This episode provides a detailed explanation of the two main theories which explain demand: the law of diminishing marginal utility as well as the Indifference Curve Analysis.
This episode provides a detailed explanation to the theory of Demand. It also provides a detailed analysis of the concepts and measures of elasticity of demand.
This episode provides a brief but detailed description of the types of economic Systems found around the globe.
A detailed discussion of the central economic problem of scarcity, choice and opportunity cost.