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Category Videos
Not Right For WatchKnowLearn
Ages: 14 - 18
259 Views:
Price Ceilings: The US Economy Flounders in the 1970s
From YouTube, produced by Marginal Revolution University
In 1971, President Nixon, in an effort to control inflation, declared price increases illegal. Because prices couldn’t increase, they began hitting a ceiling. (03:50)
Found by MRUniversity in Pricing
December 7, 2017 at 12:56 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
233 Views:
Asymmetric Information and Used Cars
From YouTube, produced by Marginal Revolution University
George Akerlof, a Nobel Prize-winning economist, analyzed the theory of adverse selection. (02:39)
Found by MRUniversity in Pricing
December 7, 2017 at 02:53 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
231 Views:
Tying
From YouTube, produced by Marginal Revolution University
What is tying and how is this a form of price discrimination? An example of a tied good is an HP printer and the HP ink you need for that printer. (06:48)
Found by MRUniversity in Pricing
December 7, 2017 at 02:31 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
224 Views:
Entry, Exit, and Supply Curves: Decreasing Costs
From YouTube, produced by Marginal Revolution University
In this video, we talk about the special case of the decreasing cost industry. (06:02)
Found by MRUniversity in Pricing
December 7, 2017 at 01:57 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
160 Views:
Signaling
From YouTube, produced by Marginal Revolution University
A signal is an action that reveals information. Let’s look at higher education, for example. (06:45)
Found by MRUniversity in Pricing
December 7, 2017 at 03:02 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
151 Views:
The Balance of Industries and Creative Destruction
From YouTube, produced by Marginal Revolution University
Why are price signals and market competition so important to a market economy? (07:38)
Found by MRUniversity in Pricing
December 7, 2017 at 02:11 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
150 Views:
Price Ceilings: Misallocation of Resources
From YouTube, produced by Marginal Revolution University
Suppose there is a mild winter on the West Coast and a harsh winter on the East Coast. As a result of the weather, people on East Coast will demand more heating oil, bidding up the price. Under the price system, entrepreneurs will be incentivized to ... [more]
Found by MRUniversity in Pricing
December 7, 2017 at 01:04 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
139 Views:
Price Ceilings: Deadweight Loss
From YouTube, produced by Marginal Revolution University
In this video, we explore the fourth unintended consequence of price ceilings: deadweight loss. (03:32)
Found by MRUniversity in Pricing
December 7, 2017 at 01:02 PM
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The following are unrated. Please help by rating them!
Not Right For WatchKnowLearn
Ages: 14 - 18
228 Views:
The Monopoly Markup
From YouTube, produced by Marginal Revolution University
Ever wonder why pharmaceuticals are so expensive? In this video, we show how low elasticity of demand results in monopoly markups. (08:55)
Found by MRUniversity in Pricing
December 7, 2017 at 02:18 PM
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Not Right For WatchKnowLearn
Ages: 14 - 18
209 Views:
Maximizing Profit and the Average Cost Curve
From YouTube, produced by Marginal Revolution University
Being able to predict your company’s profit is a very useful tool. (12:18)
Found by MRUniversity in Pricing
December 7, 2017 at 01:50 PM
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