Model: Supply and demand

This post is part of a series where I quote and link to short descriptions of different social-science models and perspectives. The idea is to collect important models in easily accessible formats to help people aspiring to take a “many-model” approach to reasoning.

Supply and demand

(Economics)

This video on the equilibrium price and quantity is from Marginal Revolution University, the online economics education site run by economists Tyler Cowen and Alex Tabarrok:

For more, there are several videos in the series that come before and after this one that are helpful. And here’s the section on supply and demand from the free economics textbook The Economy.

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