Curated Video
Three Types of Economic Resources
Three Types of Economic Resources explores the three types of economic or productive resources: natural, human, and capital.
Professor Dave Explains
Why Do Countries Turn to Command Economies?
We are going through the four main economic systems, and we just learned about free markets, so now let's discuss command economies. What are they? What are the advantages and disadvantages? Command economies are not favored by...
Professor Dave Explains
The Four Factors of Production
By now we know about scarcity, resources, goods, and services. So how are scarce resources turned into goods and services? Via the four factors of production! These are land, labor, capital, and entrepreneurship. You may have an idea...
Jacob Clifford
The BIG Picture - AP Economics Overview
Review the circular flow model and connections between the resource and product market with help from a well-versed economics instructor, who explains the concept using illustrations and clear instructional guidance.
Federal Reserve Bank
Episode 19: Costs of Production and the Shutdown Decision
The 19th podcast of a 21-part series on economics focuses on the costs of production when running a business. Historians analyze the difference between fixed, explicit, and implicit costs. They use mathematical equations to find total...
Federal Reserve Bank
Episode 15: Economic Growth
How can a mobile card reader impact the economic growth of a restaurant? Scholars investigate the concept of growing a business by using human resources in addition to tools and equipment. The 15th podcast of a 21-part series on...
Federal Reserve Bank
Episode 2: Factors of Production
How does an entrepreneur reach success? Scholars use Econ Lowdown to research the four factors of production in the second lesson of a 21-part economic series. They access podcasts and video links online to analyze how people access...
Macat
An Introduction to Karl Marx's Capital
Explore the factors that make capitalism work with a short analysis of Karl Marx's Capital. An animated video explains the relationship between labor and capital, and uses a real-world example to illustrate the ways...
Crash Course
Economic Systems and Macroeconomics
What works better: a planned economy or a market economy? Join the global debate with a Crash Course video about macroeconomics and the differences between economic systems. With quotes from Adam Smith and Karl Marx guiding...
Federal Reserve Bank
St. Louis Fed: Factors of Production: Economic Lowdown Podcast Series, Episode 2
Volume 1, Episode 2 of [6 min. 19 sec.] Economic Lowdown discusses factors of production as building blocks to the economy.
Council for Economic Education
Econ Ed Link: Productive Resources Video and Quiz
This video teaches the concept of Productive Resources. Productive resources are used to produce goods and services and are classified into four categories: land, labor, capital, and entrepreneurship.[1:32]
Khan Academy
Khan Academy: Changes in the Aggregate Production Function
In this video [6:25], learn about how several scenarios affect the aggregate production function and economic growth.
Khan Academy
Khan Academy: Gilded Age Versus Silicon Valley
Sal Khan discusses the labor vs. capital debate in this video. Which is more important in the 21st Century economy? [7:10]
Khan Academy
Khan Academy: Four Factors of Production
Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. In this video, we define each of the four factors of production and provide examples of each. [6:14]
Khan Academy
Khan Academy: Cost Minimizing Choice of Inputs
Learn about how firms determine the optimal combination of capital and labor in this video. [10:29]
Khan Academy
Khan Academy: Total Product, Marginal Product, and Average Product
The short-run production function describes the relationship between output and inputs when at least one input is fixed, such as out output varies based on the amount of labor used. We can use this production function to find the total...
Other
Three Types of Economic Resources: Factors of Production
This video introduces the three types of economic resources including: natural, human and capital resources. [1:22]