Скачать или смотреть Supply, Demand & Equilibrium (The Invisible Hand of Economics)

Unlock the fundamental concepts of economics! This video clearly explains the Laws of Demand and Supply and how they interact to create market equilibrium.

We'll break down the inverse relationship between price and quantity demanded (the Law of Demand) using a simple banana example, illustrating the income effect and substitution effect.

Then, discover the direct relationship between price and quantity supplied (the Law of Supply), showing how producer profitability drives their decisions.

Finally, learn about the "invisible hand" of the market: Equilibrium Price and Quantity. See how the forces of demand and supply naturally balance to clear the market, preventing surpluses and shortages.

Understand how markets self-correct when prices are too high or too low, always moving towards that perfect balance where buyers and sellers meet.

#DemandAndSupply #EconomicsExplained #MarketEquilibrium #LawOfDemand #LawOfSupply #EquilibriumPrice #InvisibleHand #EconomicsForBeginners #MarketDynamics #PriceMechanism #QuantityDemanded #QuantitySupplied #Microeconomics #BusinessEconomics #HowMarketsWork

I hope the video takes you beyond the definition & helps to make the learning process a little more tangible. Please subscribe & feel free to share.

––––––––––––––––––––––––––––––––––––––––––––––––––
Video Content

0:00 Introduction to the Law of Demand
0:28 Example of Demand: Bananas
0:53 Demand Curve: Contraction & Expansion
1:14 Reasons for the Law of Demand: Income & Substitution Effects
1:38 Introduction to the Law of Supply
2:17 Example of Supply: Bananas
2:46 Supply Curve: Expansion & Contraction
2:59 Reason for the Law of Supply: Profit Motive
3:10 Bringing It Together: Market Equilibrium
3:44 The Equilibrium Point Explained
4:38 What Happens with a Surplus (Price Above Equilibrium)
5:09 What Happens with a Shortage (Price Below Equilibrium)
5:48 The Invisible Hand & Market Self-Correction

––––––––––––––––––––––––––––––––––––––––––––––––––
School of Learning
Arnav Dutta
  / arnav-dutta-a2020a44  
   / @schooloflearning