The Business Professor
Trade-Offs in Multiparty Negotiations
Trade-offs that require each group member to offer another member a concession on one issue, while receiving a concession from another group on a different issue. Reciprocal Trade-offs - A trade-off fashioned between two parties where...
Professor Dave Explains
Scarcity, Trade-offs, and Cost/Benefit Analysis
A core concept we must discuss if we are to understand economics is scarcity. Our wants and needs are endless, but the things we want and need are necessarily finite in nature. Therefore, we can say that these things are scarce. They run...
The Economics of Seinfeld
Yada Econ: The Economics of Seinfeld: The Apartment
Funny video clip [2:20] of Seinfeld portrays the economics concept of "signaling" and the associated costs.
The Economics of Seinfeld
Yada Econ: The Economics of Seinfeld: The Baby Shower
Economics lesson using hilarious clip [2:21] from Seingfeld season 2 episode in which students learn about cost-benefit analysis and the economics of crime in a humorous presentation.
The Economics of Seinfeld
The Economics of Seinfeld: The Chicken Roaster
Very funny clip [8:16] from Seinfeld season 8 demonstrates the economic concepts of cost-benefit analysis and externality when Kenny Rogers opens a restaurant and Kramer realizes the benefits of the chicken outweighed the cost of the glare.
The Economics of Seinfeld
The Economics of Seinfeld: The Deal
Very funny Seinfeld episode clip [2:52] from which students learn from Elaine, Jerry and Kramer about the fundamental economic concepts of signaling, utility and deadweight loss of gift giving.
The Economics of Seinfeld
The Economics of Seinfeld: The Deal
Economics lesson on trade-offs and opportunity costs taught through the hilarity of a Seinfeld episode video clip. [6:22]
Khan Academy
Khan Academy: Production Possibilities Frontier: Increasing Opportunity Cost
Discusses why the opportunity cost may increase as you move from one scenario to another. [6:05]
Genius Brands International
Secret Millionaires Club: Webisode 8: The Big Trade Off
Eighth episode of the Secret Millionaires Club. Featuring Warren Buffett, this animated series follows a group of entrepreneurial kids as they solve business and financial problems. In this episode, the group learns the importance of...
Khan Academy
Khan Academy: Comparative Advantage, Specialization, and Gains From Trade
When two agents have differing opportunity costs, there is potential for both of the to benefit if they specialize in what they each have comparative advantage in This video explores how two parties can get better outcomes by...