Is Mexico the most dynamic economy in Latin America?  After some tough times in the 1980s and 90s, Mexico has emerged as one of the economic leaders of the region.  Where does it stand among other emerging markets and what are its prospects for the future? In this four-week course, we will study the modern Mexican economy, some of the unique elements of development in a one-party, authoritarian regime, and some of the challenges the country faced in getting to this point.

Lecture Objective: Students understand what “there ain't no such thing as a free lunch” really means. In other words, they can identify different types of nonmonetary compensation and how they form part of real wages.

The lesson incorporates two MRU videos about compensating wage differentials from our Principles of Microeconomics video course. We also mix in discussion prompts, exercises, practice questions, graphs and charts, and pre- and post-class assignments. Finally, we provide supplementary resources such as additional data sources, relevant news articles and blog posts, two episodes of Planet Money, and a podcast conversation between Tyler Cowen and Peter Thiel.

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What is Marginal Revolution University (MRU)?

Many of us can remember our first great economics teacher who fundamentally changed how we see the world. At MRU, we try and deliver that experience to millions worldwide through video.

Founded as a nonprofit in 2012 by George Mason University economics professors Tyler Cowen and Alex Tabarrok, MRU is building the world’s largest online library of free economics education videos -- currently weighing in at more than 800 videos.

Lecture Objective: Introduce students to the price system - how markets connect to one another and form a sophisticated global network that is constantly adjusting based on price signals. We use a Valentine’s Day analogy to illustrate key points.

The lesson incorporates a few MRU videos from MRU's Principles of Microeconomics video course. We also mix in discussion prompts, exercises, practice questions, and pre- and post-class assignments. Finally, we provide supplementary resources such as additional data sources, relevant news articles and blog posts, and an episode of Planet Money.

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What is Marginal Revolution University (MRU)?

Many of us can remember our first great economics teacher who fundamentally changed how we see the world. At MRU, we try and deliver that experience to millions worldwide through video.

Founded as a nonprofit in 2012 by George Mason University economics professors Tyler Cowen and Alex Tabarrok, MRU is building the world’s largest online library of free economics education videos -- currently weighing in at more than 800 videos.

This 5 minute video will teach students the benefits of compound interest. This video will aid in the mastery of standard EPF.18 (a)

In this 6 minute video, a scenario is presented to students who act as members of the FED and must make decisions related to monetary policy. A scenario is presented and then outcome impacts are discussed. This video will aid in the mastery of standard EPF. 4 and 7

Unsure of how to invest your money? Whether to rent or buy? Or which career path is right for you? We've all asked ourselves these questions, and it seems that everywhere you turn — the TV, radio, financial advisors, friends, and family — someone has an answer. In this course we turn down the noise to bring you sound advice. With two seasoned economists as your guides, you’ll walk through what everyone needs to know about personal finance.

This 1 minute video will define what a mutual fund is and will aid students in standard EPF. 18

This 3 minute video will explain price ceilings and their effect on an economy. This video will aid in the mastery of standard EPF. 3 (d)

This video will explain the classic price ceiling example of rent controls and how shortages are created from a price ceiling. This video will aid in the understanding of how price ceilings create shortages and enforces standard EPF. 3 (d)

This video is 3 minutes long and will enforce the understanding of the role government plays in a command economy. This video will enforce the standards EPF. 1 (e)

This 9 minute video will aid students in understanding how minimum wage attempts to create economic equity but will create a surplus of labor. This video will aid in the mastery of standards EPF. 3 (d) and 10 (b)

This 9 minute video will explain the example of how price floors create a surplus using minimum wage as the example. This video will aid in the mastery of EPF. 3 (d)

Este curso introductorio es en espańol y está dirigido a personas que desean entender los conceptos básicos de microeconomía, un área de la economía que estudia, entre otras cosas, cómo los individuos (consumidores y productores) se comportan. Primero explicaremos el lado de la demanda y cómo ésta responde a cambios en los precios. Luego explicaremos cómo los individuos toman decisiones de consumo, y la manera en que cambios en el ingreso afecta esas decisiones. También explicamos la oferta, constituida por productores o firmas, los costos que enfrentan en el proceso de producción, y por qué los costos son importantes para la decisión de producción.

With this free video resource, students will explore the economic way of thinking, and the role incentives play in all our lives through engaging Hollywood production style videos.

Educators can use MRU's videos in a variety of ways, to include “flipping” the classroom, as study aids, supplementary material, concept reinforcement, or even as a full course offering.

In MRU's Principles of Macroeconomics course, we’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?

We’ll also cover important topics like the Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, the “economics of ideas,” and more.

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What is Marginal Revolution University (MRU)?

Many of us can remember our first great economics teacher who fundamentally changed how we see the world. At MRU, we try and deliver that experience to millions worldwide through video.

Founded as a nonprofit in 2012 by George Mason University economics professors Tyler Cowen and Alex Tabarrok, MRU is building the world’s largest online library of free economics education videos -- currently weighing in at more than 800 videos.

With this free video resource, students will be exposed to the economic way of thinking. Students will understand how to use economics in their lives and, ultimately, you’ll see the world differently-- all through engaging Hollywood production style videos.

Educators can use MRU's videos in a variety of ways, to include “flipping” the classroom, as study aids, supplementary material, concept reinforcement, or even as a full course offering.

In MRU's Principles of Microeconomics course, covers fundamental concepts like supply and demand and equilibrium. We also answer questions such as: How are prices determined? What did Adam Smith mean when he said the market process works like an “invisible hand”? How is it that we have access to fresh roses in very cold cities every Valentine’s Day? All key topics are covered to include competition, monopoly, price discrimination, externalities, public goods and more.

There are no prerequisites for this course, and it is accessible to beginners.

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What is Marginal Revolution University (MRU)?

Many of us can remember our first great economics teacher who fundamentally changed how we see the world. At MRU, we try and deliver that experience to millions worldwide through video.

Founded as a nonprofit in 2012 by George Mason University economics professors Tyler Cowen and Alex Tabarrok, MRU is building the world’s largest online library of free economics education videos -- currently weighing in at more than 800 videos.

This is an 8 minute video that will aid in the mastery of standard EPF. 13, 17, and 18. The video also goes over some basic facts about The Great Recession. It also shows graphs that demonstrate income potential over ones' lifetime.

This 9 minute video will examine structural unemployment. It will enforce the standard EPF. 5

Data is all around us. Everything from the fitness tracker on your wrist to researchers at your local university are creating mountains of data — big data. What does all this data mean? And how can it help us answer important questions such as: What are the leading causes of heart disease? Or what patterns are related to higher pay at your job? Looking at data can help us answer fun questions too — who’s likely to win the next Super Bowl? Leave the boring lectures behind and intuitively learn data analysis through interactive exercises that allow you to play with fascinating real-world datasets. By the end of this course, you’ll be comfortable applying the basics of statistical analysis and econometrics. There are no prerequisites and we encourage you to repeat the interactive lessons as often as you need.

This video introduces students to what banks do and their purpose in our economy as a linker between borrows and lenders. This video will aid in the mastery of standard EPF. 12

This video is approximately 4 minutes long and will explain the concept of GDP. It will aid in the mastery of standard EPF. 5 (a)