Course curriculum
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What Is a Market?
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Equilibrium: The “Market-Clearing” Point
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Equilibrium in Economics: How a Supply and Demand Graph Dot Explains Producer and Consumer Surplus
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Surplus (Excess Supply)
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Shortage (Excess Demand)
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Surplus and Shortage Summary
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How Do Prices Allocate Resources?
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Produce Where MC=MB
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Changes in Supply or Demand
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Remember the Supply Shifters
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Shifts in Supply and Demand
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Process for Analyzing Market Changes
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Shifts in Supply or Demand MRU Interactive Set 1
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Shifts in Supply or Demand MRU Interactive Set 2
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Shifts in Supply or Demand MRU Interactive Set 3
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Change in Consumer and Producer Surplus
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Elasticity Matters to Consumer and Producer Surplus
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Can Both Supply and Demand Shift?
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Double Shift Special Case: Magnitude of Shifts is Provided
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Shifts in Both Supply & Demand Curves MRU Interactive
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Markets Quiz
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Socialism Is Doomed to Fail, Because It Lacks Market Prices
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