What if there were no prices? How would you use available resources? …
What if there were no prices? How would you use available resources? In this video, Professor Howard Baetjer Jr. of Towson University leads you through a thought experiment to illustrate why market prices are essential to human well-being. Suppose you were the commissar of railroads in the old Soviet Union. Markets and prices have been banished. You want a railroad from City A to City B, but between the cities is a mountain range. You can build the railroad around the mountains and use more steel or through the mountain and use more engineering. Which should you choose?
The national debt is so big that it's often hard to comprehend. …
The national debt is so big that it's often hard to comprehend. In this video, Professor Antony Davies of Duquesne University presents the government’s fiscal situation scaled down to the level of an average household to help students understand the national debt.
By the end of this section, you will be able to:Discuss the …
By the end of this section, you will be able to:Discuss the importance of studying economicsExplain the relationship between production and division of laborEvaluate the significance of scarcity
By the end of this section, you will be able to:Discuss the …
By the end of this section, you will be able to:Discuss the importance of studying economicsExplain the relationship between production and division of laborEvaluate the significance of scarcity
By the end of this section, you will be able to:Discuss the …
By the end of this section, you will be able to:Discuss the importance of studying economicsExplain the relationship between production and division of laborEvaluate the significance of scarcity
Why do we exchange things? In this video, Professor Michael Munger of …
Why do we exchange things? In this video, Professor Michael Munger of Duke University explains that exchange helps correct mistakes in the allocation of resources and makes everyone involved happier.
Many have suggested raising taxes on the richest Americans to help offset …
Many have suggested raising taxes on the richest Americans to help offset pay off the national debt. In this video, Professor Antony Davies of Duquesne University uses data to assess how much of a difference taxing the rich would make.
This is a zero textbook cost syllabus for teaching macroeconomic theory at …
This is a zero textbook cost syllabus for teaching macroeconomic theory at the 200 level at a community college. It is designed for a one semester course, using a creative commons textbook and a variety of open source podcasts, newspaper articles, and other materials available to CUNY students.
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