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.

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

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