Micro 2.1/Macro 1.4 Demand

Описание: This video covers topic 2.1 of the AP Microeconomics and 1.4 of the Macroeconmics Course Exam Descriptions (CED). It includes the income effect, substitution effect, diminishing marginal utility, the difference between demand and quantity demanded, and non-price determinants of demand.

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I would like to acknowlege the work of Dick Brunelle and Steven Reff from Reffonomics.com who’s work inspired many of the review games on ReviewEcon.com. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics facebook groups, and #econtwitter.