Supply and Demand (and Equilibrium Price & Quanitity) - Intro to Microeconomics
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- Опубліковано 24 лип 2024
- A quick and comprehensive intro to Supply and Demand. We define the demand curve, supply curve and equilibrium price & quantity. We draw a demand and supply curve graph - and figure out why they look like they do. We find equilibrium quantity and equilibrium price. This video targets a student in an introduction to microeconomics class.
•Video 1: Intro to Supply & Demand: • Supply and Demand (and...
•Video 2: Shifts to Supply or Demand Cruves: • Shifts to Demand or Su...
•Video 3: Shifts in BOTH Supply and Demand: • Shifts in both Supply ...
More Intro to Microeconomics Videos: sites.google.com/site/curtisk...
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Video Outline:
A "market" with price and quantity.
Demand Curve 2:00
• The law of demand.
• Increases and Decreases in Demand. 5:30
• Another Video on the topic:
Supply curve.
• The law of supply 9:30
• Increases and decreases in Supply. 11:44
• Another video on this topic
Demand and Supply together. 15:50
• Equilibrium price and quantity supplied and demanded. 16:20
• Forces that tend toward equilibrium. Shortage, 18:15. Surplus 21:20
Thank you!! 8 years later this video is still really appreciated
Is anyone else here because they got a Microeconomics exam tomorrow?
Hope it went well!
Gangsterlife333 yeah..😣😣
yes yah
Yep dude....
i got macroeconomics but let's say yes TT
I sat through an entire 3 hour lecture to try to learn what you so simply and clearly explained in 24 minutes! Thank you!!!
Perfect!!!!!!! Why can't my professor explain this as simply ?!? It's not a difficult concept .... Haha ... THANK YOUUUUU!
is very difficult
Sana all na gets
Naol
I gained such a better understanding on this subject. Your explanation was amazing!! Even with all of the reading and lectures of my professor, I am clearly more comfortable now! THANK YOU!
Hey, I went through most of Macro Econ not knowing much and just memorizing patterns, this video really helped me understand economics and improved my knowledge vastly.
You're welcome. I'm happy you found it helpful!
This is definitely by far the best explanation, easy to understand whilst at the same same time very detailed.
This video helped me undersatnd the differences between the two so much better. I was so confused as to how each curve shifts in certain situations, but now I understand.
I'm currently taking Principles of Microeconomics. I just watched this video to help prepare me for my first exam. This was extremely useful. I was able to take great notes and finally understand what an equilibrium price actually is. Thanks.
Thanks for doing this. My econ prof is a brilliant guy with a not-so-brilliant grasp on the english language, and I kept finding myself getting lost in his lectures. This helped a lot.
I returned to collage in pursuit of my masters, & ironically I needed to brush up on this class. You have a good effective way of teaching. I hope there are more tips & tutorials I can use. Thanks again.
i watched like 5 videos. Now i can finally move on with my life. You are a healer my friend. Thankyou
Yeah, sorry, I'm new here.
Thanks for the feedback and hope you find resources more up your alley!
Wow, definitely a subscriber now. I take the BEC portion of the CPA exam in two days and I have really been struggling on this section. You just explained this section much better than the pricey review course!
Thanks dude! This helped me enormously! You turned half a term of confusing explanation into an easy 25 min vid.
I really enjoyed this. This 24 minute presentation was more useful than the 3 lectures that it took my economics professor to explain the same thing.
I am currently taking micro Econ and of all my 3 years of college courses, this has proved the most challenging (and likely not helpful I took online vs in-seat version). This was very helpful and thank you!! :)
This was amazing!!! My textbook and lecturer make this so complicated but this, this made it so simple. Thank you!
Refilwe Mofoka ikr same here...I can finally graduate lol
Exactly i don think these troll understand what they saying
Very very helpful to me, who could not understand squat from my text books, and the teacher purposely left out information, in hopes that we would read. I am an Audio Visual learner, and you just helped me more than anybody else, tutor and teacher combined. Thank you!
I found this helpful as I am taking online courses and my school lacks lectures. Since watching your video I am getting the idea and understanding I need. I will be using your videos for the rest of my class. Thank you sooo much!!
Thank you, this is by far the best video for people who study online because it's simple fast and to the point. A++++++
I really appreciate your videos! I am beginning to grasp microeconomics and gaining confidence in my college course. So thanks!
U basically summed up 2 months of Econ for me , that's awesome. Great video
Thank you Curtis. I hope this message finds you well. I'm going to subscribe and view this video a few more times. It was very easy to follow, you have an excellent teaching style. Keep up the great work, be well.
Thanks for the step by step lesson in supply and demand, a lot better than the books I have and the scribbles I did during lectures.
This was very helpful! I'm in a Macroeconomics class this semester (Freshmen in college). My professor doesn't show up to class, and I have an exam tomorrow. You've explained this great-I've been going about it wrong the whole time. Thank you!
Your video has helped me big time, thank you for being so clear and going through the problem step-by-step
Wow, finally someone took time and explained this so well. thank you so very much. I wish you lectured my entire micro-eco course. My professor is absolutely horrible (unfortunately). Thank you again. You've been so helpful. Finally this sunk in after two months of classwork, and look.... you did it in less than 25 min. You are great! Thank you, thank you thank you!
hows life?
You are a genius! You cleared this graph up for me in 24 minutes when I could not make sense of it over about 6 classes and a few years! Thank you. So gonna hit the like button :)
that's very nice of you to say!
Great video thanks so much. You summed up a months worth of classes
Thanks for your help! I passed my midterm because of this video. THANKSS!!
WoooWhoo!
Clear, clean, and concise! Thanks dude, your video helped understand my current learning Mod. in Micro-Economics class just that much more.
Extremely good video! Doing a great favor to several thousands of people across the world :)
Decided to take Micro as an online summer class, and was getting very close to dropping it. BUT then I found this video!! There is hope after all.
brilliantly explained. thank you sir. youve done a great service to me. :)
thank you for making this video. i am studying microeconomics for the first time and your tutorial helped alot . regards from Pakistan!
Great explanation for supply and demand curves. Well done! Any dummy, like me, could easily understand the lecturer's explanations.
it was very helpful to me..now the concept of demand and supply is much clear.
This was very helpful! Much more helpful than my professor, thank you!
That video was very informative. Now I understand my textbook. Thank you. I look forward to other (macro)economics videos.
Wow, this tutorial made it so much easier for me to comprehend this, thanks!!
Awesome video understood better in 25 minutes than 6 weeks into the class
Definitely a wonderful breakdown. I was so confused when I was reading the chapter. Also being an online student and taking this class is not so easy, but glad your here to help! Do you have any Production Possibilities Frontier videos that analyze opportunity costs and trade-offs?
Thank you so much!!! it helped me better to understand this topic as my intro to econ mid term is tomorrow :( :))))))))))
You are amazing!! your explanation of the topic is very clear.
THANK YOU SO MUCH :))
It sounds like you want a time series. You'd show that in a time series by prices on the y-axis and time on the x-axis.
So, say, prices are high for a period of time. Then some event happens that leads supply shifts out, prices are lower.
It's a good idea, I should make something to answer that!
Im ready for an A on my test tomorrow! Thank you so much it was so helpful you did in 24 min what my prof couldn't in 4 days :O
Straight to the point and easy to understand. Awesome video!
Thank you! This was extremely helpful for me. in understanding how the graphs work.
well done bro, you explain much more effective and efficient than my lecture , thank you :)
Found this extremely helpful, I'm an econ student, good job🎯🙏🏾
This is the best supply and demand curve video i’ve ever seen
Thanks very nice of you to say, thank you.
You wizard! Why can't everyone learn to explain this like you have done now?! Thank you very much. :)
Wowww this is simply explained and it is so clear...I thoroughly enjoyed and understood everything
finest video on supply demand man ,thank you.
Thank you so much, I was struggling to understand this but this has made it clear. Thanks
great video! especially when you explained the difference in change in... and movement alonga curve! very helpful!!!
You sir, are a life saver
In this simple model of supply and demand, you'd get a surplus.
If price is kept artificially high (above the equilibrium I talk about in the video), then suppliers are willing to produce more than consumers are willing to buy. Hence, we have a surplus of this good.
Normally, suppliers who are more efficient at producing the good would bring down the price. Down to the point where quantity demanded equaled quantity supplied.
But not so with a price floor above the equilibrium.
Thank you--this was very helpful and one of the best explanations I could find. 😀
great, finally understand it because of you. wish you were my teacher. thank you!
NIce way to explain, clear and very effective. Just that mention of "Market Clear Price" would have been a nice add on. Thanks!
Great explanation. Bets my text book hands down! Thanks. :)
This was very helpful I understood more than what I did in my two hour lecture
WOW you just saved me. Thank you so much for the clear explanation!
omg you saved me ;-; I didn't understand it at all and you made it so much more easier, thanks!!!!! :D
Better than my textbook! Thank you so much! :)
Thank you for uploading such a clear and informative video. God bless you sir : )
Thank you thank you thank you! You are so awesome! It finally makes sense to me know the way you summarizes it!
I like this lesson bit easy to follow and really helpfull. The language is doesn't too hard to understand. Thank you sir, I am from Jakarta, Indonesia.
Awesome, great teaching skill. I am impressed because got it clearly
Awesome, thanks! (though, to give your 6 weeks of lecture its due, my review is just a fast test prep review I like to do for students - it takes for granted that you've at least seen and thought a bit about this stuff before).
Good luck with mid-terms!
wowww it was very helpful to me....now the concept of demand and supply is much clear..........
its 2021 and this is still the best video
You are great at helping us understand better thank you, just wish you could also start lessons for Maths literacy
Thank you,, this just simplified the process in a few minutes .. This is a big help :)
You did a summary of three chapters of my economic book in one video.
I have a test to take. Wish me luck.
Thank you! I have such a better understanding of this topic!
Thanks for clearing my doubts! Very informative and useful! Appreciate ur uplaoad:)
It is helpful, thank you. There would be interesting demographics to see where high price and low demand represent certain demographic chocies vs low price and high demand. I have something interesting to think about for later, since I watched this.. Have a nice day.
thanks you so much!!!!!! This was a great help!!! bless you!
Thank you for this, I found it very helpful :) ... would you have any other videos on how to solve the equations ?
This video was extremely helpful! Thank you so much for making it.
i begin to learn economic from this semeter...thank you for your video because it help me have a first step in learning economic
Brilliant, and absolutely useful - I will show to my class. BUT, a compliment is like me telling you your hair looks nice, a complement is an item associated with another item.
This explanation helped me so so much!!!
This was reeeally helpful to me!! Thank you so so so so much!!! :D
thank you very much, very informing got all the info for my exam tommorow :)
...*firms' (plural) willingness... (that is, we're talking about a full market - so many firms)
But yes, as a super short summary of what the supply curve and demand curve are supposed to represent, I'd say you got the gist of it.
Fantastic video!
Absolutely helpful. Hope i pass my tests.
THANK YOU SO MUCH!!!!!!!!!! everything was explained so well
You're welcome. Happy to help!!!
HELPED ME WITH MY EXAMS THANK GOD
Thank you for your video. Read the entire chapter and was just annoyed then watched this and was like ok thats easy. u da man
Thank you this lesson very insightful and easy to follow. Other lectures complicate this topic.
Explained it very well, thank you.
Thank you,you helped me understand this graph .
That was Great man the best example out there. I'm just wondering what software do use to draw your graphs because it looks really easy and neat.