Supply, demand, and market equilibrium
The core ideas in microeconomics. Supply, demand and equilibrium.
This course contains 5 segments:
Introduction to economics
This tutorial (that only has one video) is an overview of what economics is. In particular it will tell you the difference between microeconomics (the subject you're in right now) and macroeconomics. Really good first watch to give you some context on the world of economics.
The demand curve
You've probably heard of supply and demand. Well, this tutorial focuses on the demand part. All else equal, do people want more or less of something if the price goes down (what would you do)? Not only will you get an intuition for the way we typically depict a demand curve, you'll get an understanding for what might shift it.
The supply curve
Now we'll focus on the "supply" part of supply and demand. Supply curves (as we typically depict them) come out of the idea that producers will make more if they get paid more.
Market equilibrium
You understand demand and supply. This tutorial puts it all together by thinking about where the two curves intersect. This point represents the equilibrium price and quantity which is, in an ideal world, where the market would transact.
What drives oil prices
This tutorial tries to address a very important question in the real world--what drives oil prices? And we will do it using the tools of the supply and demand curves.
Get a Reminder
Rating | Not enough ratings |
---|---|
Length | 5 segments |
Starts | On Demand (Start anytime) |
Cost | Free |
From | Khan Academy |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Social Sciences |
Tags | Economics-Finance-Domain Microeconomics |
Get a Reminder
Similar Courses
Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile.
Supply Sergeant 2 $52k
Supply Specialist 3 $54k
Supply Agent $57k
Supply Mentor $65k
Supply Accountant $66k
Supply Technician 3 $70k
Supply Technician 4 $71k
Supply Rep $71k
Gas Supply $76k
Supply Services $80k
Supply Chain 1 $88k
Materials and Supply $92k
Write a review
Your opinion matters. Tell us what you think.
Please login to leave a review
Rating | Not enough ratings |
---|---|
Length | 5 segments |
Starts | On Demand (Start anytime) |
Cost | Free |
From | Khan Academy |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Social Sciences |
Tags | Economics-Finance-Domain Microeconomics |
Similar Courses
Sorted by relevance
Like this course?
Here's what to do next:
- Save this course for later
- Get more details from the course provider
- Enroll in this course