Learn about how firms determine the optimal combination of capital and labor in this video.
A real-world example of the concepts behind the AD-AS model is the oil shocks the United States experienced in the late 1970s. In this video, we break down some of the events going on at the time and use the AD-AS model to see if our predictions using this model match what really happened. Created by Sal Khan.
A real-world example of the concepts behind the AD-AS model is the oil shocks the United States experienced in the late 1970s. In this video, we break down some of the events going on at the time and use the AD-AS model to see if our predictions using this model match what really happened. Created by Sal Khan.
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)
“There’s no such thing as a free lunch.” Maybe you’ve heard that before. Or you’ve even said it. If so, you probably know it means that everything has a cost. Businesses are especially aware of costs because costs affect profits, and without profits a business might not survive. This episode of The Economic Lowdown podcast series describes how businesses consider costs when making decisions – including about whether to shut down.
It is widely accepted within the study of history that cotton played a crucial role in the United States in the eighteenth and nineteenth centuries. This lesson allows students to understand the specific causes and consequences of the dramatic increase of cotton production in southern states and its influence on the emergence of the nation’s first major manufacturing industry—textile production. Students will read both primary and secondary sources detailing the growth of both northern industrialization and southern cotton expansion. Additionally, students will develop data literacy skills using FRED® (Federal Reserve Economic Data) and other statistical information to analyze the development of the two regions further. Finally, students complete the lesson by responding to an AP U.S. history exam short-answer, three-part question.
Working in small groups, students determine how 18 items are included in GDP (or if they are excluded.) Cards turned over one at a time encourage participation by all group members.
In this lesson, students practice counting as the book Counting with Common Cents is read. As they count pennies, nickels, and dimes, they place those coins on the appropriate spot on a handout, indicating how many pennies are equal to a nickel and a dime. They discuss saving their pennies and draw a picture of an item they would like to buy. In an optional activity, they draw pictures or write notes indicating chores they would do to earn 10 pennies.
Database of a series of statistical indicators, primarily economic, but also social and educational, on each OECD countries. Can be viewed either online or downloaded as excel files. The excel downloads also allow for graphical comparisons with other OECD countries.
In which Jacob Clifford and Adriene Hill introduce you to Crash Course Economics! CC Econ is a new course from the Crash Course team. We look forward to teaching you all about the so-called dismal science.
Spreadsheets Across the Curriculum module. Students track their expenses and use Excel to compare them to Seattle/Tacoma averages. Developed for adult students taking English as a Second Language.
This lesson demonstrates how easy it is to create a binary FRED map. Students search for state-level data on average weekly earnings and visualize them in FRED. The goals are for students to customize a map, observe patterns in mapped data, and note differences across geographical areas.
Credit bureaus have evolved into big businesses. The December 2017 issue of Page One Economics: Focus on Finance addresses the growth of credit bureaus and how the credit reports they maintain affect both creditors and borrowers.
With record-level credit card debt in the headlines, this December 2023 issue of Focus on Finance addresses credit card history, statistics, and usage, as well as reasons for the increase in credit card debt. The information in the article can help in managing credit card accounts, and students will better understand the economics of using revolving credit as they prepare to become cardholders!
This lesson will provide high school students with information about how a credit card works, and understand what information determines a personal credit score.
Credit can be a powerful tool in your financial toolbox if you understand how to use it wisely. In this course, you'll learn about different types of credit and the costs associated with using credit. You'll learn the importance of building strong credit by borrowing wisely and paying promptly, arranging credit for making major purchases like a car or home, avoiding common credit mistakes, and monitoring your own credit. You'll also learn about credit reports, your credit score, and steps you can—and should—take to build your own credit cred!
In this lesson, students first learn how credit history and credit scores are determined. Then, to better understand the protections of the Equal Credit Opportunities Act, they participate in a card-sorting activity where they evaluate creditworthiness based on borrower characteristics, determine which characteristics may be legally considered, and sort the applicants from most likely to least likely to get a loan. Next, they examine a primary source document to see how information that can be legally used to evaluate credit changed with the act. In an optional extension activity, students sort cards again to match primary borrowers with cosigners. They then learn about the pros and cons of cosigning.
Hardly a day goes by where data breaches and identity fraud don't make the headlines. In such a world, you may find yourself researching credit monitoring services.
Introduction to credit default swaps. Created by Sal Khan.
Systemic risks of credit default swaps. Financial weapons of mass destruction. Created by Sal Khan.