Supply and Demand (and Equilibrium Price & Quanitity)

Supply and Demand (and Equilibrium Price & Quanitity) - Intro to Microeconomics

Рет қаралды 770,708

12 жыл бұрын

A quick and comprehensive intro to Supply and Demand. We define the demand curve, supply curve and equilibrium price & quantity. We draw a demand and supply curve graph - and figure out why they look like they do. We find equilibrium quantity and equilibrium price. This video targets a student in an introduction to microeconomics class.
•Video 1: Intro to Supply & Demand: • Supply and Demand (and...
•Video 2: Shifts to Supply or Demand Cruves: • Shifts to Demand or Su...
•Video 3: Shifts in BOTH Supply and Demand: • Shifts in both Supply ...
More Intro to Microeconomics Videos: sites.google.com/site/curtisk...
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Video Outline:
A "market" with price and quantity.
Demand Curve 2:00
• The law of demand.
• Increases and Decreases in Demand. 5:30
• Another Video on the topic:
Supply curve.
• The law of supply 9:30
• Increases and decreases in Supply. 11:44
• Another video on this topic
Demand and Supply together. 15:50
• Equilibrium price and quantity supplied and demanded. 16:20
• Forces that tend toward equilibrium. Shortage, 18:15. Surplus 21:20

Пікірлер: 379

@Gangsterlife333 7 жыл бұрын

Is anyone else here because they got a Microeconomics exam tomorrow?

@economicurtis 7 жыл бұрын

Hope it went well!

@immah_m7895 7 жыл бұрын

Gangsterlife333 yeah..😣😣

@johannanekaro6690 7 жыл бұрын

yes yah

@entemone2633 7 жыл бұрын

Yep dude....

@user-mc8ij4qu2y 6 жыл бұрын

i got macroeconomics but let's say yes TT

@catherinew04 3 жыл бұрын

Thank you!! 8 years later this video is still really appreciated

@dfunny1888c 11 жыл бұрын

I sat through an entire 3 hour lecture to try to learn what you so simply and clearly explained in 24 minutes! Thank you!!!

@Ms.HotSauce 10 жыл бұрын

Perfect!!!!!!! Why can't my professor explain this as simply ?!? It's not a difficult concept .... Haha ... THANK YOUUUUU!

@sabirullah7264 6 жыл бұрын

is very difficult

@lil.clementine2682 3 жыл бұрын

Sana all na gets

@putoy4702 3 жыл бұрын

Naol

@evadiva721 9 жыл бұрын

I gained such a better understanding on this subject. Your explanation was amazing!! Even with all of the reading and lectures of my professor, I am clearly more comfortable now! THANK YOU!

@merardo2956 2 жыл бұрын

Hey, I went through most of Macro Econ not knowing much and just memorizing patterns, this video really helped me understand economics and improved my knowledge vastly.

@kgadiraphunga6054 4 жыл бұрын

This is definitely by far the best explanation, easy to understand whilst at the same same time very detailed.

@JuliunKinsey 10 жыл бұрын

I'm currently taking Principles of Microeconomics. I just watched this video to help prepare me for my first exam. This was extremely useful. I was able to take great notes and finally understand what an equilibrium price actually is. Thanks.

@Mrwizfoz 8 жыл бұрын

Thanks dude! This helped me enormously! You turned half a term of confusing explanation into an easy 25 min vid.

@nateneufy Жыл бұрын

This video helped me undersatnd the differences between the two so much better. I was so confused as to how each curve shifts in certain situations, but now I understand.

@MrWayneNoah 2 жыл бұрын

I really enjoyed this. This 24 minute presentation was more useful than the 3 lectures that it took my economics professor to explain the same thing.

@MouseAndShiraz 8 жыл бұрын

Thanks for doing this. My econ prof is a brilliant guy with a not-so-brilliant grasp on the english language, and I kept finding myself getting lost in his lectures. This helped a lot.

@tyyo1891 10 жыл бұрын

Thanks for your help! I passed my midterm because of this video. THANKSS!!

@economicurtis 10 жыл бұрын

WoooWhoo!

@SavageCamacho 10 жыл бұрын

I returned to collage in pursuit of my masters, & ironically I needed to brush up on this class. You have a good effective way of teaching. I hope there are more tips & tutorials I can use. Thanks again.

@economicurtis 11 жыл бұрын

You're welcome. I'm happy you found it helpful!

@cmanpatrick 4 жыл бұрын

i watched like 5 videos. Now i can finally move on with my life. You are a healer my friend. Thankyou

@refilwemofoka3195 9 жыл бұрын

This was amazing!!! My textbook and lecturer make this so complicated but this, this made it so simple. Thank you!

@FaraAli1998 9 жыл бұрын

Refilwe Mofoka ikr same here...I can finally graduate lol

@saltlifo5598 4 жыл бұрын

Exactly i don think these troll understand what they saying

@michaelnolan6796 3 жыл бұрын

Thank you, this is by far the best video for people who study online because it's simple fast and to the point. A++++++

@JessicaSmith-pc2um 9 жыл бұрын

I really appreciate your videos! I am beginning to grasp microeconomics and gaining confidence in my college course. So thanks!

@126sean 10 жыл бұрын

U basically summed up 2 months of Econ for me , that's awesome. Great video

@oliviahall4227 7 жыл бұрын

Your video has helped me big time, thank you for being so clear and going through the problem step-by-step

@HeadMaster3K 9 жыл бұрын

Extremely good video! Doing a great favor to several thousands of people across the world :)

@129Geraldin 7 жыл бұрын

Great video thanks so much. You summed up a months worth of classes

@jacobchristianglover3655 10 жыл бұрын

Thank you Curtis. I hope this message finds you well. I'm going to subscribe and view this video a few more times. It was very easy to follow, you have an excellent teaching style. Keep up the great work, be well.

@zahid1972 10 жыл бұрын

Thanks for the step by step lesson in supply and demand, a lot better than the books I have and the scribbles I did during lectures.

@aowens9192 10 жыл бұрын

You are a genius! You cleared this graph up for me in 24 minutes when I could not make sense of it over about 6 classes and a few years! Thank you. So gonna hit the like button :)

@economicurtis 10 жыл бұрын

that's very nice of you to say!

@emwookiee 10 жыл бұрын

This was very helpful! Much more helpful than my professor, thank you!

@274Lustral 11 жыл бұрын

Very very helpful to me, who could not understand squat from my text books, and the teacher purposely left out information, in hopes that we would read. I am an Audio Visual learner, and you just helped me more than anybody else, tutor and teacher combined. Thank you!

@harperlynn510 10 жыл бұрын

Wow, definitely a subscriber now. I take the BEC portion of the CPA exam in two days and I have really been struggling on this section. You just explained this section much better than the pricey review course!

@alanbta1 9 жыл бұрын

Wow, this tutorial made it so much easier for me to comprehend this, thanks!!

@fourthblock 9 жыл бұрын

brilliantly explained. thank you sir. youve done a great service to me. :)

@shannonjoy4178 11 жыл бұрын

I found this helpful as I am taking online courses and my school lacks lectures. Since watching your video I am getting the idea and understanding I need. I will be using your videos for the rest of my class. Thank you sooo much!!

@sarahgoodwin3451 11 жыл бұрын

I am currently taking micro Econ and of all my 3 years of college courses, this has proved the most challenging (and likely not helpful I took online vs in-seat version). This was very helpful and thank you!! :)

@schlirf 11 жыл бұрын

Clear, clean, and concise! Thanks dude, your video helped understand my current learning Mod. in Micro-Economics class just that much more.

@168grhp 11 жыл бұрын

Straight to the point and easy to understand. Awesome video!

@kcaroled 10 жыл бұрын

Decided to take Micro as an online summer class, and was getting very close to dropping it. BUT then I found this video!! There is hope after all.

@alialjanabi6885 9 жыл бұрын

You are amazing!! your explanation of the topic is very clear. THANK YOU SO MUCH :))

@HasanKhan-gd8vg 8 жыл бұрын

thank you for making this video. i am studying microeconomics for the first time and your tutorial helped alot . regards from Pakistan!

@nazatulaida9698 8 жыл бұрын

it was very helpful to me..now the concept of demand and supply is much clear.

@jacentathompson1556 10 жыл бұрын

That video was very informative. Now I understand my textbook. Thank you. I look forward to other (macro)economics videos.

@MrStupidbimbo 8 жыл бұрын

Great explanation for supply and demand curves. Well done! Any dummy, like me, could easily understand the lecturer's explanations.

@Xianne1 4 жыл бұрын

Thank you! This was extremely helpful for me. in understanding how the graphs work.

@enaniux90 12 жыл бұрын

Awesome video understood better in 25 minutes than 6 weeks into the class

@WRITEfluidity1 11 жыл бұрын

This was very helpful! I'm in a Macroeconomics class this semester (Freshmen in college). My professor doesn't show up to class, and I have an exam tomorrow. You've explained this great-I've been going about it wrong the whole time. Thank you!

@arpitkumar3696 8 жыл бұрын

finest video on supply demand man ,thank you.

@katielouise8447 9 жыл бұрын

Thank you so much, I was struggling to understand this but this has made it clear. Thanks

@dihelp2learn 11 жыл бұрын

Wow, finally someone took time and explained this so well. thank you so very much. I wish you lectured my entire micro-eco course. My professor is absolutely horrible (unfortunately). Thank you again. You've been so helpful. Finally this sunk in after two months of classwork, and look.... you did it in less than 25 min. You are great! Thank you, thank you thank you!

@kwshado8409 3 жыл бұрын

hows life?

@TaraUnalLipstickjunkie 9 жыл бұрын

Definitely a wonderful breakdown. I was so confused when I was reading the chapter. Also being an online student and taking this class is not so easy, but glad your here to help! Do you have any Production Possibilities Frontier videos that analyze opportunity costs and trade-offs?

@shafabieber 8 жыл бұрын

Thank you so much!!! it helped me better to understand this topic as my intro to econ mid term is tomorrow :( :))))))))))

@pitfall0121 Жыл бұрын

This is the best supply and demand curve video i’ve ever seen

@economicurtis Жыл бұрын

Thanks very nice of you to say, thank you.

@vickysteel7477 10 жыл бұрын

Great explanation. Bets my text book hands down! Thanks. :)

@Lexandra23 7 жыл бұрын

great, finally understand it because of you. wish you were my teacher. thank you!

@imsogorgeous71 10 жыл бұрын

WOW you just saved me. Thank you so much for the clear explanation!

@SaniyahRaks 9 ай бұрын

Thank you--this was very helpful and one of the best explanations I could find. 😀

@IzaakNyss 9 жыл бұрын

You sir, are a life saver

@sarahschwochow2376 10 жыл бұрын

great video! especially when you explained the difference in change in... and movement alonga curve! very helpful!!!

@elvismbewe9608 Жыл бұрын

Found this extremely helpful, I'm an econ student, good job🎯🙏🏾

@Vendiprima 8 жыл бұрын

well done bro, you explain much more effective and efficient than my lecture , thank you :)

@njeriwajudy 2 жыл бұрын

Wowww this is simply explained and it is so clear...I thoroughly enjoyed and understood everything

@matthkang 10 жыл бұрын

Better than my textbook! Thank you so much! :)

@RTD553 Жыл бұрын

Brilliant, and absolutely useful - I will show to my class. BUT, a compliment is like me telling you your hair looks nice, a complement is an item associated with another item.

@kimochhi476 8 жыл бұрын

omg you saved me ;-; I didn't understand it at all and you made it so much more easier, thanks!!!!! :D

@tekale3862 11 жыл бұрын

Thank you thank you thank you! You are so awesome! It finally makes sense to me know the way you summarizes it!

@NaomiPalmer09 9 жыл бұрын

Thank you,, this just simplified the process in a few minutes .. This is a big help :)

@kddmvzla 11 жыл бұрын

Im ready for an A on my test tomorrow! Thank you so much it was so helpful you did in 24 min what my prof couldn't in 4 days :O

@user-gi6zf8uc8p 8 жыл бұрын

Thank you for uploading such a clear and informative video. God bless you sir : )

@lindalewis1982 9 жыл бұрын

thanks you so much!!!!!! This was a great help!!! bless you!

@coco76593 10 жыл бұрын

Thanks for clearing my doubts! Very informative and useful! Appreciate ur uplaoad:)

@mercytumeo533 Жыл бұрын

This was very helpful I understood more than what I did in my two hour lecture

@chrismendoza5413 11 жыл бұрын

This video was extremely helpful! Thank you so much for making it.

@economicurtis 11 жыл бұрын

Yeah, sorry, I'm new here. Thanks for the feedback and hope you find resources more up your alley!

@isabellawilliams52 Жыл бұрын

Thank you! I have such a better understanding of this topic!

@ELMKTF 10 жыл бұрын

Fantastic video!

@danielcecchin 10 жыл бұрын

You wizard! Why can't everyone learn to explain this like you have done now?! Thank you very much. :)

@sweety5438 3 жыл бұрын

This explanation helped me so so much!!!

@lisbethespinoza4998 11 жыл бұрын

This was reeeally helpful to me!! Thank you so so so so much!!! :D

@sabauddin2273 9 жыл бұрын

Awesome, great teaching skill. I am impressed because got it clearly

@debbtennis94 10 жыл бұрын

Thanks so much for the Vid, really appreciate it.

@didiisbored 10 жыл бұрын

THANK YOU SO MUCH!!!!!!!!!! everything was explained so well

@funnyboy9642 2 жыл бұрын

its 2021 and this is still the best video

@pedukasi 11 жыл бұрын

I like this lesson bit easy to follow and really helpfull. The language is doesn't too hard to understand. Thank you sir, I am from Jakarta, Indonesia.

@jcg702 7 жыл бұрын

Explained it very well, thank you.

@SuperGirl451 10 жыл бұрын

Life saver. Simple and effective.

@raisamushrafi274 9 жыл бұрын

so easy to understand! Thank you!!

@mart20224 8 жыл бұрын

Thank you,you helped me understand this graph .

@shimmamasoomzadeh-fard7383 4 жыл бұрын

This was really helpful. Thank you!

@octaviusevans7865 2 жыл бұрын

This was very helpful, thanks!

@afmsaqlain8236 5 жыл бұрын

Thank you for this great video! 😍

@vidhusheemuneeram2811 9 жыл бұрын

wowww it was very helpful to me....now the concept of demand and supply is much clear..........

@iamargenn 10 жыл бұрын

this helped me a lot. thank you! :)

@TB-df6hf 9 жыл бұрын

Excellent video! Thanks so much!!!

@economicurtis 11 жыл бұрын

You're welcome. Happy to help!!!

@nisheshshresths4741 8 жыл бұрын

HELPED ME WITH MY EXAMS THANK GOD

@hotmamasuzie9434 4 жыл бұрын

Absolutely helpful. Hope i pass my tests.

@pinkshotcameo5464 9 жыл бұрын

You're Awesome!!! :) Thank you for sharing your knowledge about this and helping people like me. Godbless. :)

@j1udu522 4 жыл бұрын

Bloody marvellous video

@rhoduskal-cious3243 4 жыл бұрын

Awesome!! Thank you!

@aswanichittilla8745 5 жыл бұрын

Awesome explanation !

@earthlow 11 жыл бұрын

NIce way to explain, clear and very effective. Just that mention of "Market Clear Price" would have been a nice add on. Thanks!

@mattyk3722 4 жыл бұрын

thank you very much, very informing got all the info for my exam tommorow :)