- I want to create an online course for basic understanding of microeconomics and its applications.
- I want to make basic economic knowledge available at low opportunity cost.
The project is still a work in progress, but I have finished the first unit. I will post the embedded videos for each unit as I finish producing them. The posts will be right here on the blog. Speaking of a completed unit, here's my first unit on Supply and Demand.
Unit I: Supply and Demand
This first video describes the difference between moving along a demand curve and shifting a demand curve.
The logic is similar for supply curves.
In the second video, I work an example of solving and graphing a linear system of supply and demand equations.
In the third video, I extend the example of the second video to implementing a per-unit tax.
And, in the last video of the unit, I extend the applicability of supply and demand analysis to a wider scope (and I introduce the normative-positive distinction).
For a complete understanding of supply and demand, there is certainly more to these topics. I just hope the lectures clarify some of the more difficult issues. The rest can be learned by studying the right reference.