Econs for the Ipod
Podcasts for my Year 12 IB Economics class.
- Update frequency
- every day
- Average duration
- 4 minutes
- Episodes
- 53
- Years Active
- 2009 - 2010
Price Elasticity of Demand
In this podcast, we define price elasticity of demand and explain how to calculate and interpret price elasticity of demand values. We also examine the main determinants of price elasticity of demand…
00:05:31 |
Mon 20 Apr 2009
Buffer Stock Schemes and International Commodity Agreements
In this podcast, we examine an example of price support common in local and international markets, the buffer stock scheme. We examine how they work and their advantages and disadvantages.
00:04:24 |
Mon 20 Apr 2009
Price floors and ceilings
In this podcast we examine when price floors and ceilings will be effective and some of the economic costs attached to their imposition.
00:04:48 |
Thu 16 Apr 2009
Conducting Demand and Supply Analysis
In this podcast, we examine what happens to market price and output when there is a change in either demand or supply. There are also some hints on how to incorporate the demand and supply model into…
00:04:38 |
Wed 15 Apr 2009
Market Equilibrium
In this podcast, we put demand and supply together to describe the equilibrium. We also describe the price mechanism to describe why the equilibrium point is stable.
00:03:49 |
Tue 14 Apr 2009
Exceptions to the Law of Demand
In this podcast, we briefly examine three possible exceptions to the Law of Demand...the Giffen Good, the Veblen Good and the role of expectations in creating upward sloping demand curves.
00:03:44 |
Mon 13 Apr 2009
Supply
In this podcast we examine the differences between supply and quantity supplied and discuss some of the factors that influence the level of supply of a good or service.
00:05:02 |
Wed 08 Apr 2009
Demand
In this episode, we differentiate between demand and quantity demanded and explain the reasons behind the law of demand
00:07:08 |
Sat 04 Apr 2009
Introduction to markets
In this podcast, we define the term market and give local, national and international examples. We also give a brief introduction to different market structures and explain the primary importance of …
00:04:31 |
Tue 31 Mar 2009
Rationing Systems
This podcast outlines the basic economic questions that have to be answered by any economic system. It also outlines the different types of economic systems present in the world and the relative meri…
00:04:30 |
Thu 26 Mar 2009
Opportunity Cost
This podcast aims to explain why "there is no such thing as a free lunch" through the concept of opportunity cost.
00:01:50 |
Wed 25 Mar 2009
Utility
In this podcast we will define utility and explain some key ideas of utility, mainly total utility, marginal utility and the Law of Diminishing Marginal Utility.
00:02:07 |
Tue 24 Mar 2009
What is Economics?
This is the first podcast covering the IB Economics syllabus. In this episode, I will cover the following topics:
1) What is economics?
2) The difference between micro and macroeconomics
3) Positive…
00:04:28 |
Tue 24 Mar 2009
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