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An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. I also look at how the price system promotes efficiency helps to regulate economic activity. I conclude with a discussion of how prices store and communicate economic information.
If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
https://www.patreon.com/jamesfodor
https://www.paypal.me/ScienceofEverything
4.8
634634 ratings
An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. I also look at how the price system promotes efficiency helps to regulate economic activity. I conclude with a discussion of how prices store and communicate economic information.
If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
https://www.patreon.com/jamesfodor
https://www.paypal.me/ScienceofEverything
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