Demand

Micro – Supply and Demand

In this course, Dr Patrick Gaule (University of Bristol) discusses the forces of supply and demand. In the first module, we look at demand in detail. After this, we discuss the determinants of demand. Then, we look at supply and its determinants. In the fourth module, we put demand and supply together. In the penultimate module, we look at the market equilibrium and how this links with the idea of welfare. Finally, we apply what we have learnt in the previous modules to a real world example.

Demand

In this module, we look at demand in detail. In particular, we focus on: (i) defining demand; (ii) how we can think about individual demand through an example, including how we graphically represent this; and (iii) how total demand works, including how we graphically represent this.