Student videos | Reference library | tutor2u Economics

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This short revision video looks at the main causes of shifts in short run aggregate supply and the effect on national output and the price level.

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Shifts in Aggregate Supply

This revision video looks at some of the main causes of shifts in aggregate demand and the effect of this on equilibrium real GDP using AD-AS diagrams. 

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Shifts in Aggregate Demand

When the coefficient of price elasticity of demand is greater than one, then demand is said to be price elastic. One of the implications of this is that cutting prices...

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Elastic Demand - Prices and Producer Revenue

This short revision clip cements student understanding of the importance of price elasticity of demand for the total revenue of a supplier when the market price changes. When the coefficient...

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Inelastic Demand - Prices and Producer Revenue

This short revision video takes students through the basics of producer surplus and looks at how producer surplus is affected by a fall in supply costs and also an outward...

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Understanding Producer Surplus

A short revision video for students wanting to cement their understanding of consumer surplus. Consumer surplus is a measure of the economic welfare that people gain from consuming goods and...

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Understanding Consumer Surplus
Student videos

What is Systemic Risk?

Systemic risk became a key concept during the Global Financial Crisis (GFC). Systemic risk is the possibility that an event at the micro level of an individual bank / insurance company...

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What is Systemic Risk?

This revision video takes students through a worked example of comparative advantage and the potential gains from specialisation and trade at a mutually beneficial terms of trade between two countries.

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Comparative Advantage and Gains from Trade

Here is a short video covering two short questions. What is collusion? Using game theory, explain the potential benefits from collusion between firms.

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Collusion and Game Theory (Short Answers)

A short revision video on the importance of infrastructure spending for both aggregate demand and long run aggregate supply. Economic growth places rising demand on a country's infrastructure assets and...

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Economic Importance of Infrastructure

Here is the video from a revision webinar on the possible effects of Brexit on the UK economy. There are a range of possible outcomes for, and paths to, the...

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Brexit and the UK Economy (Revision Webinar Video)

Geoff Riley presents the latest keynote presentation on the current state of the UK economy. 

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State of the UK Economy May 2017 (Revision Webinar Video)

Here is a recording on key aspects of Keynesian economics applied to current policy issues for the UK and other countries. 

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Keynesian Economics (Revision Webinar Video)

In this revision special, you can try your hand at five questions covering monetary policy and inflation. We take you through each answer and the correct reasoning. 

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Monetary Policy and Inflation (MCQ Revision Questions)

A quick primer on inferior goods where the income elasticity of demand following a change in real income will be negative.

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Inferior Goods (Student Video)

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