Jacob Clifford
Economic Profit and Costs Review
What is the difference between the way an accountant calculates profit versus the way an economist calculates profit? Discover one take on the issue offered by Mr. Clifford, who reviews the concepts of explicit costs, implicit costs, and...
Mathispower4u
Linear Equation Application (Write a Profit Equation) - Example
Scholars profit from watching a short video about linear equations. They learn to write linear equations to represent profit when given information about revenue and cost. In addition, they see how to find the break-even point using the...
Mathispower4u
Polynomial Function Application: Profit Function from Revenue and Cost Functions
Put polynomial functions to good use. An educational video shows scholars how to create a profit function from given revenue and cost functions. They also learn how to evaluate the function to determine the profit and how to use the...
Curated OER
Economics of a Cupcake Factory
Sal is starting a cupcake factory and walks learners through the cost and profit calculations necessary to any new business. He uses simple numbers for the start-up costs, overhead, product price, and cost per cupcake. Sal writes out the...
Curated OER
Cupcake Economics 2
The continuation of the lecture regarding a cupcake business. Sal gives some very clear and relevant examples of the costs and profits within the different circumstances that may occur. He references an excel spreadsheet that is...
Jacob Clifford
Perfect Competition in the Short Run
What exactly is perfect competition, one of the four market structures, in economics?
Crash Course
Revenue, Profits, and Price
Economists and accountants work with money every day, but their perspectives about that money can be very different. An informative video from Crash Course Economics explores basic elements of microeconomics, including economies of...
Jacob Clifford
MR = MC Practice
Given quantity, total cost, and a perfectly competitive firm, how much should an organization produce and what will be the profit? Watch as the concept of profit maximization is broken down and explained with real-time illustrations and...
Khan Academy
ROA Discussion 1
Introduce young economists to return on asset with this clip which begins with the various theories on calculating ROA. Sal writes out four formulas and explains why he uses the last one: EBIT divided by assets. He breaks down EBIT and...
Curated OER
How Do You Solve a Word Problem Using a Function?
Yes, it's a word problem but you have all the information you need to solve it. You have a formula, and they have given you a value to plug in. So get to it and write out the formula, plug in the value and solve this word problem.
Curated OER
How Do You Solve a Word Problem Using a Function?
Yes, it's a word problem but you have all the information you need to solve it. You have a formula, and they have given you a value to plug in. So get to it and write out the formula, plug in the value and solve this word problem.
Curated OER
You Are All Winners
Coach Tom Goodson has volunteered to help students at a local elementary school for generations. This short shows how volunteering everyday can make a difference. Have your students volunteer together to help a non-profit and then write...
MinuteEarth
Why Biodiversity Is Good For The Economy
Variety is the spice of life! Biodiversity is important for the health of ecosystemsand also the health of industries like timber and agriculture. Junior conservationists learn the link between biodiversity and profitability in a short,...
Curated OER
Cupcake Economics 3
This video continues to use the business model of a cupcake factory and explains how prices are driven.
The Great War
The Merchant of Death - Basil Zaharoff
He was so violent and ruthless that he continues to inspire the bad guy in pop culture. Despite that, Basil Zaharoff, or The Merchant of Death, is still relatively unknown among most young historians. Zarahoff, an arms dealer, created a...
Jacob Clifford
Graphing Perfect Competition Practice
This video will guide your young economists through a practice of graphing perfect competition by prompting them to identify the errors in several graphs attempting to illustrate a perfectly competitive firm making a profit.
TED-Ed
How One Scientist Averted a National Health Crisis
Between 1957 and 1962, thousands of infants born in Canada, Great Britain, and Germany had serious deformities due to thalidomide, a drug marketed to pregnant women as a mild sleeping aid and to relieve pregnancy nausea. However, the...
C-SPAN
On This Day: Citizens United v. Federal Election Commission
What is free speech? And does it apply to corporations looking to support federal campaigns? As decided in the controversial Citizens United ruling, the Supreme Court determined that corporations have the same rights as people and can...
Federal Reserve Bank
Episode 1: Supply
It's all about timing ... when is the right time to raise the price or produce more if supply is low? The first lesson of a 10-part series on economics investigates the supply curve in business. Scholars watch a short video explaining...
Curated OER
Introduction to the Income Statement
Making money in a company isn't a straightforward process as scholars discover in this clip on the basic income statement. Sal explains what this is and lays out a scenario showing the various subtractions a company makes from their...
Curated OER
Organic Farmer
Camp Joy Gardens, a small, non-profit, Community Supported Agriculture (CSA) farm, runs classes for children and adults. The narrator of a short video about Camp Joy Gardens explains how CSA farms can work as a profitable business, as...
Federal Reserve Bank
Episode 7: Gross Domestic Product
We know that businesses can make a profit and improve their worth, but can a nation do the same? Scholars investigate the Gross Domestic Product in the seventh video lesson of a 10-part economic series. They analyze how a nation creates...
Curated OER
Getting a Seed Round From a VC
After reviewing his hypothetical business startup, Sal outlines stock distribution based on pre-money valuation and a $5 million investment from angel donor. He goes over the fluctuating percentage of ownership once an investor is...
Curated OER
P/E Conundrum
In order to present a potential inconsistency in the price to earnings ratio, Sal creates a scenario based on two entrepreneurs who each purchase a pizzeria with identical assets. The first pays the entire cost outright while the second...