Unit 1: Economics and Globalization

Lesson 3c: Market Equilibrium and Efficiency
(So what happens to Price and Quantity?)

Assignments: Video Lectures

 

PUTTING SUPPLY AND DEMAND TOGETHER

2.3.1 Determining a Competitive Equilibrium 11:04 [MyNotes]

2.3.2 Defining Comparative Statics 7:02 [MyNotes]

2.3.3 Classifying Comparative Statics 11:54 [MyNotes]

AC Micro 2.4 Double Shifts in Supply and Demand: Econ Concepts in 60 Seconds (2:34)

EconMovies: Episode 4: Indiana Jones (Demand, Supply, Equilibrium, Shifts) (7:02)

 

MARKETS AND EFFICIENCY

Efficiency and Equilibrium in Competitive Markets (econclassroom.com 11:48) [begin at 7:27 and stop at 8:44, we will not cover consumer and producer surplus] [MyNotes]

 

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Lesson 3c