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Chapter 4: Supply and Demand - Part 1

What is a market? 3:20 Characteristics of perfectly competitive markets 4:24 Demand 13:39 The law of demand 14:30 The income and substitution effects 16:42 A demand schedule 19:48 The demand curve 21:50 The market demand curve 24:31 The determinants of demand - what causes a demand curve to shift? 34:42 Income 35:17 Prices of related goods 42:27

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Chapter 4: Supply and Demand - Part 2
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Chapter 4: Supply and Demand - Part 2

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