Скачать или смотреть Introduction to the cobweb model in economics- part 2 - the equations

Pictures used to introduce the cobweb model. Don't worry - I don't do any algebra (although that doesnt mean I don't write down any equations!). Supplement to stuff we did in class. If it's going to convince you to watch this video, let's say I cover more here than I did in class on this topic.

What is the cobweb model?
How does the cobweb model work?
Can you show me a graph of how prices and quantity reach equilibrium over time in a cobweb model?
Does the cobweb model always get me to the market equilibrium price and quantity?
What are the equations for a cobweb model?
What conditions ensure the market equilibrium is stable for the cobweb model with linear supply and demand sets?
What happens when the conditions for market to be stable doesn't hold for the cobweb model?