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Market Failures Video and Quiz

This video teaches the concept of Market Failures. There are certain well-recognized conditions under which market failure occurs; this means...
Key Concepts: asymmetric information, Externalities, Market Structures…

Income Distribution Video and Quiz

This video teaches the concept of Income Distribution. Income distribution refers to how the total income earned ends up divided...
Key Concepts: Budgeting, Consumers, Income Distribution…

Entrepreneurs Video and Quiz

This video teaches the concept of Entrepreneurs. Entrepreneurs are willing to risk their own resources in order to sell them...
Key Concepts: Division of Labor/Specialization, Entrepreneurs, Producers…

Elasticity of Demand Video and Quiz

This video teaches the concept of Elasticity of Demand. Price elasticity of demand is the way of measuring how much...
Key Concepts: Demand, Elasticity of Demand, Incentive

Demand Video and Quiz

This video teaches the concept of Demand. Demand refers to a relationship between price and the quantity of a good...
Key Concepts: Consumers, Demand, Elasticity of Demand…

Consumers Video and Quiz

This video teaches the concept of Consumers. Consumers are powerful in a market economy, and the economic choices of consumers...
Key Concepts: Consumers, Demand, Goods and Services…

Competition and Market Structure Video and Quiz

This video teaches the concept of Competition and Market Structures. In the context of markets, competition refers to the situation...
Key Concepts: Business Costs and Revenues, Market Structure, Market Structures…

Inflation Video and Quiz

This video teaches the concept of Inflation, which is an increase in the average price level in the economy.
Key Concepts: Economic Institutions, Fiscal Policy, GDP

Fiscal Policy Video and Quiz

This video teaches the concept of Fiscal Policy. Fiscal policy refers to how government taxing and spending policy can be...
Key Concepts: Budget Deficit, Business Cycles, Employment and Unemployment…

Employment and Unemployment Video and Quiz

This video teaches the concepts of Employment and Unemployment. Employment refers to people who have jobs while unemployment refers to...
Key Concepts: Aggregate Demand, Aggregate Supply, Division of Labor/Specialization…

Economic Growth Video and Quiz

This video teaches the concept of Economic Growth. Economic growth refers to the ability of the economy to increase its...
Key Concepts: Balance of Trade and Balance of Payments, Economic Development, Goods and Services

Aggregate Supply Video and Quiz

This video teaches the concept of Aggregate Supply. Aggregate supply shows the total (or aggregate) production of final goods and...
Key Concepts: Aggregate Supply, Business Cycles, Economic Institutions…