Some questions to consider as you watch this video, and to discuss in the comment thread if you would like:
1) Do you agree with the joint statement (0:39 in the video)? How would you modify it if you don't?
2) Related to the argument at 2:15 in the video: If there is a large influx of unskilled workers, can we expect the wages of any group of workers to be helped out?
This week's (2.18-2.22) video lecture is on the price-elasticity of demand. This video is best watched in chunks, though. If you are watching and we haven't had Wednesday's lecture it may be best to stop at the 4 minute mark, and then watch the rest after Wednesday.
Monkeys are superior to men in this: when a monkey looks into a mirror, he sees a monkey.
Here is the video lesson for the week of (2.4-2.8) - Instead of it being new notes like the last few, it is instead a chance to get some more practice with comparative statics and the law of demand.
About the Blog
This is the blog containing resources for all courses and presentations. For updates on required current events readings, podcasts, and videos subscribe to the RSS Feed