This 6 minute video walks students through how to calculate compound interest. It will aid in the mastery of standard EPF. 18 (a)
Learn about the basics of compound interest, with examples of basic compound interest calculations. Created by Sal Khan.
Introduction: Understanding market price fluctuations is difficult for the average consumer as they are not often cognizant of what raw materials are used for various products. The goal of this lesson is to illustrate as many of the economic principles related to mineral commodities as possible and, as the lesson is ideally taught in the context of an earth or environmental science course, to couple these principles with the realities of mineral mining and subsequent processes required to produce a raw material from an ore. The lesson uses copper as an analog for such commodities. While the scope of this lesson is, then, quite unusual for high school students, these concepts are quite necessary to produce a populace who can make educated, socially-responsible, and economically-prudent decisions in both their political and personal lives.
Background: This lesson is ideal for any situation where the goal is to teach earth or environmental science students about the realities of mineral commodities, how they are extracted, and how supply and demand for them work to create that market, produce goods, and affect the environment. In the real world, most of the supply-chain for such products is hidden from the end-use consumer. This is certainly not intentional on the part of governments and corporations, necessarily, but is pretty typical due to the remote nature of most mining operations and the lack of contact that consumers have with various mid-level parts of this supply chain. Typically, the only exposure to mineral commodity prices will occur when this consumer wishes to purchase a product that contains those minerals and whose price is observed to not be consistent over time. Petroleum is a common example of this in our everyday lives, but it is no different than any other. Thus, this lesson focuses on the life cycle of copper, which is a mineral commodity that most of us think little about in our day to day lives yet is just as prevalent and important as other commodities like petroleum.
Connecting income to capital growth and potential inequality. A discussion with Sal Khan.
Introduction to the Investment/Savings curve. Created by Sal Khan.
An interesting case of price elasticity of demand is a demand curve with a constant unit elasticity. Explore what such a demand curve would look like in this video. Created by Sal Khan.
Students learn about McCulloch v. Maryland, a case decided in 1819 over (1) whether the state of Maryland had the right to tax the Second Bank of the United States and (2) whether Congress had violated the Constitution in establishing the Bank. Students also review the expressed powers of Congress identified in the Constitution and analyze how Congress implements the necessary and proper (elastic) clause to enact its expressed powers. Finally, students use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System.
The onset of the COVID-19 pandemic changed consumer spending habits. The January 2021 issue of Page One Economics® reviews how people substituted meals purchased at restaurants with meals cooked at home. Also, people traveled less and the demand for hotel services decreased. As a result, both employment and prices declined in the leisure and hospitality industry.
This video from the Explore Economics series helps kids understand that people are both consumers and producers. Kids learn that consumers buy goods and services to satisfy their wants and that producers make goods and services. Kids are encouraged to be producers by making a bookmark, and then to be consumers by using a bookmark to hold their place in a book. Students learn a song about goods and services.
In this video, we introduce the concept of consumer surplus as the difference between marginal benefit and price paid. Created by Sal Khan.
The basic idea of a consumption function. Created by Sal Khan.
Thinking about a consumption function where taxes are also a function of income (which is more realistic than constant taxes). Created by Sal Khan.
Created by Sal Khan.
Review of the difference uses of the words contango, backwardation, contango theory and theory of normal backwardation. Created by Sal Khan.
What a trader means when they say that a market is in contango. Created by Sal Khan.
Central to our era is the gradual movement of all the world’s regions toward a uniform standard of economic and political development. In this class we will read a variety of recent narratives that partake of, dissent from, or contribute to this story, ranging from novels and poems to World Bank and IMF statements and National Geographic reports. We will seek to understand the many motives and voices – sometimes congruent, sometimes clashing – that are currently engaged in producing accounts of people in the developing world: their hardships, laughter, and courage, and how they help themselves and are helped by outsiders who may or may not have philanthropic motives. Readings will include literature by J. G. Ballard, Jamaica Kincaid, Rohinton Mistry, and John le Carré, as well as policy documents, newspaper and magazine articles, and the Web sites of a variety of trade and development commissions and organizations.
Context Rich Problem on demand shifters and the implications of such a shift.
In this context rich problem, students are asked to analyze the effects of a price ceiling.
Convergence on macro scale, A discussion with Sal Khan.
In this edition, UC Berkeley's Harry Kreisler talks with Laura D'Andrea Tyson, the Class of 1939 Professor of Economics and Business at UC Berkeley. They discuss her research in international economics, her service in the Clinton administration, and the interaction between national economic policy and the international economy. (55 min)