In this video, the topic of short-run costs is explored, specifically the distinction between short run and long run and its implications on costs. The video explains the specific definitions applied by economists to time frames,...

This video is a lecture on the topic of monopsony power in the labor market. The speaker explains the concept of monopsony and how it impacts the labor market for both workers and employers. The speaker also compares a perfectly...

This video discusses the topic of long-run costs in economics, specifically related to the concept of returns to scale. The video explains the difference between short-run and long-run factors of production and how this affects a firm's...

The video is an educational resource that introduces the concept of productivity and its importance in economics. The presenter explains how productivity is the output per unit of input and how it can vary depending on factors such as...

Part one of the farming series describes a thegn and explains his position within the Saxon community.  He explains how ceorls and slaves help farm his land and talks about the food they grow and animals they keep.

The FT's Jamie Smyth says internal party wrangling, the political system and a growing culture of negative campaigning are behind Australia's poisonous politics.

The video discusses the concept of the backward bending labor supply curve. The video explains the income and substitution effects that influence the supply of labor, and evaluates the impact of the backward bending labor supply curve...

The video discusses the concept of economies of scale in markets and how they can impact the structure of those markets. The video also examines the factors that contribute to managerial diseconomies, such as poor communication and...

In this video, the presenter explains the fundamentals of labor markets and how economists study them. They discuss the downward sloping labor demand curve, and how higher wage rates cause firms to demand fewer workers. They also explain...

On Thursday the Labour party announced their new manifesto, full of their promises to the electorate. We read all of this over 100-page document and compressed it into less than 10 minutes to make understanding their policies easier!

The video discusses the long run average cost curves and their implications for the structure of the market. The video uses an example of a factory to demonstrate this concept and how the long run average cost curve is formed by the...

This video is a tutorial on the topics of economic rent and transfer earnings in labor markets. It starts with defining these two terms and explaining their differences, using examples and diagrams to illustrate the concepts. The video...

The video discusses the concept of a monopsony, which occurs when there is only one buyer in a market, such as the government in the public sector. The video explains the differences between the outcomes of a monopsony labor market and a...

This video discusses the concept of specialization and division of labor in economic theory. It starts by giving an example of a rudimentary village where individuals have to produce all their own goods and services, and then explains...

The video explores how employment laws affect the performance level, threats, and opportunities of businesses. It discusses various factors covered by employment laws, such as pay, working conditions, worker's rights and benefits, trade...

In this video, the speaker provides a lesson on sustainability and focuses on the importance of achieving sustainable growth through shifts in the long run aggregate supply curve. He discusses two situations: a simple outward long run...

There has been a lot of talk in Britain about the need for a new centrist political party. Political commentator Janan Ganesh talks to FT editor Lionel Barber about whether this is something that could happen.

In this video, the speaker discusses the different types of unemployment in economics and provides explanations and examples for each one. The four main types of unemployment discussed are cyclical unemployment, seasonal unemployment,...

This Week in Parliament is a series we are currently trialling where we keep you up to date with the latest news from the UK's Parliament. This week we discuss issues including the issue of bullying in Parliament and the allegations...

The Labour's 2017 Manifesto is very long, and most people don't bother reading it. So I'll sum it all up really quick, then you won't need to read it.

In this video, Jabzy brings us historical tidbits and unknown facts about Every British Prime Minister Part 4 (1902-1951)

The video discusses the topic of labor markets, specifically the impact of a higher minimum wage on the economy. The video analyzes the factors that affect the significance of this trade-off, such as the size of cash reserves that...

On May 6th the people of Wales will cast ballots in the Welsh Parliamentary election. The representives they select will not only impact how Wales handles issues from health to education but also the countries attitude towards the rest...

The video is a lecture presentation on labour productivity, highlighting how firms measure it and why it's essential for businesses to track the progress of their workforce's productivity. The presenter discusses the different types of...