What happens when governments default on their debts? In this video, Professor Garrett Jones of George Mason University uses the Greek government debt crisis to explain what happens when governments default on their debts and why it's not always a bad thing.

How should we understand Ayn Rand’s political philosophy? In this video, Professor Jennifer Burns of the University of Virginia argues that Rand belongs to the classical liberal tradition.

Readers of this book will find information on how to apply their knowledge of psycho-educational assessments to a specialized population – children with multiple, severe disabilities. The specialized assessment skills presented include adaptations for motor, communication, visual, and hearing impairments. Thus, much of the information in this book will also be applicable to children who have specific (singular) impairments in one of these areas. This book provides many suggestions for further education on the topics presented.

Americans make up around four percent of the world population and yet they control over 25% of the world’s wealth. If that wealth were shared evenly across the globe, couldn’t we solve the problem of global poverty overnight? In this video, Professor Matt Zwolinski of the University of San Diego explores how best to end poverty for good.

This course is an introduction to economics for non-majors and political economy, with an emphasis on the moral and ethical problems that markets solve, and fail to solve. Taught by Professor Michael Munger of Duke University, this course includes full length lectures, links to readings, and a sample final exam.

This series focuses on the work of The Centre for the Study of African Economies (CSAE) - an economic research centre within the Department of Economics at Oxford University. These short talks look at specific research topics within the CSAE and are aimed at people who are interested in learning more about African and other world Economies such as Latin America. CSAE researchers often use unique data which give them unrivaled insight into the underlying issues. The resulting policy recommendations address questions in the economic and political spheres as well as in civil society in developing countries.

How the equilibrium price or quantity might change due to changes in supply or demand

The Institute for Humane Studies has partnered with the authors of the textbook Common Sense Economics: What Everyone Should Know about Wealth Creation and Prosperity to help teach students why economic understanding is essential for life in today's society. With videos and quiz question corresponding to each element, this collection can be used as a study guide for "Part 1: Twelve Key Elements of Economics".

How two parties can get better outcomes by specializing in their comparative advantage and trading

Showing that a party benefits from trade as long as there is a comparative advantage (and not necessarily an absolute advantage)

Do you think that a majority vote is always the fairest way to reach a consensus? Think again! In this video, Professor Diana Thomas of Creighton University explains that it is very easy for a savvy politician to dictate the winner of a vote using Condorcet’s Paradox.

Using our spreadsheet to show why prices decrease when utilization is low and prices increase when utilization is high.

People say the government has a debt problem, but what causes federal government debt? In this video, Professor Antony Davies of Duquesne University traces the root cause of government debt to find out if the problem is too much spending or too little government tax revenue.

This course introduces the theory of relative prices in a market system, consumer choice, marginal analysis, and the allocation of productive resources among alternative uses in a market economy. Other topics may include market power and price discrimination, public finance, the labor market and environmental policy.

Course Outcomes:
1. Discuss the role scarcity plays in defining economic choices and how individuals, companies and nations resolve these issues.
2. Describe and apply marginal principle, principle of opportunity cost, principle of diminishing returns, comparative advantage, and elasticity.
3. Analyze the relationships between production costs and cost curves.
4. Explain the mechanics of supply and demand and apply the supply and demand model to evaluate markets.
5. Discuss the efficiency and equity of both competitive and noncompetitive markets and how both are impacted by government intervention.
6. Explain, compare and contrast, and apply in context each of the basic market structures - i.e. perfect competition, monopoly, oligopoly and monopolistic competition.

This course introduces the determination of levels of national income, employment and prices, and the basic causes of fluctuations in the business cycle, the banking system, monetary policy and financial intermediation. Other topics may include international trade and international finance.

Course Outcomes:
1. Discuss the role scarcity plays in defining economic choices and how individuals, companies and nations resolve these issues.
2. Describe and use economic data to evaluate the three basic macroeconomic problems: recession, unemployment, and inflation.
3. Discuss and apply the concepts of economic growth and business cycles to the macro economy.
4. Demonstrate how Gross Domestic Product (GDP) and Real GDP are calculated and explain the uses and limits of both.
5. Discuss and apply the aggregate-demand and aggregate-supply model to analyze short run and long run national economic conditions and the effectiveness of macroeconomic policy.
6. Apply the concepts of comparative and absolute advantage to explain the benefits of trade.