Application of Oral History to Economics: Family Economic History The assignment will connect an oral history approach to the examination of economic concepts such as opportunity cost of attending school, economic crises (inflation and unemployment, etc.), and standard of living over time. Particularly, students will interview parents, grandparents, or family members from older generations regarding the types of work they performed, economic decisions they have made, and the economic conditions while they were growing up. The project develops a student's ability to understand and integrate these concepts from a variety of perspectives and real world situation.

Arbitrage is taking advantage in price differences to earn a profit. In this video we explore arbitrage opportunities in options markets. Created by Sal Khan.

Thinking about how hedge funds are different from other institutions. Created by Sal Khan.

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.

This course examines how people learn, practice, and evaluate traditional and contemporary craft techniques. Social science theories of design, embodiment, apprenticeship learning, skill, labor, expertise, and tacit knowledge are used to explore distinctions and connections among art, craft, and science. We will also discuss the commoditization of craft into market goods, collectible art, and tourism industries. Ethnographic and historical case studies include textiles, glassblowing, quilting, cheese making, industrial design, home cooking, factory and laboratory work, CAD-CAM. In-class demonstrations and hands-on craft projects will be included.

This easy-to-understand video animation describes drought and explains the different categories of drought used by the drought monitor. It discusses the effects of and contributions to drought, what the implications of the different drought levels are, and puts the drought maps into context to understand how the impacts vary geographically (e.g. drought in Nevada vs Kansas - one could affect tourism, the other agriculture). It also touches on how the development of maps/drought severity is determined and how it might vary geographically. The animation provides a basic overview of statistics and percentiles and the concept of '100 year events.'

In addition to discretionary fiscal policy, there are policies and institutions that can help reduce swings in the business cycle. This video discusses the role of automatic stabilizers in the business cycle.

A higher minimum wage would provide higher income for low-wage workers but also likely reduce job opportunities. Some of the reduction in job opportunities would occur from employers automating job tasks to replace more expensive human labor. The November 2021 issue of Page One Economics® explains how a higher mandated wage may lead some firms to substitute capital for labor.

Back of the envelope calculation of which office space to rent. Created by Sal Khan.

Thinking about why backwardation in commodities markets is bullish. Created by Sal Khan.

Why a CDO could be worth nothing even though they are "collateralized". Created by Sal Khan.

A real life example of a transaction involving CDOs. Created by Sal Khan.

A solution that is MUCH fairer that has a MUCH better chance of working! Created by Sal Khan.

Review of balance sheets. Difference between illiquidity and insolvency. Created by Sal Khan.