ACDC Leadership
Micro 6.3 Negative Externalities: Econ Concepts in 60 Seconds-Externality
Mr. Clifford's 60 second explanation of negative externalities (aka: spillover costs). Notice that there are two different supply curves. One is the marginal private cost which ignores the spillover costs and the other is the marginal...
Financial Times
How will Brexit reshape the City of London? | Lex Megatrends
Brexit has eroded the City's position as Europe's financial hub. From Singapore-on-Thames to a lawless Dodge City, the FT's Lex looks at how the City will reinvent itself
Institute for New Economic Thinking
George Akerlof, Markus Brunnermeier, Michael D. Goldberg, Jeremy Siegel
The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 2 Q&A: Has the Efficient Market Hypothesis Led to the Crisis? Collapsed with The Crisis?
Curated Video
Sustainable Economics: Panel Discussion on INET's Bretton Woods Conference (2 of 5)
Alex Evans is the head of the Resource Scarcity, Climate Change and Multilateralism program at New York University, and a speaker at INET's Bretton Woods Conference on April 10, 2011.
Institute for New Economic Thinking
Bretton Woods, Past and Present: 3. Models in Economics
What is a good model in economics? "The Kids" asked a dozen economists in the halls of the Mount Washington Hotel in Bretton Woods, and we invite you to watch what they said. Good models are those that pass the test of time, says...
Institute for New Economic Thinking
Jeff Sachs - The New Gilded Age 5/5
In Part 5 of this interview From the Director's Chair, INET Executive Director Robert Johnson talks with Jeffrey Sachs about the challenges of collective action.Sachs offers a brief history lesson comparing the problems of today to...
Bill Carmody
The Power of Delivering Happiness: The Biggest Marketing Shift of Our Generation
In this video, Bill Carmody highlights the significant marketing shift brought about by Zappos. By focusing on leaving customers happier after a call rather than minimizing call duration, Zappos created loyal and repeat customers.
Curated Video
Profit and its Maximization in Economics
The video provides an introduction on the concept of profit and distinguishes between accounting profit and economic profit. It explains how businesses generate revenue from producing goods and services and how they calculate their...
Zach Star
What changes | A lesson in statistics and incentives
Zach Star demonstrates what changes a lesson in statistics and incentives
Curated Video
Fiscal Rebalancing and Austerity Measures Explained
The video provides an in-depth explanation of two key terms in economics: fiscal rebalancing and austerity. The presenter covers aspects such as GDP components, trade imbalances, fiscal finances, and the size of the public sector. The...
Curated Video
The Purpose and Importance of Financial Regulation in the Banking Sector
In this lecture presentation, the speaker discusses the purpose and importance of financial regulation within the banking and financial sector. The speaker explains the various risks involved in banking, including credit risk, market...
Curated Video
Benefits and Costs of Inflation: Competitiveness, Fiscal Drag, Income Redistribution, and Government Finance
In this video, the presenter covers topics such as the impact of inflation on competitiveness in trading, the concept of fiscal drag in taxes, and the redistribution of income based on inflation's differential impact on borrowers and...
Bill Carmody
Mastering Mental Fitness
In this video, the teacher discusses the concept of mental fitness and shares insights from the Positive Intelligence program.
Institute for New Economic Thinking
Broadening the Field of Economics
Economics can be more effective if we try to integrate pure theory with real-world observation and insights from other disciplines, Lord Adair Turner says
Institute for New Economic Thinking
Paul Martin: Taking A Stand On Financial Regulation
Canada has long received credit for its economic turnaround under the stewardship of Paul Martin, the country’s former prime minister and finance minister. In general, Martin has received justifiable plaudits but often for the wrong...
Institute for New Economic Thinking
Sylvia Nasar: The State of Economics (5/5)
In part 5 of this INET interview, Sylvia Nasar discusses the current state of economics. She suggests that despite its recent failures to predict and understand the financial crisis, the economics profession is still vibrant. While much...
Institute for New Economic Thinking
Alexander Field: The Depression Era R&D Explosion (3/4)
In part 3 of this INET interview, Alexander Field discusses how innovation occurred during the Depression era. He suggests that massive investment—and indeed even growing investment during the Depression—in R&D led to widespread gains in...
Institute for New Economic Thinking
Paul Davidson - Legal Arbitrage Is Not Comparative Advantage 4/4
In the fourth and final part of this four-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Journal of Post Keynesian Economics co-founder Paul Davidson about Davidson's book The Keynes...
Curated Video
Understanding the Distribution of Income and Wealth in Society
In this lecture presentation, the speaker discusses the distribution of income and wealth, what it is, why it is important to consider, and the impact it can have on various groups within society. The speaker explains the distinction...
Curated Video
Addressing Income Inequality: Fiscal Policy Options and Strategies
In this video, the presenter discusses how to address income inequality through fiscal policies. He explains the Lorenz curve and genie index as tools to measure income inequality, and suggests ways to move the curve closer to the line...
Curated Video
Introduction to Production and Factors of Production
This is a video that explains the concept of production in economics. The video introduces the idea of taking inputs, engaging in a productive process and creating outputs. The video then categorizes the factors of production into four...
Institute for New Economic Thinking
Do Economists Have Social Responsibilities?
Economics is not, nor can it be, value-free. George DeMartino discusses economist’s influence, whether they should ever lie, and the irreparable ignorance that haunts economics. DeMartino argues for professional ethics in economics as a...
ACDC Leadership
Classroom Activity- The Four Market Structures Candy Simulation
The best way to learn something is to do it! Here is another experiencial learning activity for economics that you can do with your students. It will help your students understand and explain the difference between the four market...