Test+1+Review

=DEMAND= =**SUPPLY**=
 * **The Law of Demand (Part 1)**
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 * **The Law of Demand (Part 2)**
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 * **The Determinants of Demand**
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 * __Khan Academy__
 * [|The law of demand]
 * [|Demand the the price of related goods (substitutes and complements)]
 * [|Determinants of demand (income, number of buyers, and preferences)]
 * [|Normal and inferior goods]
 * [|More on inferior goods (clarifying some misconceptions from first one)]
 * [|Marginal utility]
 * __Khan Academy__
 * [|The law of supply]
 * [|Determinants of supply]

=**EQUILIBRIUM**= = = media type="youtube" key="Rx5cdU_u6kQ" height="315" width="560" __Khan Academy__
 * The Efficiency of Markets**
 * [|Market equilibrium]
 * [|Changes in market equilibrium]
 * [|The demand curve as a marginal benefit curve]
 * [|Consumer surplus]
 * [|Producer surplus]
 * [|Total surplus]

__Khan Academy__
 * Determining the Effects of Price Ceilings and Price Floors**
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 * **The Effects of an Excise Tax (Part 1)**
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 * **The Effects of an Excise Tax (Part 2)**
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 * **The Effects of a Per Unit Subsidy**
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 * [|Rent control and dead weight loss]
 * [|Minimum wage and price floors]
 * [|Taxation and dead weight loss]
 * [|Percentage tax on hamburgers]
 * [|Taxes and perfectly inelastic goods]
 * [|Taxes and perfectly elastic goods]

=**ELASTICITY**= media type="youtube" key="GEAO095gP6M" height="315" width="560"
 * __Khan Academy__
 * [|Price elasticity of demand]
 * [|More on elasticity of demand]
 * [|Perfectly elastic and perfectly inelastic goods]
 * [|Constant unit elasticity]
 * [|Perfectly elastic and perfectly inelastic goods]
 * [|Constant unit elasticity]

=**MARKET FAILURE**= __Khan Academy__
 * [|Introduction to 6 types of market failure]
 * [|Negative externalities of production]
 * [|Negative externalities of consumption]
 * [|Negative externalities video #2]
 * [|Positive externalities video]
 * [|Positive externalities of consumption video]
 * [|Positive externalities of consumption video #2]
 * [|The problems posed by externalities for society are illustrated in this clip from Dr. Seuss' The Lorax]
 * [|Negative Externalities]
 * [|Corrective taxes to remedy negative externalities]
 * [|Positive Externalities]
 * [|Tragedy of the Commons]