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This video is an educational video for IB Level Economics.
In this video, we will be looking at:
1.2 How markets work
Rational decision-making.
Demand.
Price, income, and cross elasticities of demand.
Supply.
The elasticity of supply.
Price determination.
Price mechanism.
Consumer and producer surplus.
Indirect taxes and subsidies.
Alternative views of consumer behaviour.
Come join us at www.itinerantgroup.com
The Google classroom code is ssxtj6b
Photo provided by: www.pikrepo.com/
Some of the equipment I use:
Amazon affiliate link for a Xiaomi 70mai pro amzn.to/32zppIO
Tamron SP 24-70mm F/2.8 Di VC USD G2 for Canon DSLR Cameras amzn.to/3jlE4gu
Sigma 70-200mm F2.8 Sports DG OS HSM for Canon Mount amzn.to/30nfAuV
Manfrotto 323 RC2 Rapid Connect Adapter with 200PL-14 Quick Release Plate - Replaces 3299-Black amzn.to/2OFuw1P
Olympus E-PL5 Mirrorless Digital Camera with 14-42mm Lens (Black) amzn.to/3hhMqUW
(Renewed) Canon EOS Rebel T6 Digital SLR Camera Kit with EF-S 18-55mm f/3.5-5.6 is II Lens, Built-in WiFi and NFC - Black amzn.to/2WB6ycx
Comgrow Creality Ender 3 3D Printer Fully Open Source with Resume Print Function 220x220x250mm amzn.to/2DRdc7W
Music provided by:
www.avnishparker.com/ - Water logo reveal
www.looperman.com/tracks/deta...
Diagrams by AlexMaser - Own work, CC BY-SA 4.0, commons.wikimedia.org/w/index.