Microeconomics Theory and Applications with Calculus Chapter 2 Supply and Demand part 1

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00:00 Chapter 2: Supply and Demand part 1
00:14 Demand
00:46 Law of Demand
01:18 Demand curve
02:16 Supply
03:00 Market equilibrium
04:30 Comparative statics
05:10 Elasticities (there is an error in the video, it should be epsilon=dlnq/dlnp)
05:47 Two types of sales taxes
06:01 The effects of a unit tax on equilibrium price, quantity, and the incidence of tax
07:18 Price ceiling
07:50 Price floor
08:17 Perfectly competitive market

#demand #supply #elasticity #comparativestatics #marketequilibrium #incidenceoftax #priceceiling #pricefloor
  1. Dr. Bob Wen (Stata, Economics, Econometrics)
  2. supply
  3. demand
  4. market equilibrium
  5. elasticity
  6. comparative statics
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Sir you have skipped the calculus in comparative statics. Please add that as well( The part in which we are suppose to differentate this eq with respect to a D(p(a)) = S(p(a), a))

asimhussain