Basics of Economics: Learning the Language
Why are you already an economist?
4 Basic Questions
Trade Offs- Monsters Inc. to the rescue!
Production Possibilities Curve- PPC in 60 seconds
Circular Flow of Money Model
Goods and Services(Capital and Consumer)
Factors of Production
Demand-Supply and Demand Econ Movie
Equilibrium Point- More In Depth Supply and Demand
Market Clearing Price
Factors of Supply and Demand
Price Floors and Ceilings
Essential QuestionsWhy do we need to make choices?How do individuals, businesses and nations deal with the four basic questions?How do incentives and opportunity costs help make decisions?How are prices determined?Why does government intervene in the market place?