This is my 60 second explanation of comparative advantage and identifying who should specialize. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better...

In this video I explain the difference between the money market and the loanable funds market and explain why one of them is labeled nominal interest rate and the other is labeled REAL interest rate.



I also show how both...

In this video I explain the three shifters of the money supply. Pay attention, you'll need this to learn monetary policy. Thanks for watching.

In this video I explain how to show the effects tariffs and quotas on a supply and demand graph. The days I filmed this video were in "spirit week". One day was sports day (that's why I'm dressed like a coach) and the other day was...

Here is Einstein's article in the Monthly review magazine.



Why Socialism? by Alber

t Einstein

This article was originally published in the first issue of Monthly Review (May 1949). It was subsequently published in...

After the Great War of 1914-18, European powers were desperate to avoid another conflict of that scale. But just 20 years later, they found themselves plunged into catastrophe on an even greater scale. The outbreak of World War Two has...

The video is a lecture on how demand curves shift in economics. The video discusses the two types of shifts - outward shifts and inward shifts - and their implications for the quantity demanded of a good at different prices. The video...

Assets included in Bankruptcy Estate

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This video explores the consequences of the traditional patriarchal system in India, where men vastly outnumber women in certain areas. Through interviews with single men in a town with a skewed sex ratio, the video highlights the...

The war on drugs was declared in 1971 by president Richard Nixon in a press conference that went on to outline a plan to fight the trade of controlled substances across the world. Drugs were declared national enemy number 1. Since...

Hey econ students. This video covers Micro Topic 2.9 and shows trade, tariffs, and quotas using supply and demand. Be sure to be able to draw and calculate consumer surplus, producer surplus, and deadweight loss. Remember that the...

What are some examples of alternative fuel? What is peak oil? Creating Greener Cars, Part 1

I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.

Container chaos is one of the causes of the global supply chain crisis that’s causing price increases and product shortages.

Sherpa Communities part 1/3: This video explores the life of the Sherpas, an ethnic group living in the Himalayas, and their struggles to survive in a harsh environment where farming is the backbone of their community. Despite the...

The war on drugs was declared in 1971 by president Richard Nixon in a press conference that went on to outline a plan to fight the trade of controlled substances across the world. Drugs were declared national enemy number 1. Since...

In this video I explain the difference between nominal and real interest rates. Be sure to be able to calculate them. Thanks for watching.

In this video I explain how to connect the supply and demand for money to aggregate demand and supply.

Rubber is an extremely important part of modern living, from tires to clothes to building materials to adhesives. And though we don't often think of it in the same league as oil or cotton, industrialization drove the demand for rubber...

What's considered the worst video game of all time? In this video I explain how that game helped crash a multibillion dollar industry and changed video games forever. It all comes down to supply and demand. What's you favorite old school...

A change in demand is when the whole curve shifts and a change in quantity demanded is movement along the demand curve due to a change in price. Price Doesn't shift the curve.

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Types of Pricing and how this affects marketing. This is part 3 in the series: 'Marketing: Target Consumers'.