Episode 12: The Price System
01/06/11 • 42 min
An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. We also look at how the price system promotes efficiency helps to regulate economic activity. Also includes a discussion of how prices store and communicate economic information.
An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. We also look at how the price system promotes efficiency helps to regulate economic activity. Also includes a discussion of how prices store and communicate economic information.
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Episode 11: The Origin of the Universe
An overview of the chaotic inflationary theory for the origin of the universe, including a discussion of the inflaton field, quantum fluctuations, spontaneous symmetry breaking, and the zero net energy of the universe. Also includes a discussion of multiverse theory and the fine-tuning paradox.
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Episode 13: Newtonian Mechanics
An introduction to basic Newtonian Physics, including a discussion of forces, velocity, acceleration, Newton’s three laws of motion, and some common misconceptions about forces. We also discuss circular motion and conclude with a brief look at the physics of walking and driving a car.
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