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Covers normative and positive economics, the circular flow and marginal analysis
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Influencing with Impact – The Importance of IQ + EQ by Jim Claunch. Part of the Economics Speaker Series
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Pure competition in the long run.
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This short video clip will go through a number of thought experiments concerning what will happen under different supply and demand shocks.
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Covers increasing and constant opportunity costs of a production possibilities frontier.
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Supply and Demand - the market for helium.
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Calculating opportunity Costs.
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This is video clip 2 of 3 on opportunity costs.
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Expansionary fiscal policy and negative feedbacks.
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Sunk costs applications
Creative Commmons License
Attribution: CC BY
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Explores the economics of ticket scalping.
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The ultimatum game is explored to more fully examine the rationality assumption and the theory of utility maximization. It also takes a hard look at the issue of fairness and its role in economic…
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This lecture covers price elasticity of demand which is a measure of responsiveness of quantity demanded to changes in price.
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Monopoly profit-maximizing price and output level.
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