The video introduces the economic problem - the central issue that drives every economic system towards the type of economic activities that they undertake. The lecture explains the scarcity of resources and the choices that people have...

This video provides an introduction to the topic of government intervention in markets. The video discusses different types of market failures and the reasons why governments may intervene to correct them. The video also discusses...

The video is a lecture on the economics of the sport and leisure markets, as well as the healthcare market. The lecturer explains the concept of supply and demand and how it applies to these markets. The lecture covers topics such as...

This video discusses the concept of contestability in economics. The presenter explains how markets with low barriers to entry and exit tend to result in normal profits, productive and allocative efficiency, and potential hit and run...

The speaker discusses dynamic efficiency in this lecture video. He explains the difference between static efficiency and dynamic efficiency and provides examples of how they can be applied to analyze industries. He describes the three...

This video is a lecture presentation introducing the concept of an oligopoly market structure. The speaker discusses the main characteristics of an oligopoly market and compares oligopoly to other market structures, such as perfect...

This video discusses the topic of minimum wages and aims to help the viewer understand their effects on labor markets and the associated advantages and disadvantages. The presenter explains what a minimum wage is and how it is typically...

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...

The video is a lecture presentation that explains the concept of price controls. The presenter discusses the two types of price controls: maximum and minimum, and analyzes their impacts on supply, demand, and welfare. The video explains...

The video is a lecture presentation on poverty and its economic consequences within an economic system. The video discusses the two main forms of poverty in the UK: absolute poverty and relative poverty. The speaker also explores the...

In this video, the speaker discusses how government intervention in the market can take the form of state provision and regulation. The video provides examples and nuanced arguments for both state provision and regulation as forms of...

This is a video lecture that explores the topic of indirect taxation as a form of government intervention in markets. The speaker covers the economic rationale for government intervention to rectify market failure, the types of market...

The video explains the economic applications of game theory and how it can help us understand the interactions between economic agents such as countries, firms, and producers. The concepts of game theory, players, rules, outcomes, and...

The video discusses the topic of subsidies and how they can be used as a government intervention in markets. The speaker explains how subsidies can help to rectify market failures, particularly in cases where a product is under-provided...

In this video, the concept of subsidies is explained. The video provides various examples of industries that are heavily reliant upon subsidies, such as the UK rail industry and the common agricultural policy in Europe. The overall cost...

This is a video that explains how to apply supply and demand to financial markets. The video provides examples of applying supply and demand to various financial products such as loans, bonds, and equities. The presenter also discusses...

Marginal Cost and Benefit Diagrams

In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit.

This is a lecture on the causes of shifts in the supply curve in microeconomics. The lecturer then identifies the four main causes of supply shifts, including changes in the cost of production, introduction of new technology, factors...

In this video I reviews all of MICROeconomics in 19 minutes. (Note- I used the same intro from the macro video since Unit 1 is the same, but this definitely covers MICRO).

The video explores the UK housing market and explains how supply and demand impacts it. It covers various factors affecting the demand for housing such as availability of mortgages, speculative investment, regional demand variations,...

The video describes the basic concepts of game theory and uses the example of the prisoner's dilemma game to explain the Nash equilibrium. The video also discusses the use of the payoff matrix as a tool for analyzing outcomes within a...

The video is a lecture discussing agricultural and commodity markets with a focus on applying the principles of supply and demand to these industries. The speaker defines key terms and explains the analytical process of establishing...

This video is a lecture presentation about economic statements and judgments. The speaker introduces the concept of economic statements and how they are formed, with a focus on the different types of statements and judgments made by...