Lecture 3: Chapter 3

0:00 Chapter 2: Deriving a Firm’s Supply Curve
12:18 Shifts of and Movements Along the Supply Curve
17:49 Price Elasticity of Supply
32:51 Chapter 2 Review
42:15 Chapter 3: Demand in a Perfectly Competitive Market
48:32 Determining Optimal Consumption
1:00:26 Calculating Reservation Price
1:15:18 Relationships between Goods
1:24:26 Income and Substitution Effect Example
1:29:36 Shifts vs. Movements along the Demand Curve
1:33:27 Price Elasticity of Demand