Demand, Supply and Market Equilibrium

This series covers the basics of demand, supply and market equilibrium. Look below    for list of contents and more information. 
  • Over 125 Practice 
    Questions and Answers

    (including 90 MCQ and 35 Short Answer Questions.) 

  • Over 6 hours of video 

    Including Explanatory Videos (Lecture Format) + videos solving practice problems. 
  • Over 125

    Pages of PDF Notes
  • Downloadable  Summary Sheets and Flash Cards

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Course Information

TOPICS

DESCRIPTION

LEVEL OF
DIFFICULTY

IMPORTANT NOTES

The material in this course covers the basics of demand, supply, and market equilibrium.  The content includes:

  • Video discussions and PDF Notes on over 35 topics.
  • Over 90 multiple choice practice questions (fully answered, with feedback).
  • Over 35 short answer questions with video and written answers.

The course has been designed with three sorts of students in mind:

1) This is a great introductory course for anyone struggling with this sort of material. The material is presented in a gradual manner,  easing the student from easier, to more difficult topics. The student has access to video and PDF explanation, and there is ample opportunity for practice, with an abundance of both MCQ and short answer practice problems.

2) It is also a great resource for students looking for more practice. The course includes over 125 practice problems, including over 90 MCQ and 35 short answer. The multiple choice questions include feedback, with hints if you answer incorrectly. All short answer questions include a written answer as well as a video going through and discussing the solutions. 

3) Lastly, of course, this is a great way to support the Econhelp channel (if that's what you're after too). Your purchase helps support my work making more freely available Youtube videos. 

In terms of level of difficulty, this material follows what is often (though not always) presented in the first few weeks of many first year microeconomic courses. See detailed course contents above for more information on the specific topics covered, also please e-mail me if you need any clarification (econmathhelp@gmail.com).



The level of analysis is aimed at an (accessible) 1st year university (tertiary) course in microeconomics (the content covers the same sort of content many first year micro text books go through in their introductory chapters: demand, then supply, then equilibrium...). 

The course includes working with mathematical expressions that describe demand, supply, and the market as well as the conceptual, more intuitive descriptions of the theory. However, no calculus is needed and all of the maths involves working with linear (straight line) demand and supply equations. 

This course does not cover:
  • The model of perfect competition (in any detail): 
  • The derivation of demand from indifference curves


The content is developed from my years of experience teaching economics, it is my own take on demand, supply and equilibrium. However, I don't know what exact content your course goes through! If you would like me to check your syllabus against this material (to see if it aligns), please feel free to e-mail me on econmathhelp@gmail.com. 
  • Demand Schedules, Curves and Equations
  • Finding Market Demand
  • Shifts versus Movements Along the Demand Curve
  • The Slope of the Demand Curve
  • Demand as Willingness to Pay
  • Consumer Surplus
  • When the Law of Demand is Violated
  • Supply Schedules, Curves and Equations
  • Finding Market Supply
  • Shifts versus Movements Along the Demand Curve
  • The Slope of the Demand Curve
  • Supply as Willingness to Sell/Marginal Cost
  • Producer Surplus
  • Putting Supply and Demand Together
  • Market Equilibrium
  • Comparative Statics
  • When Supply and Demand Shift at the Same Time
  • Total Surplus in the Market
  • Price Floors and Price Ceilings

Detailed Course Contents

Meet the instructor

Mon

I have a BA (Honours I (Philosophy)) and MEc (specialisation in econometrics). I have been teaching economics for over 8 years and I love it! 

I've had my Youtube Channel 'Econhelp' for almost 6 years.


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