Curated Video
Understanding Factor Immobility and Market Failure
In this video, the topic of immobility is explained, specifically, factor immobility and its effects on market failure. The concept of production and the allocation of resources are introduced, and then the video delves into different...
Curated Video
Understanding Collusion: Forms, Examples, and Implications
This video is a lecture presentation discussing the different forms of collusion in concentrated industries. The presenter explains overt and tacit collusion. The video also covers how cartels function to set prices and production...
Curated Video
Creating a Successful Business Plan
This is a lecture presentation about business plans, their importance for businesses, and the typical components of a business plan. The presenter uses examples from hit BBC show The Apprentice, and discusses what successful investors...
Curated Video
Understanding and Analyzing Monopsony Power in the Labor Market
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...
Healthcare Triage
Gaming the System: Orphan Drugs Part 3
This week, we continue our series on Orphan Drugs by looking at a few ways that pharmaceutical companies game the system, and shoehorn their drugs into qualifying for orphan drug status, and therefore greater patent protection. All these...
Curated Video
Introduction to Price Discrimination and Its Impact on Consumers and Producers
This video is a lesson on the concept of price discrimination. The speaker explains what consumer surplus is and how firms may engage in price discrimination to take advantage of it. The different forms of price discrimination, including...
Healthcare Triage
Rising Pet Care Costs Might Tell Us Something about Human Health Care Costs
In almost every year since the 1960s, health care spending has grown at least as fast as the overall economy, and often much faster. Health economists have long debated why.
Curated Video
The Tragedy of the Commons and Property Rights
The video discusses the concept of the tragedy of the Commons and its relevance in modern-day environmental issues. It explains why the absence of property rights can lead to market failure, using the example of common land in the UK and...
Espresso Media
What's Really in Your Chewing Gum?
In this video, the speaker explores the ingredients and concerns surrounding chewing gum. There are concerns about the safety of these ingredients, particularly vinyl acetate, which has been linked to adverse reactions in large doses....
Curated Video
Understanding X-Inefficiency in Different Market Structures
The video lecture discusses X-Inefficiency. The video explains that X-Inefficiency can lead to rising costs, poor decision-making, and reduced productivity, and identifies issues such as patents, lack of incentive to innovate, and...
ACDC Leadership
Micro 5.3 Comparing Product and Resource Markets: Econ Concepts in 60 Seconds- Review
Mr. Clifford's 60 second explanation of the differences between a perfectly competitive product market and a perfectly competitive resource market. Notice that the firms both have a horizontal curve but in the product market it is demand...
Curated Video
Environmental Functions and Models in Economics
This video discusses the environmental functions and models used in economics to evaluate the effects of economic activity and growth on the environment. The three main functions of the environment are explained as a provider of...
ACDC Leadership
5.2 Perfectly Competitive Labor Market and Firm: Econ Concepts in 60 Seconds- Advanced Placement
Mr. Clifford's 60 second explanation of how to draw a perfectly competitive labor market and firm hiring workers. Notice that the perfectly elastic (horizontal) curve is now supply.
Sustainable Business Consulting
Making the Business Case
Learn how to utilize both internal and external pressures to make the business case for sustainability and uncover opportunities to make money. See how sustainability-focused companies are outperforming traditional organizations in the...
Curated Video
Determinants of Price Elasticity of Supply
This video provides an explanation of the determinants of price elasticity of supply. The presenter first defines price elasticity of supply and explains the difference between elastic and inelastic goods. Then, the video discusses four...
National Institute of Standards and Technology
Deputy Secretary Porcari at the Manufacturing Innovations 2011 Event
Department of Transportation (DOT) Deputy Secretary John D. Porcari visited the Manufacturing Innovations 2011 event on May 17, 2011, to discuss key department initiatives and the relationship between DOT and the Manufacturing Extension...
Curated Video
Market Competition: Understanding Perfect Competition and Monopoly
This video discusses the concept of market competition and how it affects outcomes like prices, efficiency, and outputs. The video then introduces two important forms of market competition: perfect competition and monopoly. The speaker...
Curated Video
Introduction to Collusion in Oligopoly Markets
This is a lecture video discussing collusion in markets, particularly in oligopoly markets. The speaker introduces the concept of collusion and explains why and how it prevails in certain markets. The video provides examples and explains...
Curated Video
Diagrammatic Analysis of Monopoly Market Structure
This video explains the concept of monopoly market structure, its diagrammatic analysis, and the behavior of monopolists. The video covers topics such as the downward-sloping demand curve, the profit-maximizing output, the price, and the...
ACDC Leadership
Micro 6.4 Positive Externalities- ACDC Econ
Mr. Clifford's 60 second explanation of positive externalities (aka: spillover benefits). Notice that there are two different demand curves. One is the marginal private benefit which ignores the spillover benefits of flu shots and the...
Professor Dave Explains
Introduction to Nonsteroidal Anti-Inflammatory Drugs (NSAIDs)
Now that we've covered some basics regarding drug nomenclature, drug administration, and the ways they move through and interact with the body, it's time to dive into a survey of specific drugs so we can learn about as many as we can....
Healthcare Triage
Orphan Drugs: An Introduction
In the United States, the median price for an orphan drug is about $100,000 per year, twenty times the price of the median non-orphan drug. Given the staggering cost, you'd think we'd have a solid handle on whether that money is...
Curated Video
Introduction to Corporate Governance
This video provides an introduction to corporate governance, which refers to the structure and framework of organizations at the highest levels to ensure ethical behavior for all stakeholders, while avoiding any negative impact on the...