MICROECONOMICS VIDEOS
The Microeconomics block of the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) offers a series of short videos that explain how markets, businesses, and consumers work in everyday life. Key concepts such as supply and demand, consumer theory, producer theory, and different market structures (monopoly and oligopoly) are presented in a simple way, showing their impact on prices, decision-making, and opportunities. It also includes tools like game theory, which helps us understand how individuals and firms interact in situations of cooperation and competition.
This block also covers essential topics such as production costs, profit maximisation, economies of scale, elasticity of demand, income distribution, and the functioning of labour markets. These videos help viewers understand how economic decisions are made at both individual and business levels, and how these decisions affect society as a whole. They are a practical tool for young people to develop a critical and applied vision of economics.
Supply and Demand
Did you know that supply and demand set the price of almost everything you buy every day? 🛒📈📉
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn how this basic market rule works and why it affects products as different as sneakers, concert tickets, food, fuel, or clothing.
Consumer Theory
Why do we choose one product over another when money is limited? 🤔💶
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn what consumer theory is and how it explains the purchasing decisions we make every day.
Producer Theory
Did you know that businesses follow an economic logic when deciding what to make, how much to produce, or what price to charge? 🏭📈
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn what producer theory is and how it explains the decisions companies make to cut costs and maximize profits.
Monopoly
Did you know that a monopoly happens when just one company controls an entire market? 🏢💰
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn what monopolies are, how they impact prices and consumer choices, and why governments often regulate or prevent them.
Oligopoly
Did you know that in an oligopoly, just a few companies control most of a market? 🏭💶
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn what an oligopoly is, which industries it’s most common in, and how it affects both prices and consumer choices.
Game Theory
Did you know you already use game theory in your daily life without realizing it? 🎲🤝
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll see how game theory explains the choices we make when our decisions depend on what others decide.
Production Costs
Did you know that even influencers have to manage production costs just like any other business? 🎥💡💻
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn what production costs are, the main types, and how they affect profitability.
Profit Maximisation
Did you know that one of the main goals of any business is profit maximisation? 💰📈
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn what profit maximisation means and how companies work to increase the gap between revenue and costs.
Economies of scale
Did you know that producing more can actually make each unit cheaper? 🏭📉
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) we explain what economies of scale are, how they help companies reduce costs, and why they matter for staying competitive.
Elasticity on demand
Why do we stop buying some things when prices rise, but keep buying others even if they get more expensive? 🤔💶
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn what elasticity of demand is and how it explains changes in consumer behavior when prices go up or down.
Income distribution
Did you know that income distribution explains how money is shared in an economy and how fair a society really is? ⚖️💶
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn why income distribution is key to understanding inequality and social welfare.
Labor markets
Did you know that the labour market is where job seekers and employers meet? 👷♀️💼
In this video from the Economy for Life project (2023-1-ES02-KA210-YOU-000114522) you’ll learn how the labour market works, what factors influence it, and why it’s essential for understanding wages, working conditions, and job opportunities.