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Markets and Prices Video and Quiz

This video teaches the concept of Markets and Prices. A market refers to a group of buyers and sellers for...
Key Concepts: Business Costs and Revenues, Demand, Market Structure…

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

Price Ceilings and Floors Video and Quiz

This video teaches the concept of Price Ceilings and Floors. A price ceiling is a legally established maximum price while...
Key Concepts: Demand, Markets, Markets and Prices…

Economic Systems Video and Quiz

This video teaches the concept of Economic Systems. Economic systems can be categorized according to who makes most of the...
Key Concepts: Decision Making/Cost-Benefit Analysis, Economic Development, Economic Institutions…

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…

Producers Video and Quiz

This video teaches the concept of Producers. Producers use scarce resources to produce goods and services which they offer to...
Key Concepts: Producers

Incentives Video and Quiz

This video teaches the concept of Incentives. An incentive is a cost or benefit that motivates a decision or action...
Key Concepts: Decision Making/Cost-Benefit Analysis, Economic Systems, Elasticity of Demand…

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…

Profit Video and Quiz

This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated...
Key Concepts: Business Costs and Revenues, Entrepreneurs, Market Structure…