Watch the entire microeconomics playlist: supply, demand, elasticity, and market structures explained step-by-step.
- ▶ Introduction to Economics 6 min
- ▶ Introduction to Microeconomics 4 min
- ▶ Government Paternalism vs. Libertarianism 9 min
- ▶ Scarcity and the Fundamental Economic Problem 5 min
- ▶ Scarcity vs. Poverty 4 min
- ▶ Tradeoffs and Opportunity Cost in Economics 8 min
- ▶ The Production Possibilities Frontier (PPF) 9 min
- ▶ How to Graph the Production Possibilities Frontier (PPF) 9 min
- ▶ How to Graph the Marginal Cost Curve using a PPF 8 min
- ▶ How to Graph the Marginal Benefit Curve 9 min
- ▶ Allocative Efficiency 7 min
- ▶ Production Efficiency in Economics 4 min
- ▶ Inefficient Production in Economics: how some economies misallocate or waste resources 7 min
- ▶ Expanding the Production Possibilities Frontier (PPF) 6 min
- ▶ Specialization, Trade, and Comparative Advantage 11 min
- ▶ Law of Demand 5 min
- ▶ Law of Supply 5 min
- ▶ How to Find the Equilibrium using Suppy and Demand Curves 5 min
- ▶ How to Find the Equilibrium Mathematically 4 min
- ▶ How to Graph a Change in Demand 7 min
- ▶ Change in Demand vs Change in Quantity Demanded 6 min
- ▶ How to Graph a Change in Supply 5 min
- ▶ Change in Supply vs Change in Quantity Supplied 8 min
- ▶ Normal vs Inferior Goods 5 min
- ▶ How Substitutes and Complements Affect Demand 4 min
- ▶ Simultaneous Change in Demand and Supply 9 min
- ▶ How to Calculate Price Elasticity of Demand 7 min
- ▶ Elastic vs Inelastic Demand 5 min
- ▶ Income Elasticity of Demand 9 min
- ▶ Cross Elasticity of Demand 4 min
- ▶ Elasticity of Supply 3 min
- ▶ Equity vs. Efficiency in Economics 8 min
- ▶ 3 Types of Economic Efficiency 7 min
- ▶ 6 Types of Market Failures in Economics 14 min
- ▶ Consumer and Producer Surplus 10 min
- ▶ The Effect of a Price Ceiling 8 min
- ▶ The Effect of a Price Floor 7 min
- ▶ The Effect of a Price Support 9 min
- ▶ Gains from Imports: How Countries Benefit from Free Trade 7 min
- ▶ Gains from Exports: How Countries Benefit from Free Trade 7 min
- ▶ The Effect of an Import Tariff 10 min
- ▶ Externalities in Economics 5 min
- ▶ Negative Externalities in Economics 7 min
- ▶ Positive Externalities in Economics 7 min
- ▶ Pigouvian Taxes in Economics 11 min
- ▶ Cap and Trade (using Marketable Permits to address Negative Externalities) 9 min
- ▶ Cap and Trade vs. Carbon Tax 9 min
- ▶ The Coase Theorem and Negative Externalities 5 min
- ▶ Public Goods in Economics 4 min
- ▶ The Efficient Provision of Public Goods 7 min
- ▶ Common Resources (Common Goods) in Economics 8 min
- ▶ Individual Transfer Quotas (ITQs) 8 min
- ▶ The Economics of Pharmaceutical Drug Testing 8 min
- ▶ The Economics of Airline Safety 8 min
- ▶ Economics of Fracking 5 min
- ▶ Economics of Housing Vouchers 10 min
Edspira
YouTube Channel
Edspira's mission is to provide a world-class business education for free.
All videos are created by Michael McLaughlin, PhD, CPA.
Michael is an award-winning university professor who went from teenage homelessness at age 17 to obtaining a PhD from Washington University in St. Louis. He then taught accounting full-time at Washington University in St. Louis, where he won every undergraduate teaching award for which he was eligible.
Michael's goal is to help other people achieve their dreams by making it easier for them to learn accounting and finance. He does this by creating video tutorials for Edspira, PDF guides for his email newsletter, and case studies in fraud for his podcast.
In his free time, Michael enjoys spending time outdoors with his wonderful wife. In 2012, Michael completed a 2,500-mile “Hike4Kids” to raise $15,000 for neglected and abused children.