics #22
 
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So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants. This week, Adriene and Jacob focus on the environment, and how economics can be used to control and reduce pollution and emissions. You'll learn about supply and demand, incentives, and how government intervention influences the environment. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 306488 CrashCourse
BBI - Economic Resources, Supply & Demand
 
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Created with TechSmith Snagit for Google Chrome™ http://goo.gl/ySDBPJ
Views: 620 R Sharma Lakhan
Economic Systems and Macroeconomics: Crash Course Economics #3
 
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In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices. Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Everyone FROM: Martin To gild refined gold is just silly. TO: Dana FROM: Cameron Still holding out. We're going to make it! Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, Damian Shaw, Sverre Rabbelier Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1631873 CrashCourse
Micro Economics - Natural Resource Supply and Demand - Question 13
 
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Follow the link below for the question in this video: http://www.csun.edu/bus302/Lab/SampleExams/microsample1.htm Follow me on Twitter and LinkedIn: https://twitter.com/devonpscoombs https://www.linkedin.com/in/devoncoombs Tutor of the video: Julius Loredo https://www.linkedin.com/in/julius-loredo-45b637b6 Like Our Facebook Page: https://www.facebook.com/businesscoretutoring Please subscribe to my channel :)
Resource Demand - Shifts in the Resource Demand Curve
 
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Captured by [email protected] Second in a two-part video devoted to an analysis of demand in resource (factor) markets.
Views: 506 Kyle Purpura
The Circular Flow Model of a Market Economy
 
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By this point in your course you may have learned the definition of a market: A place where buyers and sellers meet to engage in mutually beneficial exchanges. But what is a market economy? Two basic types of markets exist in any market economy: resource markets and product markets. The exchanges that take place in these markets benefit both the households and the firms that engage in exchanges. This lesson will introduce the circular flow of money, resources and goods and services in a market economy. We will examine how resources flow from households to firms, and goods and services from firms to households. We will also seek to explain why individuals are willing to engage in the exchanges that characterize the market system. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 334595 Jason Welker
Factors Affecting Demand.
 
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Transcript: Let’s imagine we are all consumers. What makes us want to buy more apples or fewer apples? Prices. At $2, we’ll say, nah, it’s too expensive. Let’s just get 1. But if the price drops to $1, we’ll say, cool, let’s get 3 apples now. Tastes and preferences. Hey, I saw an advert today. Apples are good for health. All of a sudden, I want to buy more apples. When tastes shift towards apples, demand for apples increases. Price of complements. We say goods are complements of each other when they are normally bought together. For example, printer and ink cartridges. Or bread and jam. If bread gets cheaper, what happens to our demand for jam? Well, bread gets cheaper, we buy more bread, so we’ll buy more jam. Price of substitutes. Substitutes are goods that are bought for the same purpose. For instance, Pepsi and Coke are substitutes. When price of Pepsi drops, we’ll start to think, hey, let’s buy fewer cans of Coke and switch to Pepsi. They are the same thing anyway. So when price of Pepsi drops, demand for coke decreases. Income. You know, we all have this lust for material stuff? And we think that when we make more money, we are going to buy more of this and this and that? These type of goods are called normal goods. When our income increases, we want to get more normal goods like cars. There’s another category of goods called inferior goods. For example, food from roadside stalls. Perhaps your income increases and think, this food is inferior! You have more money, you want to eat in a restaurant now. When our income increases, we demand fewer inferior goods. Expectation of prices. “There’s a drought going on in Thailand. Shortage of rice in the near future is expected”. Crap, no rice? Man, I think price of rice is going to increase. Better go buy and stock up some rice now. So if we think future prices of rice will increase, our demand for rice today increases. Population. When the number of people on an island increases, the demand for houses increases. When population increases, demand for something will increase. So this is the summary. But hey, there are so many factors affecting demand. I’m getting confused. How do I graph the demand curve? If you like this video, remember to like and subscribe. Next up: The demand curve. _____________________________________________________
Views: 43609 Economics Mafia
Micro Unit 1 Summary- Basic Economic Concepts
 
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The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe. The Ultimate Review Packet https://www.youtube.com/watch?v=SxBL54a3-QQ Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 815431 Jacob Clifford
Resource Demand (MRP) in a Monopoly Market
 
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How does a monopolistic seller's demand for workers compare to that of a perfectly competitive firm? Interestingly, monopolists are less responsive to changes in the wage rate than competitive sellers. This lesson illustrates and explains WHY the demand for labor by a monopolist is relatively inelastic. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 2191 Jason Welker
Price Ceilings: Misallocation of Resources
 
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Suppose there is a mild winter on the West Coast and a harsh winter on the East Coast. As a result of the weather, people on East Coast will demand more home heating oil, bidding up the price. Under the price system, entrepreneurs will be incentivized to take oil from where it has lower value on West Coast to where it has higher value on the East Coast. But when price controls are in place, even though the demand is still there from the East Coast, there is no signal of a higher price, eliminating the incentive for entrepreneurs to transport oil from west to east. In fact, this happened in the 1970s, resulting in oil going to lower valued uses on the West Coast while many people on the East Coast didn’t have enough oil to heat their homes. In this video, we’ll look at a diagram to visualize this misallocation of resources. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1QyCqBp Next video: http://bit.ly/1LGjhMB Help us caption & translate this video! http://amara.org/v/GLJ5/
AP Micro: Unit 7 Screencast 2 - MRP is the Demand Curve for a Resource
 
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Main Topics: MRP as the demand for a resource, the impact of different types of product markets on resource markets, the determinants of resource demand, the Marginal Productivity Theory of Income Distribution, and the Lorenz curve. To download a copy of the screencast notes click https://docs.google.com/presentation/d/1jooazFI9pHkj03_V86kObtTHkY2b3RVWFEM0VPaAL4Y/edit?usp=sharing.
Specialization and Trade: Crash Course Economics #2
 
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In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things like comparative advantage, the production possibilities frontier and how to make pizza! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Sarah M. FROM: Anthony M. "Making our own history awesome! Happy 3 year Anniversary!" TO: Everyone FROM: Someone "The earth is but one country, and mankind its citizens." Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Nathanial R. Castronovo, Eefje Savelkoul, Nupur Maheshwari, Jacob J., Dominik Steenken, Shai Belfer, Stefan Bjerring Henriksen James Kribs, Hugo Jobly, Tim Eramo Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1555055 CrashCourse
Demand and Supply Explained- Econ 2.1
 
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Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk Get the Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Video Explaining Shifting the Curves https://www.youtube.com/watch?v=V0tIOqU7m-c Unit playlists https://www.youtube.com/watch?v=HQkVO2PsxFw Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 1759132 Jacob Clifford
Resource Demand
 
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Microeconomics-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 237 Arian Ramaj
Resource Allocation & "the Market'' : Demand and Supply
 
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Recorded with http://screencast-o-matic.com
Views: 127 Nicolette Stewart
Productivity and Growth: Crash Course Economics #6
 
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Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 897275 CrashCourse
Market Failures, Taxes, and Subsidies: Crash Course Economics #21
 
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This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it's funny you should ask, as we also talk about that in this episode. We'll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 638463 CrashCourse
supply demand in equilibrium
 
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How markets resolve surpluses and shortages through price changes (slides along the demand and supply curves). See more videos and economics learning resources at www.dirkmateer.com!
Views: 202200 dmateer
Allocative efficiency and marginal benefit | Microeconomics | Khan Academy
 
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Marginal Utility and maximization Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/economic-growth-through-investment?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/increasing-opportunity-cost?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 330664 Khan Academy
Diminishing Marginal Returns- Micro 3.1
 
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I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns. For more econ stuff, visit my website www.ACDCEcon.com Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji High school version of this video- https://www.youtube.com/watch?v=_TQ62MwzSrY Next Video- Economies of Scale https://www.youtube.com/watch?v=JdCgu1sOPDo Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Twitter (#askclifford) https://twitter.com/acdcleadership?lang=en By the way, I had some songs from West Side Story in my head while I was filming.
Views: 570371 Jacob Clifford
Office Hours: Change in Demand vs. Change in Quantity Demanded
 
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When to shift and when to slide along a demand curve. See more videos and economics learning resources at www.dirkmateer.com!
Views: 4192 dmateer
Economics: Deriving the Factor Demand Curve
 
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http://www.mindbites.com/lesson/7737 for full video. For a full video Economics course, you'll want to click through to http://www.mindbites.com/series/1078-economics-full-course. Also be sure to check out http://www.mindbites.com/category/46-economics for other video lessons on Economics topics and concepts.
Views: 3588 Mindbitesdotcom
Elasticity of Demand & Marginal Revenue
 
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In this video, we look at the relationships between the price elasticity of demand, marginal revenue, and total revenue. We will use a profit-maximizing monopolist for reference.
Lecture 13 (Economics of Natural Resources)
 
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The market for textbooks. Water as a resource.
Views: 924 David Zetland
Demand and Supply Unit:  The Role of Price Mechanism
 
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Your IB Economics Course Companion! This is video 8 of 9 videos in "The Demand, Supply, and Market Equilibrium Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFukl4NeEdAPsnHHpFAp1tw As a teacher of IB Economics in Santiago, Chile, these videos were created to help Standard Level students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other economics students around the world. It is important to note that I use Jocelyn Blink and Ian Dorton's "IB Economics Course Companion" as the primary text in class. As a result, many of these videos use this text as source material. I have found it to be an excellent source. Another source you may find helpful is Jason Welker’s site www.econclassroom.com. Welker’s site and course companions are excellent and have served as another source for these videos. Thank you Jocelyn, Ian, and Jason. I hope you find these videos helpful to your study of IB Economics and please let me know if you have any suggestions to improve them. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 8160 Econ Course Companion
The Law of Demand
 
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Our study of market economies requires us to examine both the demand-side and the supply-side of product and resources markets. Buyers and sellers interact with one another to engage in mutually beneficial exchanges in a market economy, and prices are set based on the demand and supply for a particular good, service or resource. This video lesson presents the law of demand, and explains how the demand curve can illustrate this fundamental economic concept. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 28891 Jason Welker
Production Possibilities Curve- Econ 1.1
 
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In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe. If you need more help, check out the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 1071728 Jacob Clifford
Office Hours: How Changes in Demand and Supply Affect Surplus
 
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When demand and supply change this results in a change in the price and the quantity bought and sold. In this video I describe the impact that demand and supply shifts have on the amount of consumer and producer surplus created in the market. See more videos and economics learning resources at www.dirkmateer.com!
Views: 15733 dmateer
8. Economics of Energy Demand
 
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MIT 15.031J Energy Decisions, Markets, and Policies, Spring 2012 View the complete course: http://ocw.mit.edu/15-031JS12 Instructor: Richard Schmalensee License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
Views: 11498 MIT OpenCourseWare
Lecture 19 (Economics of Natural Resources)
 
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Weather water supply and demand, water prices (vs. scarcity). Can and trade for SO2 vs CO2
Views: 774 David Zetland
NB1. Shifting Supply and Demand
 
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http://nobulleconomics.com In this No Bull Review video, Mr. Medico presents the determinants of demand and supply. You will see the shift factors of the curves as well as the effects on market price and quantity. Dual shifts of the supply and demand curves are also discussed. For more review and practice questions, check out the No Bull Review books on Amazon and the most downloaded Economics app, "Economics AP," on iTunes. http://itunes.apple.com/us/app/economics-ap/id395030880?mt=8
Water Resources
 
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005 - Water Resources In this video Paul Andersen explains how water is unequally distributed around the globe through the hydrologic cycles. Seawater is everywhere but is not useful without costly desalination. Freshwater is divided between surface water and groundwater but must me stored and moved for domestic, industrial, and agricultural uses. Subsidized low cost water has created a problem with water conservation but economic changes could help solve the problem. Do you speak another language? Help me translate my videos: http://www.bozemanscience.com/translations/ Music Attribution Intro Title: I4dsong_loop_main.wav Artist: CosmicD Link to sound: http://www.freesound.org/people/CosmicD/sounds/72556/ Creative Commons Atribution License Outro Title: String Theory Artist: Herman Jolly http://sunsetvalley.bandcamp.com/track/string-theory All of the images are licensed under creative commons and public domain licensing: “Center Pivot Irrigation.” Wikipedia, the Free Encyclopedia, August 20, 2015. https://en.wikipedia.org/w/index.php?title=Center_pivot_irrigation&oldid=677028017. “Desalination.” Wikipedia, the Free Encyclopedia, September 4, 2015. https://en.wikipedia.org/w/index.php?title=Desalination&oldid=679383711. File:LevelBasinFloodIrrigation.JPG, n.d. https://commons.wikimedia.org/wiki/File:LevelBasinFloodIrrigation.JPG. Hillewaert, Hans. English: Aquifer (vectorized), May 25, 2007. en:Image:Schematic aquifer xsection usgs cir1186.png. https://commons.wikimedia.org/wiki/File:Aquifer_en.svg. Ikluft. Aerial Photo of the California Aqueduct at the Interstate 205 Crossing, Just East of Interstate 580 Junction., September 11, 2007. Own work. https://commons.wikimedia.org/wiki/File:Kluft-Photo-Aerial-I205-California-Aqueduct-Img_0038.jpg. Kbh3rd. English: Map of Water-Level Changes in the High Plains/Ogallala Aquifer in Parts of Colorado, Kansas, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, and Wyoming, 1980 to 1995., February 27, 2009. Own work. https://commons.wikimedia.org/wiki/File:Ogallala_changes_1980-1995.svg. moyogo, Water_Cycle_-_blank svg: *Wasserkreislauf png: de:Benutzer:Jooooderivative work: Water Cycle, SVG from Wasserkreislauf.png, November 13, 2011. Water_Cycle_-_blank.svg. https://commons.wikimedia.org/wiki/File:Water_Cycle-en.png. NCDC/NOAA, Michael Brewer. English: Status of Drought in California, October 21, 2014., October 23, 2014. http://droughtmonitor.unl.edu/MapsAndData/MapArchive.aspx. https://commons.wikimedia.org/wiki/File:California_Drought_Status_Oct_21_2014.png. “Ogallala Aquifer.” Wikipedia, the Free Encyclopedia, July 20, 2015. https://en.wikipedia.org/w/index.php?title=Ogallala_Aquifer&oldid=672198863. Plumbago. English: Annual Mean Sea Surface Salinity from the World Ocean Atlas 2009., December 5, 2012. Own work. https://commons.wikimedia.org/wiki/File:WOA09_sea-surf_SAL_AYool.png. Rehman, Source file: Le Grand PortageDerivative work: English: The Three Gorges Dam on the Yangtze River, China., September 20, 2009. File:Three_Gorges_Dam,_Yangtze_River,_China.jpg. https://commons.wikimedia.org/wiki/File:ThreeGorgesDam-China2009.jpg. Service, Photo by Jeff Vanuga, USDA Natural Resources Conservation. Level Furrow Irrigation on a Lettuce Field in Yuma, Az., October 4, 2011. USDA NRCS Photo Gallery: NRCSAZ02006.tif. https://commons.wikimedia.org/wiki/File:NRCSAZ02006_-_Arizona_(295)(NRCS_Photo_Gallery).tif. Station, Castle Lake Limnological Research. Castle Lake, California, January 14, 2008. [1]. https://commons.wikimedia.org/wiki/File:Castlelake_1.jpg. Tomia. Hydroelectric Dam, December 30, 2007. Own work. https://commons.wikimedia.org/wiki/File:Hydroelectric_dam.svg. USGS. English: Graph of the Locations of Water on Earth, [object HTMLTableCellElement]. http://ga.water.usgs.gov/edu/waterdistribution.html - traced and redrawn from File:Earth’s water distribution.gif. https://commons.wikimedia.org/wiki/File:Earth%27s_water_distribution.svg. version, Original uploader was Sagredo at en wikipedia Later. English: These Images Show the Yangtze River in the Vicinity of the Three Gorges Dam, September 29, 2007. Transferred from en.wikipedia; transferred to Commons by User:Rehman using CommonsHelper. https://commons.wikimedia.org/wiki/File:ThreeGorgesDam-Landsat7.jpg. “WaterGAP.” Wikipedia, the Free Encyclopedia, April 22, 2014. https://en.wikipedia.org/w/index.php?title=WaterGAP&oldid=605287609. “Water in California.” Wikipedia, the Free Encyclopedia, August 31, 2015. https://en.wikipedia.org/w/index.php?title=Water_in_California&oldid=678801793.
Views: 176117 Bozeman Science
Price Floors: Airline Fares
 
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In this video, we cover how price floors lead to wasteful increases in quality and a misallocation of resources. Using the real-world example of airline regulations from 1938-1978, we show how price floors can be used to restrict entry and reduce competition within an industry. When the Civil Aeronautics Board regulated airline fares, airlines couldn’t compete on price so they instead had to compete by increasing quality. This may sound like a good thing, but we’ll show how this actually created quality waste since the cost of that quality was higher than the value to the customers. Price floors also lead to the misallocation of resources by preventing competition and responsiveness to consumer demand. In this video, we’ll show you how consumers are negatively affected by price floors. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1oHOkmz Next video: http://bit.ly/1QdzLhf Help us caption & translate this video! http://amara.org/v/GLJb/
#2, Production possibility curve | Micro economics | Class 11 | Class 12
 
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Introduction of PPC... Assumptions and explanation... Shift and rotation of PPC.... Economics on your tips video 2 Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256 link for the previous video Central problem of the economy:- https://www.youtube.com/watch?v=kJWUOG2kRsk&t=25s link for the next video opportunity cost https://www.youtube.com/watch?v=wB7MIzIR7xE&t=25s
Views: 620807 Economics on your tips
Price Elasticity of Demand
 
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How is the demand for health care different than the demand of other consumer goods, like food for example? Sources: http://www.yaleruddcenter.org/resources/upload/docs/what/economics/FoodPricesElasticity_AJPH_2.10.pdf http://www.mackinac.org/1247 http://oheschools.org/ohech2pg7a.html Paul Krugman Microeconomics Second Edition Clip art Images http://www.unf.edu/ http://www.facebook.com/pages/UNF-Honors-Program/249964268159
Views: 161839 DeSpentDatMoney2