Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh

Season 1Episode 1810 minDec 12, 2015
Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh
This week Jacob and Adriene teach you about marginal analysis, which you're using RIGHT NOW! The video is coming from inside the house! Or something. You'll learn how marginal analysis guides the decision making if cities, nations, companies, and amusement park enthusiasts. We'll also look at the idea of elasticity, and what people are willing to pay for certain stuff based on the supply. Why is a Van Gogh worth more than an OBEY poster? (hint: it's because they're still cranking out the OBEY posters, and Vincent is dead) All this and more on Crash Course Economics!
Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh has aired on Dec 12, 2015
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