This program explains how economists use elasticity to measure how demand responds to price. The program also discusses factors that cause shifts in supply and demand and how "the invisible hand" works in free markets and what happens when price controls are imposed. (28 minutes)

Tell a Friend! Your Name: Your Email: Your Friend's Email: Your Message: We respect your privacy and will not use your friend's address without permission. Item#: BVL6504 Copyright date: ©1993 VHS ISBN 978-0-7365-4513-6 DVD ISBN 978-1-4213-6926-6

Part of the Series : Introductory Economics

VHS	$99.95
DVD	$99.95
DVD + 3-Year Streaming	$149.93
3-Year Streaming	$99.95

Prices include public performance rights.
Not available to Home Video, Dealer and Fulfillment Dealer customers. Only available in the US.

		Unemployment, Inflation, and National Output This program begins to look at how cycles in an economy develop by explaining how unemployment, inflation, and gross domestic product are measured. The program also introduces aggregate supply and demand, and uses these concepts to spell out why busi...(more details)		VHS $99.95 DVD $99.95 DVD + 3-Year Streaming $149.93 3-Year Streaming $99.95
		Money and Banking This program examines government attempts to stabilize the economy, focusing on monetary policy. Concepts explored include fractional reserve banking, the deposits in chartered banks as a major component of the country's money supply, and how charter...(more details)		VHS $99.95 DVD $99.95 DVD + 3-Year Streaming $149.93 3-Year Streaming $99.95
		The Issues and Methods of Economics This program describes economics as the study of choices: the concept of opportunity cost illustrates how society makes choices. Other key topics are the trade-off between efficiency and equity objectives; positive and normative statements; and suppl...(more details)		VHS $99.95 DVD $99.95 DVD + 3-Year Streaming $149.93 3-Year Streaming $99.95
		Supply Theory: The Behavior of Profit-Maximizing Firms This program examines the theory of the firm, which is based on the assumption of profit maximization. The program explains the optimal hiring rule and the optimal output decision, and explores several methods of illustrating a firm's revenue and cos...(more details)		VHS $99.95 DVD $99.95 DVD + 3-Year Streaming $149.93 3-Year Streaming $99.95
		Demand Theory: Household Behavior This program explains the theory of household behavior, outlines the law of diminishing marginal utility, and introduces the household's optimal purchase rule. The program also shows how diminishing marginal utility contributes to consumer surplus, a...(more details)		VHS $99.95 DVD $99.95 DVD + 3-Year Streaming $149.93 3-Year Streaming $99.95

See additional titles in Life Skills | Economics