Learning Economics From Diagrams: Lesson 3 – The Demand Curve1 min read

This week we starting looking at consumer theory. The A-level syllabus condenses this part of the course and jumps straight into the demand function without looking at how it is being derived. I might do a bonus video in the future to explain the derivation of the demand curve but for now this should suffice.

This video illustrates key concepts such as the Demand function, Substitution and Income effects and shifts in the Demand curve.

I hope you all will find this video helpful and till next time, dream economics.

http://www.youtube.com/watch?v=ZbM6pi-aMLg&edit=vd

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *