The Business Professor
Standard Product Costs
Standard costs are used to estimate what will be the Cost of Goods Sold or COGS.
Economics Explained
The Economics of Brexit: Brexit
Brexit has shaken things up not only inside Britain but outside as well in the EU. What were the causes that led to this separation and how does it affect the economy moving forward? Helping you become more knowledgeable about how the...
Economics Explained
Is Hyperinflation Coming?: What Is Inflation?
Inflation is something we more or less take for granted these days. The idea that 5 dollars today is not going to be able to buy 5 dollars worth of stuff in the future, and the fact that you used to be able to buy a family home for 10...
The Business Professor
Convention on Contacts for the International Sale of Goods
What are the rules applicable to international contracts? The answer depends upon the rules adopted by the parties to the contract. A popular set of model rules is the Convention on Contracts for the International Sale of Goods or CISG?...
Economics Explained
Can Saving Too Much Money Cause a Recession?: Side Effects of Saving
People are told from the time they get their first job to save money. Save for a car, have an emergency fund, send your kids to college, a house deposit, oh and not to mention retirement (if that is still a thing). There are a million...
ACDC Leadership
Comparative Advantage and Trade - Macro Topic 1.3 (Micro Topic 1.4)
This topic is somehow ridiculously simple and ridiculously complex. The simple part is understanding that trade is mutually beneficial. The complex part is calculating per unit opportunity cost and determining how individuals, business,...
Jabzy
Watchmen - Stuff That I Find Interesting
In this video, Jabzy brings us historical tidbits and unknown facts about the Watchmen
The Business Professor
Exceptions to the Rule of Present Consideration in Contract Law
This video explains the two notable exceptions to the rule that a contract must have present consideration to be enforceable: 1) an option contract and 2)applies to merchants selling goods under the Uniform Commercial Code (UC).
Economics Explained
Is Hyperinflation Coming?: Is Inflation Good or Bad
Inflation is something we more or less take for granted these days. The idea that 5 dollars today is not going to be able to buy 5 dollars worth of stuff in the future, and the fact that you used to be able to buy a family home for 10...
Economics Explained
How To Fix An Economic Crisis: Interest Rates
Let's say you find yourself as the Head of State of some country during an impending economic crash. Your country's stock market is imploding, businesses are closing, unemployment is rising, and everyone is looking to you to provide...
Professor Dave Explains
Changes in Supply and Demand
We just learned about supply and demand. But how do these change over time? To answer this we must learn about elasticity. For elasticity of supply we must learn about input costs as well as supply determinants like subsidies and excise...
The March of Time
1946: AMERICAN ZONE, GERMANY: EXPORT SHOW: Export Show banner. People walking around outside exhibits. Boy driving small diesel open locomotive on track. Large crowd outside. People walking by Bavarian beer sign. People looking at dry goods, cloth.
MOT 1946: AMERICAN ZONE, GERMANY: EXPORT SHOW: Export Show banner. People walking around outside exhibits. Boy driving small diesel open locomotive on track. Large crowd outside. People walking by Bavarian beer sign. People looking at...
The Business Professor
Product Costing - Impact of Work-in-Progress Inventories
Work in progress inventory moves from the balance sheet to the income statement. It impacts product costing as a Cost of Good Sold.
The Business Professor
Dealing with International Contracts
Products that a manufactured and sold in different nations are subject to international agreement. This video explains what are International Contracts and how do they work. Also, this video explains what are the important considerations...
Curated Video
Introduction to Cross Elasticity of Demand and Classification of Substitute and Complementary Goods
This video introduces the concept of cross elasticity of demand, which is the measure of how changes in the market for one product can have an impact on the market for a different product. The video explains how economists use cross...
Jabzy
The Great Silk Heist - Stuff That I Find Interesting
In this video, Jabzy brings us historical tidbits and unknown facts about The Great Silk Heist
Curated Video
Currency Depreciation and Devaluation: Correcting Trade Deficits
In this video, Peter Jordan discusses the correction of trade deficits, focusing on currency depreciations and devaluations. He explains the differences between the two and how they work in a floating exchange rate system. He also covers...
Economics Explained
How The Suez Crisis Might Give Rise To A New Industry: Pay For This Mess
How is the Suez Canal disaster going to impact the already struggling shipping industry? Who is actually going to end up paying the 400 million dollars an hour that this debacle was reported to cost? And how might all of this help...
TLDR News
No Deal Brexit Now Inevitable? Brexit Negotiations Continue to Stall (August 2020) - TLDR News
As Brexit negotiations between the UK and EU continue to splutter on, some are beginning to question whether this is a lost cause - whether there's any hope that the two sides could reach an agreement. That's largely because there are...
Economics Explained
The Pokémon Card Price Boom | Economics Explained
Pokemon is just fantastic, the video games, the show and of course the playing cards. Countless childhood hours have been spent on these pocket monsters, and well countless adulthood hours for that matter too, challenge me to a gen 6...
Economics Explained
The Crazy Economy of Monaco: The Right Kind Of Tax
Monaco is the wealthiest nation in the world per capita. It's also the country with by far the highest average age of citizens. It has the highest cost of land of any country in the world, it pretty much breaks any kind of list you want...
Curated Video
Understanding Demand Curves and Shifts
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...
Let's Tute
Introduction to Consignment Accounting: Definition and Process
Introduction to Consignment Accounting part 1/10: In this session on consignment accounting, we are giving a clear idea about what is consignment and how its process works.
Curated Video
The Economic Threats and Opportunities of International Trade
This video is a lecture on the economic threats and opportunities presented by international trade. The speaker discusses the definition of international trade and how it can provide market opportunities and economies of scale for firms....