The Ethical Economics
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MICROECONOMICS PRINCIPLES WITH ETHICS

MODULE 14: Theory of Market Supply

Textbook Reading:

Presentation Slides:

 

Additional Useful Information:

Factors Affecting Supply
This Khan Academy video provides an alternative discussion of the key determinants of market supply.

Supply Theory
This Economics Online text provides a good explanation for why the supply curve is positively-sloped.

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OVERVIEW

In this module we discuss the general determinants of market supply, distinguishing between movements along the supply curve and shifts in the curve. Producer and consumer sides of a market are then integrated with a supply and demand curve diagram. Reasons are given for why the intersection of supply and demand represents a market equilbrium and how to solve for the equlibrium market price and the quantity supplied and demanded.

VIDEO LECTURE

Market Supply Determinants - 21 minutes

A Linear Supply Function - 7 minutes

Supply and Demand Shift Summary - 5 minutes

Market Equilibrium Stories - 12 minutes

 

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