Problem Solving Session of Chapter 4: Market Forces Supply and Demand, Principles of Microeconomics, N. Gregory Mankiw. The online course covers practical application of the concepts of demand, demand curves, shifts of the demand curve, supply, supply curve, shifts in the supply curve, as well as equilibrium price and quantity. Additionally, the concepts of shortage and surplus are reviewed.
This course is part of ECON 121 Principles of Microeconomics free online course. This course examines basic principles of microeconomics including core elements of supply and demand, opportunity cost, market equilibrium, elasticity, and income distribution.
Course Materials:
Principles of Microeconomics (6th or newer edition, South-Western Cengage Learning) by N. Gregory Mankiw (Previous or subsequent editions can be consulted too, though cases and examples considered will be from 6th edition.)
Materials Used:
Video by cottonbro from Pexels
Video by George Morina from Pexels
Video by Kelly Lacy from Pexels
Music: www.bensound.com