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Demand
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In the second episode of the Economic Lowdown Video Series, economic education ... More

In the second episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains the concept of demand. Viewers will learn how a change in the price of a good affect the quantity of the good consumers will buy and how changes in market conditions affect the demand for a good. Less

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Subject:
Economics
Material Type:
Video Lectures
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Video Series
Author:
Scott Wolla
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Don't Blame it All On the War!
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Poster showing scales, with "Cost of Production" outweighing "Price to Consumer." Title ... More

Poster showing scales, with "Cost of Production" outweighing "Price to Consumer." Title continues: Do you know that the price of many articles you buy is materially increased by laws which add to production costs, imposing unnecessary or excessive taxation and fomenting discord instead of promoting good will between wage-earners and wage-payers? You complain of high prices, but have you ever done anything to discourage these price-boosting factors? Don't kick at the price kick at the reasons! Issued by the National Industrial Conservation Movement, 30 Church Street, New York City. Copies supplied on request. No. E-2. Less

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Images and Illustrations
Primary Source
Provider:
Library of Congress
Provider Set:
Library of Congress - World War I Posters
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Don't Blame it All On the War!
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Poster showing a mule "Industry" upsetting a cart as it is bothered ... More

Poster showing a mule "Industry" upsetting a cart as it is bothered by flies "Unjust taxation," "Agitation," Waste," "Strife," and "Unfair laws." Title continues: As a consumer has it ever occurred to you there is a close relationship between your pocketbook (household expenses) and industrial conditions? You complain of high prices but have you ever done anything to discourage such price-boosting factors as burdensome laws which impose unnecessary taxes on legitimate American industry and constant waste promoted by destructive agitators? Help to keep prices down by chasing the flies away from industry. Issued by the National Industrial Conservation Movement, 30 Church Street, New York City. Copies supplied on request. No. E-10. Less

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Material Type:
Images and Illustrations
Primary Source
Provider:
Library of Congress
Provider Set:
Library of Congress - World War I Posters
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EconGuy Videos: Complements & Substitutes
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Two things we'd all like to see less of: climate change, and ... More

Two things we'd all like to see less of: climate change, and mass shootings. The direct way to address these would be to make fossil fuels more expensive, and restrict access to guns. But politically, neither of those policies will happen anytime soon. Fortunately, economists have another approach: change the prices of *related* goods. See how lowering the price of solar panels can change the use of coal, and how raising the price of bullets can reduce shootings. Less

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Subject:
Economics
Material Type:
Video Lectures
Author:
Patrick Walsh
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EconGuy Videos: Immigrants and Jobs
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Many people think that immigrants take jobs from Americans. But is that ... More

Many people think that immigrants take jobs from Americans. But is that true? Turns out there isn't a fixed number of jobs to be fought over by Americans and immigrants. Immigrants actually end up creating more jobs for Americans - find out how. Less

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Subject:
Economics
Material Type:
Video Lectures
Provider:
St. Michael's College
Provider Set:
EconGuy Videos
Author:
Patrick Walsh
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EconGuy Videos: Price Controls
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Many people think that using laws to reduce prices will make things ... More

Many people think that using laws to reduce prices will make things easier to buy. Economists know that the opposite will happen: putting price controls on a good makes it harder to obtain. This video looks at examples, from Venezuela to apartments in the U.S. Less

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Subject:
Economics
Material Type:
Video Lectures
Provider:
Patrick Walsh
Provider Set:
Individual Authors
Author:
Patrick Walsh
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EconGuy Videos: Price Gouging
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When sellers raise prices in response to crises, mere mortals call it ... More

When sellers raise prices in response to crises, mere mortals call it "price gouging". Economists call it "arbitrage". Buying low and selling high explains how goods move around in the economy. And preventing prices and arbitrage from working is what caused gasoline shortages after hurricane Sandy. Less

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Subject:
Economics
Material Type:
Video Lectures
Provider:
Patrick Walsh
Provider Set:
Individual Authors
Author:
Patrick Walsh
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Equilibrium
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In the third episode of the Economic Lowdown Video Series, economic education ... More

In the third episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains the concept of equilibrium. Viewers will get a refresher on the laws of supply and demand before they learn about market equilibrium – the point at which there is no shortage or surplus of a good or service. Less

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Material Type:
Video Lectures
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Video Series
Author:
Scott Wolla
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Higher Gasoline Prices: Temporary or Time to Buy a Hybrid?
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Drivers may wonder whether the most recent spike in gasoline prices is ... More

Drivers may wonder whether the most recent spike in gasoline prices is temporary or will be longer lasting. Will prices eventually decline—maybe even to below $3 per gallon? Or is it time for drivers to alter their driving habits, maybe by buying a hybrid car? Be sure to read the September 2012 issue for a discussion of factors that might influence that decision. Less

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Subject:
Economics
Material Type:
Readings
Teaching and Learning Strategies
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics Classroom Edition
Author:
Scott A. Wolla
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Listening, speaking, vocabulary: Guten Tag. Darf ash sein?
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You learn how to order vegetables in a shop and ask how ... More

You learn how to order vegetables in a shop and ask how much they cost. You practice your vocabulary for the names of food products, prices and quantities. Less

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Subject:
Languages
Language, Grammar and Vocabulary
Material Type:
Activities and Labs
Provider:
KlasCement
Provider Set:
KlasCement
Author:
Vlaams Ministerie Van Onderwijs En Vorming
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Making Sense of the Ups and Downs of Prices
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Have you ever heard someone say “Back in my day, a gallon ... More

Have you ever heard someone say “Back in my day, a gallon of gas cost a quarter!” Comparing today’s prices with prices “back in the day” can be misleading. Both inflation and deflation between then and now have to be taken into account. Read the August 2013 issue to learn more about the effects of inflation on prices. Less

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Subject:
Economics
Material Type:
Readings
Teaching and Learning Strategies
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics Classroom Edition
Author:
Erin A. Yetter
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Market Basket
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Students will compare the price of goods from one time period to ... More

Students will compare the price of goods from one time period to another and through discussion and role play interpret the effects of inflation on consumers. They will categorize goods and services according to the eight major groups of the consumer price index and be able to determine the difference between the Consumer Price Index (CPI) and the core CPI. Less

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Subject:
Finance
Material Type:
Images and Illustrations
Lesson Plans
Readings
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Lessons
Author:
Jeannette Bennett
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Market Equilibrium
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The eighth episode of our podcast series answers a crucial economic question: ... More

The eighth episode of our podcast series answers a crucial economic question: Where do prices come from? Listeners discover that supply and demand work together like the two blades of a scissors to determine the market equilibrium – and the prices of the things you buy. Less

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Material Type:
Audio Lectures
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Podcast Series
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Price Signals
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Prices send signals and provide incentives for buyers and sellers in ways ... More

Prices send signals and provide incentives for buyers and sellers in ways you possibly never thought about. In a market economy, price signals prevent massive shortages and ensure that consumer wants are largely satisfied. In this podcast, hear how price signals from gas prices influence decision-making for both a father of three and a production supervisor for an oil refinery. Do you see price signals influencing decisions in your life? Less

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Material Type:
Audio Lectures
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Podcast Series
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Prices: The Marketplace’s Communication System
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Remember when airlines started charging for checked bags? What happened to the ... More

Remember when airlines started charging for checked bags? What happened to the number of checked bags after this added charge? And what happened to the availability of in-cabin storage space on planes? The April 2013 issue answers these questions and discusses the pivotal role price plays in a market economy. Less

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Subject:
Economics
Material Type:
Readings
Teaching and Learning Strategies
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Page One Economics Classroom Edition
Author:
Scott A. Wolla
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Public Finance
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Public Finance rests at the intersection of two disciplines: Public Economics and ... More

Public Finance rests at the intersection of two disciplines: Public Economics and Public Choice. Public Economics deals with issues of social optimality: how much of a good (or bad) does a society desire (or tolerate), and how do we incentivize producers and consumers to attain that amount? Public economics concerns itself with externalities, which are costs that are borne by persons not involved in a market transaction. There are both positive and negative externalities; public economists want to know how we get more of the good and less of the bad. Public choice is the field of economics that looks into the behavior of voters, politicians, and bureaucrats and studies how they choose given different policy institutions. Upon completion of this course, students will be able to: Define public finance terms such as 'public good,' 'free-rider,' 'median voter theorem,' 'externality,' 'pigouvian taxes,' and 'Lindahl tax.' Where appropriate, students will be able to include a graphical representation of these concepts in their definition of these terms; Give examples of different types of taxation; Identify the costs to society related to the imposition of a tax; Understand some simple economic models related to public finance, including the Consumer and Producer Surplus models and the Keynesian aggregate demand model; Graphically describe the effects of taxation on labor supply decisions, at both the individual (micro) and national (macro) levels; Explain the political economy aspects of public finance, particularly as they relate to rent seeking and lobbying, as well as the strategies that can be taken to combat rent-seeking behaviors, as well as other more general government failures; Describe the US taxation and budgeting system and list the most important areas of spending; Discuss current controversies related to taxation and government spending. (Economics 305) Less

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Subject:
Finance
Material Type:
Assessments
Full Course
Readings
Syllabi
Textbooks
Video Lectures
Provider:
The Saylor Foundation
Provider Set:
Saylor Foundation
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Supply
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Economic Education Specialist, Scott Wolla, explains the concept of supply in the ... More

Economic Education Specialist, Scott Wolla, explains the concept of supply in the first episode of the Economic Lowdown Video Series. Students will learn how changes in the price of a good affect the quantity of the goods produced and how changes in market conditions will affect the supply curve. Less

More
Subject:
Economics
Material Type:
Video Lectures
Provider:
Federal Reserve Bank of St. Louis
Provider Set:
Economic Lowdown Video Series
Author:
Scott Wolla
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.)310.1( tcejbus ngised enotspac eht dna )150.1 ,140.1 ,130.1( stcejbus ngised aera ... More

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