ARE 445: Energy Economics

Microeconomic Review Videos

You may find the videos below helpful to review some basic economic concepts in a more detailed way that in the book.

Intro/Review: Graphing Supply and Demand
Supply/Demand Intro 1 What is demand? Demand Schedule?
Supply Demand Intro 2  A Focus on Supply and factors that can shift Demand and Supply
Equilibrium and ShiftsA graphical look at equilibrium, shortages, surpluses, and shifts in equilibrium
Supply/Demand Graphing ASupply and demand using equations, algebra, and graphing. Equilibrium AND out of equilibrium situations like price floors/ceilings.
Supply/Demand Graphing BContinuation of above.

Intro/Review: Elasticities
Elasticity AAn introduction to the concept of elasticity, price elasticity of demand.
Elasticity B1Simple examples calculating and discussing elasticities.
Elasticity B2More simple examples calculating and discussing elasticities.
Elasticity B3Another lecture on interpreting price elasticity of demand, income elasticity of demand, and cross-price elasticity of demand. Examples using alcoholic beverages.
Elasticity C 
How to calculate percent changes using the midpoint method for elasticities.
Elasticity DElasticities and Total Revenue along a Linear demand function.
Elasticity ECalculating Point Elasticity of Demand


Energy Economics Videos



Chapter One: Intro/Review: Graphing Supply and Demand
Supply/Demand Intro 1 What is demand? Demand Schedule?
Supply Demand Intro 2  A Focus on Supply and factors that can shift Demand and Supply
Equilibrium and ShiftsA graphical look at equilibrium, shortages, surpluses, and shifts in equilibrium
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