{"id":816,"date":"2011-10-25T09:15:25","date_gmt":"2011-10-25T15:15:25","guid":{"rendered":"http:\/\/opengecko.com\/economics\/demand-revisited\/"},"modified":"2011-10-25T10:09:37","modified_gmt":"2011-10-25T16:09:37","slug":"demand-revisited","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/demand-revisited\/","title":{"rendered":"Demand Revisited"},"content":{"rendered":"<p><font size=\"3\">This post is to add further resources on the concept of <strong>demand<\/strong>, for those who wish to follow up on this absolutely essential concept in Economics. First, however, I recommend you use the resources on this post to learn about demand: <\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><strong><font size=\"3\">1) Videos<\/font><\/strong><\/p>\n<h3><font size=\"3\"><font style=\"font-weight: bold\">What is a demand curve? <\/font>by <\/font><a href=\"http:\/\/www.youtube.com\/user\/etrimnell\"><strong><font size=\"3\"><img decoding=\"async\" alt=\"etrimnell\" src=\"http:\/\/i4.ytimg.com\/u\/wdlPSLqUNQlLRaGGlmPZLA\/watch_icon.jpg?v=4e6b42a2\" height=\"25\" \/><\/font><\/strong><\/a><\/h3>\n<p><em><font size=\"3\">Note &#8211; I think part of his second to last sentence should state \u201c\u2026 the basic relationship between <u>quantity demanded <\/u>and changes in price \u2026\u201d<\/font><\/em><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/ZaCbtFnmQsQ?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\"><font style=\"font-weight: bold\">Deriving a demand curve, given a demand schedule <\/font>by <\/font><a href=\"http:\/\/www.youtube.com\/user\/FreeEconHelp\"><strong><font size=\"3\">FreeEconHelp<\/font><\/strong><\/a><\/h3>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/mJs2PM5a6Bw?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\"><font style=\"font-weight: bold\">Demand curve video <\/font>by <\/font><a href=\"http:\/\/www.youtube.com\/user\/jessicaweldon22\"><strong><font size=\"3\">jessicaweldon22<\/font><\/strong><\/a><\/p>\n<p><em><font size=\"3\">Note \u2013 at one point she claims the market is the whole planet\u2019s population, but we can talk about more specific, smaller markets than that. E.g. the market for cars in Thailand.<\/font><\/em><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/mdZNJKyAM1Q?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\"><font style=\"font-weight: bold\">The Demand Curve Part 1<\/font> by <\/font><a href=\"http:\/\/www.youtube.com\/user\/milespritchardecon1\"><strong><font size=\"3\">milespritchardecon1<\/font><\/strong><\/a><\/h3>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/d1awMopSNsc?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\"><font style=\"font-weight: bold\">The Demand Curve Part 2: Shifts In Demand <\/font>by <\/font><a href=\"http:\/\/www.youtube.com\/user\/milespritchardecon1\"><strong><font size=\"3\">milespritchardecon1<\/font><\/strong><\/a><\/h3>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/ubGBeDHqOQQ?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<h3>Change in demand \/ change in quantity demand by <a href=\"http:\/\/www.youtube.com\/user\/vaacon1\"><strong>vaacon1<\/strong><\/a><\/h3>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/iFGL9NPKSeA?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\">Various factors (short clips) affecting demand by <\/font><a href=\"http:\/\/www.youtube.com\/user\/vaacon1\"><strong><font size=\"3\">vaacon1<\/font><\/strong><\/a><font size=\"3\">:<\/font><\/p>\n<p><em><font size=\"3\">The diagrams are quite hard to see on the whiteboard, but the explanations and examples are clear.<\/font><\/em><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<h3><font size=\"3\">Demand shifts &#8211; prices of related goods<\/font><\/h3>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/gi1-nKDIUcY?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\">Demand shifts &#8211; expectations of future prices<\/font><\/h3>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/e5iKuU7AUfE?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\">Demand shifts \u2013 Income<\/font><\/h3>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/RlFozgzVZro?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\">Demand shifts &#8211; Number of buyers<\/font><\/h3>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/ZEPSBoaZTpE?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\">Demand shifts \u2013 Preferences<\/font><\/h3>\n<p><em><font size=\"3\">As he adds, in text, part way in, he makes a mistake early on and mentions shifts in supply, when he is actually discussing shifts in demand.<\/font><\/em><\/p>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/vgclDNzYXwI?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><strong><font size=\"3\">2) Interactive Activities<\/font><\/strong><\/p>\n<p><strong><font size=\"3\"><\/font><\/strong><\/p>\n<p><a href=\"http:\/\/www2.imperial.ac.uk\/business-school\/etu\/courses\/finance_group\/actuarial_finance\/business_econ\/demand_curve.swf\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-bottom: 0px; border-left: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top: 0px; border-right: 0px; padding-top: 0px\" title=\"image\" border=\"0\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image.png\" width=\"550\" height=\"367\" \/><\/font><\/a><\/p>\n<p><a href=\"http:\/\/www2.imperial.ac.uk\/business-school\/etu\/courses\/finance_group\/actuarial_finance\/business_econ\/demand_curve.swf\" target=\"_blank\"><font size=\"3\">A Demand Curve (imperial.ac.uk)<\/font><\/a><\/p>\n<p><strong><font size=\"3\"><\/font><\/strong><\/p>\n<p><a href=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image1.png\"><a href=\"http:\/\/www.mbs.edu\/home\/jgans\/mecon\/value\/media%20%20files\/IOs\/Segment%203\/3_2_IO_changes_demand_curve.swf\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-bottom: 0px; border-left: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top: 0px; border-right: 0px; padding-top: 0px\" title=\"image\" border=\"0\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image2.png\" width=\"532\" height=\"550\" \/><\/font><\/a><\/a><\/p>\n<p><a href=\"http:\/\/www.mbs.edu\/home\/jgans\/mecon\/value\/media%20%20files\/IOs\/Segment%203\/3_2_IO_changes_demand_curve.swf\" target=\"_blank\"><font size=\"3\">Factors affecting demand<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/www.richelliottproductions.com\/_mgxroot\/ec04_anim_demandcurve.swf\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-bottom: 0px; border-left: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top: 0px; border-right: 0px; padding-top: 0px\" title=\"image\" border=\"0\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image3.png\" width=\"550\" height=\"409\" \/><\/font><\/a><\/p>\n<p><a href=\"http:\/\/www.richelliottproductions.com\/_mgxroot\/ec04_anim_demandcurve.swf\" target=\"_blank\"><font size=\"3\">Animated Economics \u2013 Demand Curves<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/barbararyanmedia.com\/flash\/shifts_versus_movements\/demand_curve.swf\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; border-bottom: 0px; border-left: 0px; padding-left: 0px; padding-right: 0px; display: inline; border-top: 0px; border-right: 0px; padding-top: 0px\" title=\"image\" border=\"0\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image4.png\" width=\"550\" height=\"368\" \/><\/font><\/a><\/p>\n<p><a href=\"http:\/\/barbararyanmedia.com\/flash\/shifts_versus_movements\/demand_curve.swf\" target=\"_blank\"><font size=\"3\">John Wiley Economics \u2013 Shift Versus Movement Along The Demand Curve<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image5.png\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"display: inline\" title=\"image\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image_thumb.png\" width=\"550\" height=\"390\" \/><\/font><\/a><\/p>\n<p><font size=\"3\">Demand by yknot.terapad.com<\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/glencoe.com\/sites\/common_assets\/socialstudies\/in_motion_08\/ett\/Figure7-3.swf\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"display: inline\" title=\"image\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image6.png\" width=\"550\" height=\"413\" \/><\/font><\/a><\/p>\n<p><a href=\"http:\/\/glencoe.com\/sites\/common_assets\/socialstudies\/in_motion_08\/ett\/Figure7-3.swf\" target=\"_blank\"><font size=\"3\">Graphing The Demand Curve (glecnoe.com)<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/www.eblackboards.com\/change_demand.swf\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"display: inline\" title=\"image\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image7.png\" width=\"550\" height=\"390\" \/><\/font><\/a><\/p>\n<p><a href=\"http:\/\/www.eblackboards.com\/change_demand.swf\" target=\"_blank\"><font size=\"3\">Increase \/ Decrease in Demand by BlackBoards.com<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/dhrnewmedia.com\/Portfolio_6_11\/SampleSitesLinks\/e_learning\/DHR_Honors\/sess_3\/New_3\/3i_Demd.swf\" target=\"_blank\"><font size=\"3\"><img loading=\"lazy\" decoding=\"async\" style=\"display: inline\" title=\"image\" alt=\"image\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2011\/10\/image8.png\" width=\"550\" height=\"415\" \/><\/font><\/a><\/p>\n<p><a href=\"http:\/\/dhrnewmedia.com\/Portfolio_6_11\/SampleSitesLinks\/e_learning\/DHR_Honors\/sess_3\/New_3\/3i_Demd.swf\" target=\"_blank\"><font size=\"3\">Shift in Demand<\/font><\/a><font size=\"3\"> (via <\/font><a href=\"http:\/\/dhrnewmedia.com\"><font size=\"3\">http:\/\/dhrnewmedia.com<\/font><\/a><font size=\"3\">)<\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post is to add further resources on the concept of demand, for those who wish to follow up on this absolutely essential concept in Economics. First, however, I recommend you use the resources on this post to learn about demand: 1) Videos What is a demand curve? by Note &#8211; I think part of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,10,13],"tags":[201,40,197],"class_list":["post-816","post","type-post","status-publish","format-standard","hentry","category-economics","category-ib-economics","category-igcse-economics","tag-allocation-of-resources-2","tag-demand","tag-microeconomics-2"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=816"}],"version-history":[{"count":2,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/816\/revisions"}],"predecessor-version":[{"id":825,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/816\/revisions\/825"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}