Title
(4) Practice with the Market Model
Topic Category
Market Operations
Publication Date
2011
Keywords
Equilibrium, Market Adjustment, Market Operations
Abstract
This offers the opportunity to practice using the market model. The viewer chooses a demand/supply factor to change, and the the adjustment process is illustrated and explained in full detail.
Recommended Citation
Crane, Steven E., "(4) Practice with the Market Model" (2011). Principles of Microeconomics. Paper 18.
http://epublications.marquette.edu/microecon_learning/18
Run Time
Varies, based on viewer selection
Primary Discipline
Microeconomics
Skills Delivered
Ability to use market model to show the effects of a change in some driver of demand or supply. Ability to explain in detail the steps in the market adjustment process.
Rigor Level
2000
Prerequisites
Previous Demand, Supply, & Market Videos
COinS