Venezuela. Once the richest country in all of Latin America, it is now home to the single greatest economic downturn for a country in modern history. In terms of countries that had it easy, Venezuela, by all counts, should be at the...

This video explores the various alternative ways in which economic development within countries can be measured beyond the commonly used Human Development Index (HDI). The video discusses the limitations of HDI and introduces alternative...

In this video, the teacher explains the meaning and accounting treatment of peculiar items in nonprofit organizations. They cover topics such as payment of honorarium, endowment funds, government grants, special funds, and stationary...

sing real world examples, this live-action video introduces the profession of accounting in a dynamic style. The program begins with a brief history of accounting from ancient cuneiform business records to the introduction of the “double...

I explain the key terms of the financial sector, including: assets, liabilities, loans, bonds, stocks, and interest rates.

Work in progress inventory moves from the balance sheet to the income statement. It impacts product costing as a Cost of Good Sold.

How can we address corruption in academia? Charles Ferguson, the director of the new documentary film "Inside Job" says that we need limits to financial conflicts of interest in academia, as well as a disciplinary system

In this video we go over the pros and cons of a universal basic income. The US government spent over $5 trillion of economic stimulus and relief payments during the pandemic of 2020 and 2021. This is enough money to give every adult...

Individuals may choose to itemize deductions or employ the standard deduction. This video explains what is the standard deduction and what are the various expenses that qualify as itemized deductions.

The alternative minimum tax system or ATM was created to make certain everyone pays a minimum percentage of income taxes. This video explains how alternative minimum taxes are calculated and applied.

The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel

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This video provides important points and common mistakes to avoid when solving accounting problems for not-for-profit organizations. It emphasizes the importance of reading the question carefully, preparing proper formats, and giving the...

The video explains the concept of demand curves in economics. The video also explains the law of demand, then goes on to explain how changes in non-price factors, such as income or the prices of complementary or substitute goods, can...

This video is a lecture presentation on the role of stakeholders in business. The presenter defines what a stakeholder is and distinguishes between stakeholders and shareholders. The main focus of the presentation is how stakeholders...

This is Ireland, or more specifically the Republic of Ireland which is a sovereign nation that is home to 5 million people who are all quickly becoming some of the wealthiest citizens in the world....

In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George Washington's death is similar to the Great Depression. Weird huh? Thanks...

Tidyr is a handy R package for reshaping data, but it can be hard to remember exactly how pivot_wider and pivot_longer work. Thanks to RStudio code snippets, you can write a snippet once and then always have a fill-in-the-blank code...

In this informative video, we dive into the concept of residual income. The host breaks down the definition and importance of residual income in various scenarios, particularly in finance and equity valuation. They explain the...

The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel

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It’s no secret that wealth inequality has grown, both in the US and abroad over the past several decades (after moderating somewhat in the post-WWII era). What has been particularly notable about the work of Emmanuel Saez,...

Colorado State economist Steve Pressman thinks so: in the next few years rising interest rates could squeeze household spending, and depress the economy.<br/>

Hedge Funds Explained part 3/4: The video discusses the setup and operation of hedge funds, focusing on the strategies used to avoid taxes and generate profits. The speaker explains the importance of setting up a partnership and...

Tax credits reduce the liability of a taxpayer. That is, it reduces the amount of taxes owed. This is different than a deduction, which reduces the taxable income of a taxpayer.

Multi-Level-Marketing (MLM) companies are big businesses around the world and they have rightfully attracted much criticism for questionable business practice. Many have called them illegal pyramid schemes, but today these...