Supply & Demand

Textbook Readings

  1. OpenStax, Principles of Microeconomics 2e
    1. Chapter 3: Demand and Supply
      1. 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services
      2. 3.2 Shifts in Demand and Supply for Goods and Services
      3. 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process
      4. 3.4 Price Ceilings and Price Floors
      5. 3.5 Demand, Supply, and Efficiency

Videos

  1. Marginal Revolution University, Principles of Economics: Microeconomics
    1. Supply, Demand, Equilibrium
      1. The Demand Curve
      2. The Supply Curve
      3. The Equilibrium Price and Quantity
      4. A Deeper Look at the Demand Curve
      5. The Demand Curve Shifts
      6. A Deeper Look at the Supply Curve
      7. The Supply Curve Shifts
      8. Exploring Equilibrium
      9. Does the Equilibrium Model Work?
      10. Supply and Demand Terminology
    2. Price Ceilings and Price Floors
      1. Price Ceilings
      2. Price Ceilings: Shortages and Quality Reduction
      3. Price Ceilings: Lines and Search Costs
      4. Price Ceilings: Deadweight Loss
      5. Price Ceilings: Misallocation of Resources
      6. Price Ceilings: Rent Controls
      7. Rent Control in Mumbai
      8. Price Floors: Airline Fares
      9. Why Do Governments Enact Price Controls?
      10. Price Controls and Communism
    3. Price System/Efficiency of Markets
      1. I, Rose
      2. Markets Link the World
      3. The Great Economic Problem
      4. Speculation
      5. Prediction Markets
  2. Khan Academy, Microeconomics
    1. Supply, Demand, and Market Equilibrium
      1. Demand
      2. Supply
      3. Market equilibrium and changes in equilibrium
  3. YouTube, mjmfoodie
    1. Supply, Demand, Equilibrium
      1. #11: Demand
      2. #12: Change in Demand vs Change in Quantity Demanded
      3. #13: Supply
      4. #14: Market Equilibrium
    2. Price Ceilings/Floors
      1. #15: Price Floors and Price Ceilings

Podcasts

  1. Supply, Demand, Equilibrium
    1. Freakonomics Radio, Why Uber Is an Economist’s Dream (Ep. 258)
    2. Freakonomics Radio, Why Is the Live-Event Ticket Market So Screwed Up? (Ep. 311)
  2. Price Ceilings/Floors
    1. Freakonomics Radio, Fitness Apartheid (Ep. 180)
  3. Price System/Efficiency of Markets
    1. Freakonomics Radio, Make Me a Match (Ep. 209)
    2. Freakonomics Radio, Chuck E. Cheese’s: Where a Kid Can Learn Price Theory (Ep. 279)

Articles

  1. Supply, Demand, Equilibrium
    1. Fortune, "Americans' Coffee Guzzling Is Pushing Bean Prices Higher", by Lorenzetti, 1 July 2016
    2. The Economist, "Drug Policy: Supply and Demand",  2 June 2011
    3. Slate, "It’s OK To Eat Quinoa", by LeVaux, 25 January 2013
      1. The New York Times, "Quinoa's Global Success Creates Quandary at Home", by Romero and Shahriari, 19 March 2011
    4. The New York Times, "Supply, Demand and Marriage", by Frank, 6 August 2011
    5. The New York Times, "The Risks of Cheap Water", by Porter, 14 October 2014
    6. Business Insider, "Someone Just Paid Over $600,000 for a Parking Spot in Hong Kong", by Cole, 15 June 2017
    7. The Economist, "How Chicken Became the Rich World's Most Popular Meat", by Colchester and Greenwood, 19 January 2019
    8. Los Angeles Times, "This Typewriter Repairman Was Told Computers Were King. Twenty Years Later, He's Still in Business", by Ormseth, 6 February 2019
    9. The Guardian, "'Drinkable' Potato Chips: the Products Keeping Your Phone Grease-Free", by Cantor, 6 February 2019
    10. CBS, "This Zoo Will Name a Cockroach after Your Ex, then Feed it to a Meerkat on Valentine's Day", by Lewis, 7 February 2019
    11. Overture, "The Slippery Slopes of the World Sand Shortage", by Albarazi
    12. CNBC, "Low gas prices dent demand for fuel-efficient cars", by Eisenstein, 14 November 2014
  2. Price Ceilings/Floors
    1. Yahoo! Finance, "Most Netflix users would pay a lot more for their subscription, survey shows", by Wolff-Mann, 15 May 2018
  3. Price System/Efficiency of Markets
    1. The Washington Post, "Kidnapping for Ransom Works Like a Market. How It Is Organized Is Surprising.", by Shortland, 13 Dec. 2016
    2. The Guardian, "The Business of Kidnapping: Inside the Secret World of Hostage Negotiation ", by Simon, 25 January 2019
    3. Daily Beast, "$2.95 Million Baby T. Rex Goes on Sale on eBay, Sparking Paleontologist Rage", 15 April 2019
    4. The Guardian, "From pecan pralines to 'dots' as currency: how the prison economy works", by Davies, 30 August 2019
    5. iHeartRadio, "The 1975 And Billie Eilish Help Cassette Sales See A 15-Year High", by Nattress, 31 July 2019
    6. "Sell Your Soul! Economics for Children" (t-shirt) by Steven Rhodes
    7. The Outline, "The dangerously cheesy collectible Cheetos market", by Danovich, 9 October 2019
    8. CNN Business, "Nestlé launches luxury KitKat bars — but they're not cheap", by Picheta, 24 September 2019
    9. CNBC, "Twinkies cereal is now in the works", by Raimonde, 13 November 2019
    10. UPI, "Hotel room costs $1, but it's livestreamed at all times", by Hooper, 20 November 2019
    11. The Washington Post, "New Zealand orders more than 1,290 square feet of human skin for badly burned volcano victims", by O'Grady, 11 December 2019
    12. Battlefield Vegas, "Crush A Car With a Tank!"
    13. The Wall Street Journal, "Co-Parenting Sites Skip Love and Marriage, Go Right to the Baby Carriage", by Jargon, 7 January 2020
    14. CBC, "Vancouver's drug-dispensing machine: Why it exists and how it works", by Watson, 17 January 2020
    15. Reuters, "Iranian factory makes U.S. and Israeli flags to burn", 29 January 2020
    16. The Asahi Shimbun, "Need a loo fast? Book a ‘mobile toilet’ trailer on your smartphone", by Yoshikatsu Nakaiima, 26 January 2020
    17. San Antonio Zoo, "Name a Cockroach or a Rodent after Your Ex for Valentine's Day!"