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Inferior goods clarification
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CC BY-NC-SA
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The concepts of normal goods and inferior goods can be tricky, and the definitions can be somewhat subjective as well. In this video, we take a deeper look at these kinds of goods. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
Labor Economics II
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CC BY-NC-SA
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This is a graduate course in labor economics. The course will focus on covering theory and evidence on inequality, wage structure, skill demands, employment, job loss, and early-life determinants of long-run outcomes. Particular areas of focus are: (1) wage determination, including the Roy model, equalizing wage differentials, and models of discrimination; (2) the roles played by supply, demand, institutions, technology and trade in the evolving distribution of income.

Subject:
Economics
Social Science
Material Type:
Full Course
Provider:
MIT
Provider Set:
MIT OpenCourseWare
Author:
Autor, David
Williams, Heidi
Date Added:
02/01/2015
The Labor Market
Read the Fine Print
Educational Use
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In Episode 10, young people who are looking for that first job can learn about the basics of the labor market in this country. A brief explanation is given of the roles played by education, supply, demand, productivity and government regulation.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Podcasts
Date Added:
10/08/2014
Law of demand
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The law of demand states that as the price of a good decreases, the quantity demanded of that good increases. In other words, the law of demand states that the demand curve, as a function of price and quantity, is always downward sloping. In this video, we explore the law of demand and its implications for graphing demand curves. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
Market Equilibrium
Read the Fine Print
Educational Use
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The eighth episode of our podcast series answers a crucial economic question: Where do prices come from? Listeners discover that supply and demand work together like the two blades of a scissors to determine the market equilibrium – and the prices of the things you buy.

Subject:
Economics
Social Science
Material Type:
Lecture
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Podcasts
Date Added:
10/08/2014
Market demand as the sum of individual demand
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The market demand for a good describes the quantity demanded at every given price for the entire market. Remember that the entire market is made up of individual buyers with their own demand curves. This means that the market demand is the sum of all of the individual buyer's demand curve. In this video, you can visualize why this is true.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
Normal and inferior goods
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Demand for normal goods increases when income increases, but demand for inferior goods decreases when income increases. In this video, we use the example of a computer and a car to describe the concepts of normal goods and inferior goods and show how a change in income affects the demand for each using a graph of the demand curve. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
Past and future trends of water consumption in Egypt
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CC BY
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This resource is a video abstract of a research paper created by Research Square on behalf of its authors. It provides a synopsis that's easy to understand, and can be used to introduce the topics it covers to students, researchers, and the general public. The video's transcript is also provided in full, with a portion provided below for preview:

"For thousands of years, the Nile has provided bountiful gifts to the people who make their home around its banks, offering food, a means of transport, irrigation, and fertile soil. But there is a limit to how much the Nile can give. Already in the 1970s, Egypt began fully utilizing the available resources of the Nile. Any additional demand has been met virtually, through imports of food. Now, research suggests that within the next decade, Egypt is poised to import as much “virtual water” as it receives from the Nile. In a new study from MIT, researchers compiled water and crop data for Egypt spanning the past 60 years. That gave them one of the most detailed looks at modern water use ever produced for the country, and helped them understand Egypt’s trade in “virtual water”. Virtual water refers to the hidden flow of water in food and commodities. For example, it takes about 1100 tons of water to produce one ton of maize in Egypt..."

The rest of the transcript, along with a link to the research itself, is available on the resource itself.

Subject:
Atmospheric Science
Physical Science
Material Type:
Diagram/Illustration
Reading
Provider:
Research Square
Provider Set:
Video Bytes
Date Added:
10/12/2021
Price of related products and demand
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CC BY-NC-SA
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Complements are goods that are consumed together. Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases. Take a deeper dive into how changes in the prices of complements and substitutes affect the demand curve in this video. Created by Sal Khan.

Subject:
Economics
Social Science
Material Type:
Lesson
Provider:
Khan Academy
Provider Set:
Khan Academy
Author:
Sal Khan
Date Added:
07/27/2021
Principles of Macroeconomics
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CC BY-NC-SA
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Recognizing that a course in economics may seem daunting to some students, we have tried to make the writing clear and engaging. Clarity comes in part from the intuitive presentation style, but we have also integrated a number of pedagogical features that we believe make learning economic concepts and principles easier and more fun. These features are very student-focused. The chapters themselves are written using a “modular” format. In particular, chapters generally consist of three main content sections that break down a particular topic into manageable parts. Each content section contains not only an exposition of the material at hand but also learning objectives, summaries, examples, and problems. Each chapter is introduced with a story to motivate the material and each chapter ends with a wrap-up and additional problems. Our goal is to encourage active learning by including many examples and many problems of different types.

Subject:
Economics
Social Science
Material Type:
Textbook
Provider:
University of Minnesota
Provider Set:
University of Minnesota Libraries Publishing
Author:
Libby Rittenberg
TimothyTregarthen
Date Added:
01/01/2011
Principles of Macroeconomics 2e
Unrestricted Use
CC BY
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Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

Subject:
Economics
Social Science
Material Type:
Full Course
Provider:
Rice University
Provider Set:
OpenStax College
Date Added:
06/29/2017
Principles of Macroeconomics 2e, Demand and Supply, Demand, Supply, and Equilibrium in Markets for Goods and Services
Unrestricted Use
CC BY
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By the end of this section, you will be able to:

Explain demand, quantity demanded, and the law of demand
Identify a demand curve and a supply curve
Explain supply, quantity supplied, and the law of supply
Explain equilibrium, equilibrium price, and equilibrium quantity

Subject:
Applied Science
Material Type:
Module
Date Added:
09/20/2018
Principles of Macroeconomics 2e, The Aggregate Demand/Aggregate Supply Model, Introduction to the Aggregate Supply–Aggregate Demand Model
Unrestricted Use
CC BY
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In this chapter, you will learn about:
Macroeconomic Perspectives on Demand and Supply
Building a Model of Aggregate Demand and Aggregate Supply
Shifts in Aggregate Supply
Shifts in Aggregate Demand
How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
Keynes’ Law and Say’s Law in the AD/AS Model

Subject:
Mathematics
Material Type:
Module
Date Added:
09/20/2018
Principles of Macroeconomics 2e, The Aggregate Demand/Aggregate Supply Model, Macroeconomic Perspectives on Demand and Supply
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CC BY
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By the end of this section, you will be able to:

Explain Say’s Law and understand why it primarily applies in the long run
Explain Keynes’ Law and understand why it primarily applies in the short run

Subject:
Mathematics
Material Type:
Module
Date Added:
09/20/2018
Principles of Macroeconomics 2e, The Macroeconomic Perspective, Introduction to the Macroeconomic Perspective
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CC BY
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This module covers:Measuring the Size of the Economy: Gross Domestic ProductAdjusting Nominal Values to Real ValuesTracking Real GDP over TimeComparing GDP among CountriesHow Well GDP Measures the Well-Being of Society

Subject:
Economics
Material Type:
Module
Date Added:
09/20/2018