This 3 minute video will explain the relationship between specialization and division of labor as defined in the 18th century by economist Adam Smith in The Wealth of Nations. This video will enforce standards EPF. 1 and 2

Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!

This course provides an overview of major works of social thought from the beginning of the modern era through the 1920s. Attention is paid to social and intellectual contexts, conceptual frameworks and methods, and contributions to contemporary social analysis. Writers include Hobbes, Locke, Rousseau, Montesquieu, Adam Smith, Marx, Weber, and Durkheim.

Professor James Stacey Taylor of the College of New Jersey discusses the contributions of philosopher and economist Adam Smith to the Scottish Enlightenment. Smith is best remembered as the father of modern economics, but he also made important contributions to philosophy in his book "The Theory of Moral Sentiments".

This course covers the history of economic thought up until the "Marginal Revolution" in the 1870s and features a video for each chapter of Adam Smith's "The Wealth of Nations." The videos will answer important questions such as: Who were the first economic thinkers? What are the very origins of economic thought? What did earlier economists understand but has been lost to the modern world? Why is Adam Smith the greatest economist of all time? How did the economic issues of the 18th and 19th centuries shape the thoughts of the classical economists?

Basic introduction to what microeconomics and macroeconomics study. A bit on Adam Smith. This video will enforce standard EPF. 1

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition.

By the end of this section, you will be able to:

Analyze arguments against economic approaches to decision-making
Interpret a tradeoff diagram
Contrast normative statements and positive statements

In this Unit, you will learn about:How Individuals Make Choices Based on Their Budget ConstraintThe Production Possibilities Frontier and Social ChoicesConfronting Objections to the Economic Approach

In this chapter, you will learn about:
Macroeconomic Perspectives on Demand and Supply
Building a Model of Aggregate Demand and Aggregate Supply
Shifts in Aggregate Supply
Shifts in Aggregate Demand
How the AD/AS Model Incorporates Growth, Unemployment, and Inflation
Keynes’ Law and Say’s Law in the AD/AS Model

By the end of this section, you will be able to:

Explain Say’s Law and understand why it primarily applies in the long run
Explain Keynes’ Law and understand why it primarily applies in the short run

By the end of this section, you will be able to:Discuss the importance of studying economicsExplain the relationship between production and division of laborEvaluate the significance of scarcity

Adam Smith described self-interest and competition in a market economy as the "invisible hand" that guides the economy. This episode of "The Economic Lowdown" explains these concepts and their importance to our understanding of the economic system.

What is mercantilism? How did economics contribute to rising tensions between the North and the South in the years before the Civil War? What caused the Great Depression? In this video course designed specifically to help students study for the AP US History exam and SAT Subject Test, Professor Brian Domitrovich of Sam Houston State University explains key events in US economic history and surveys different (and sometimes opposing) viewpoints on each event.