The course is intended for people who would like a deeper understanding of the American housing finance system. The focus will be on providing necessary background knowledge rather than on evaluating specific policy proposals. Near the end of the course, participants will be encouraged to bring up policy issues and to discuss them in light of the information presented.
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This video on comparative advantage also discusses absolute advantage. Both are defined and examples are provided. This will aid in the mastery of standard EPF. 9 (a) (b) and (g).
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).
This 8 minute video will discuss the costs and benefits of a monopoly. It focuses on industries that typically have high R&D costs, like the pharmaceutical industry. This video will aid in the mastery of standard EPF. 2 (i)
Why are some countries rich and others poor? This fundamental question has been on the mind of economists since Adam Smith wrote "The Wealth of Nations" in 1776. This is a full course that covers all the major issues and developments in the field of development economics. Unlike typical college courses, we will take you to the frontier of the discipline, covering recent research as well as more established material. This course is non-technical and is accessible to a beginner. If you pass the final exam, you will earn our "Development Economics" certificate on your profile.
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
Economics can explain many of lifes big questions. Problem is, it can sometimes provide multiple, even conflicting, answers. So which answers are the right ones? Theres only one way to find out: Econ Duel! In this fun series from Marginal Revolution University, youll have a chance to hear from leading economic thinkers as they debate the big questions discussed in the news, in our schools, and around the dinner table.
Economic theory must distinguish between publicly owned and privately owned property if it is to account for the effect of institutions on the behavior of individuals. Careful study of the theories of Marxists and the real-world experience in the Soviet economy offer important lessons and insight for economic modeling and the ongoing development of theory. In this course, Marxist/Leninist theory and Soviet reality will be studied with an open mind, and with the goal of taking lessons from the case study.
In the Information Age, media is everywhere. This course will help you make sense of it all, providing insight into the structure of media firms, the nature of their products and how they make money. Is media biased? Is consolidation of media companies bad for consumers? This course will address those questions as well as how the government affects the structure of media through policies such as net neutrality, copyright, TV regulation, and spectrum allocation. This course will provide a general background on the research from economists on media and journalism. There will be a lot of economics and not too much math.
This 13 minute video will demonstrate how the determinants of elasticity affect the demand elasticity of a good or service. This video will aid in the mastery of standard EPF. 3
This 15 minute video will illustrate the elasticity of supply graph and how elasticity of supply is calculated using using determinants. This video will aid students in the mastery of EPF. 3
What's the future of the European Union and the Euro? The Eurozone Crisis is one of the most important issues in the world today. In this three week mini-course, we will cover both the institutions that make up the European Union and the underlying economics that are behind the crisis. We cover what is considered "consensus" knowledge by economists while also adding our own speculations in the mix.
What role does economics play in your day-to-day life? You might be surprised to find that economics is a big part of nearly everything you do! Everyday Economics explores just that how the big ideas from economics relate to everyday topics. The course is viewer-driven you tell us where the course should go.