Americans make up around four percent of the world population and yet they control over 25% of the world’s wealth. If that wealth were shared evenly across the globe, couldn’t we solve the problem of global poverty overnight? In this video, Professor Matt Zwolinski of the University of San Diego explores how best to end poverty for good.

This 7 minute video will explain how comparative advantage works when workers specialize and rearranging what / who produces to increase trade. This video will aid in the mastery of EPF. 9 (a) (b) and (g).

Why are rich countries rich? Why are poor countries poor? Most people think it's because of natural resources. They're wrong - economists know it's because of incentives. See what bridge collapses and the Korean peninsula can teach us about why some economies grow and others stagnate.

Can the government actually increase tax revenues by cutting tax rates? A lot of politicians - and even some economists - seem to think so. The idea is that the tax cut will spur so much economic growth that tax revenues increase despite the lower rate. It's an idea known to economists as the Laffer Curve. But is that true? EconGuy looks at the numbers, and then at recent U.S. experience with tax cuts, tax increases, and revenues.

This class analyzes the theoretical and historical reasons why governments in latecomer countries have intervened with a wide array of policies to foster industrial development at various turning points: the initiation of industrial activity; the diversification of the industrial base; the restructuring of major industrial institutions; and the entry into high-technology sectors.

The economic growth of developing countries requires the acquisition of technological capabilities. In countries at the world technological frontier, such capabilities refer to cutting edge skills to innovate entirely new products. In developing countries, the requisite technological capabilities are broader, and include production engineering, project execution and incremental innovation to make borrowed technology work. Theories of technology acquisition are examined. The empirical evidence is taken from two sets of developing countries; the most advanced (Taiwan, Korea, India, China and Brazil) and the least advanced (Africa and Middle Eastern countries).

Have you encountered mobile payment systems like mobile credit card readers? Pretty cool—and this kind of innovation can be good for the economy. From micro to macro, in this episode of The Economic Lowdown podcast series, we'll take a look at economic growth—how innovation and technological progress can make things happen for the economy over time by organizing the factors of production to be, well, more productive.

This half semester class will present an introduction to macroeconomic modeling, particularly economic growth. It will focus both on models of economic growth and their empirical applications, and try to shed light on the mechanics of economic growth, technological change and sources of income and growth differences across countries.

This course provides an introduction to the field of comparative politics. Readings include both classic and recent materials. Discussions include research design and research methods, in addition to topics such as political culture, social cleavages, the state, and democratic institutions. The emphasis on each issue depends in part on the interests of the students.

GDP data are among the most important economic data available for measuring economic growth, but measuring the output of a large, dynamic economy is a complex task. In this podcast, hear what GDP measures, how it is calculated, how it is useful in determining whether and how quickly the economy is growing, and how GDP can be used as indicator of standard of living.

A truly inter-disciplinary course, Housing and Land Use in Rapidly Urbanizing Regions reviews how law, economics, sociology, political science, and planning conceptualize urban land and property rights and uses cases to discuss what these different lenses illuminate and obscure. It also looks at how the social sciences might be informed by how design, cartography, and visual studies conceptualize space's physicality. This year's topics include land trusts for affordable housing, mixed-use in public space, and critical cartography.

The Foundation for Teaching Economics is pleased to make available to teachers the content outlines, classroom activities, and teacher materials (demonstration videos and lecture presentations) for each of our residential, one-day, and online curricula. Each curriculum topic link on the left connects you to an overview and table of contents. From there, you may: browse the lessons as web pages; access download links for lessons as editable word documents; use live source links to update statistical data; print instructions and student handouts for classroom activities; and, review and prepare for your classroom by reviewing activity videos and powerpoint lectures.

This course focuses on science and technology policy—it will examine the science and technology innovation system, including case studies on energy, computing, advanced manufacturing, and health sectors, with an emphasis on public policy and the federal government's role in that system.

In segment 2 of the 3 part series on the Production Possibilities Frontier, this 5 minute video provides information on the factors of production, scarcity, opportunity cost and productivity. It will aid in mastery of standard EPF. 1 (a) and (d).

This resource is a video abstract of a research paper created by Research Square on behalf of its authors. It provides a synopsis that's easy to understand, and can be used to introduce the topics it covers to students, researchers, and the general public. The video's transcript is also provided in full, with a portion provided below for preview:

"For thousands of years, the Nile has provided bountiful gifts to the people who make their home around its banks, offering food, a means of transport, irrigation, and fertile soil. But there is a limit to how much the Nile can give. Already in the 1970s, Egypt began fully utilizing the available resources of the Nile. Any additional demand has been met virtually, through imports of food. Now, research suggests that within the next decade, Egypt is poised to import as much “virtual water” as it receives from the Nile. In a new study from MIT, researchers compiled water and crop data for Egypt spanning the past 60 years. That gave them one of the most detailed looks at modern water use ever produced for the country, and helped them understand Egypt’s trade in “virtual water”. Virtual water refers to the hidden flow of water in food and commodities. For example, it takes about 1100 tons of water to produce one ton of maize in Egypt..."

The rest of the transcript, along with a link to the research itself, is available on the resource itself.

The growth of Chinese and Indian economies is improving their well being, but at a very high environmental cost. Widespread air pollution and greenhouse gases are having a range of complex effects on both regional and global climate. Join Scripps Oceanography atmospheric science researcher V. Ramanathan as he explains that while science can offer practical solutions, the effectiveness of these strategies will hinge on global cooperation and immediate implementation. (54 minutes)

Political Economy I explores the major social science paradigms for analyzing relations among state, economy, and society. Through readings, lectures and discussion of original texts in political liberalism and individualism, neo-classical economics, Marxism, sociological and cultural theories, and neo-institutionalism, the seminar examines the fundamental assumptions on which our understanding of the social world and our research are based.

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:

Explain the various functions of money
Contrast commodity money and fiat money