Put polynomial functions to good use. An educational video shows scholars how to create a profit function from given revenue and cost functions. They also learn how to evaluate the function to determine the profit and how to use the...

Economists and accountants work with money every day, but their perspectives about that money can be very different. An informative video from Crash Course Economics explores basic elements of microeconomics, including economies of...

Overbooking—what does it mean and why? View a video that explains the intentions of the term and why businesses use it. The speaker walks through the math associated with the strategies with overbooking, helping class members fully...

Sal is starting a cupcake factory and walks learners through the cost and profit calculations necessary for any new business. He uses simple numbers for the start-up costs, overhead, product price, and cost per cupcake. Sal writes out...

This video lesson from Khan Academy discusses government expenditures. Specifically, earmarks, pork barrel projects and logrolling are highlighted. This lesson is intended for students taking a high school or college level American...

This video lesson from Khan Academy discusses the discretionary and mandatory outlays of the US federal government. This lesson is intended for students taking a high school or college level American Government and Civics courses,...

A rational agent considers both accounting profit and economic profit. In this video, see an example highlighting the difference between accounting profit and economic profit from a business and a discussion of explicit and implicit...

This is a simple example of accrual accounting. [4:50]

This video lesson from Khan Academy is intended for students who are taking the AP Macroeconomics course. Students will take a deeper dive into the total revenue rule and the relationship between total revenue and elasticity.

A video [9:01] explaining how a business can determine the optimal number of employees to hire in order to increase revenue without overpaying for labor.

Walkthrough the solution to a free response question (FRQ) like the ones you may see on an AP Microeconomics exam. Topics include why price equals marginal revenue (P=MR) for a perfectly competitive firm, how to draw side-by-side market...

This video covers earnings, EPS (earnings per share), and how they relate to the income statement and balance sheet. [10:15]

Accounting profit is what many people tend to think of when they think profit, but an economist would say that you leave something very important out when you do so: opportunity costs. In this video, explore the difference between a...

Sal Khan shows how to depreciate a capital asset. [12:33]

When there is a single buyer of labor this type of market is called a monopsonistic labor market. Learn how this changes the analysis of labor markets and why marginal factor cost is higher than the supply of labor in such markets. [9:23]