Sophia Learning
Sophia: The Rational Consumer
Tutorial enhances the learning process by providing a slideshow and captioned video that examines the concept of diminishing marginal utility. [2:11]
Sophia Learning
Sophia: What Is Economics?
Introduction to economics using notes and a corresponding video teaches students the basic definition of economics which involves individual choice. [1:12]
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]
Khan Academy
Khan Academy: Economic Profit vs Accounting Profit
Looks at the difference between a firm's accounting profit and its economic profit. [8:05]
Khan Academy
Khan Academy: Depreciation and Opportunity Cost of Capital
How to account for things when you own the building instead of renting it.
Council for Economic Education
Econ Ed Link: Comparative Advantage Activity
Students can use this interactive activity to understand comparative advantage.
Khan Academy
Khan Academy: Perfect Competition
A video lecture describing the conditions for perfect competition. Understand that for perfect competition there has to be no barriers to entry, no advantage for existing, good price information, and many players with identical products....
Khan Academy
Khan Academy: Comparative Advantage and Absolute Advantage
Did you know that a party benefits from trade as long as there is a comparative advantage? This video lecture explores the differences between comparative advantage and absolute advantage. [10:15]
Khan Academy
Khan Academy: Accounting Profit vs Economic Profit
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...
Khan Academy
Khan Academy: Comparative Advantage Worked Example
In this video [9:48] we work through an example of a question like you might see on an AP microeconomics or AP Macroeconomics exam determining who has comparative advantage in producing a good using data from a table. Topics include how...
Khan Academy
Khan Academy: Increasing Opportunity Cost
When there are increasing opportunity costs, the shape of the production possibilities curve (PPC) is bowed out. Learn more about how the shape of the PPC, which is sometimes also called the production possibilities frontier curve (PPF),...