We've learned in previous lessons that a price control decreases quantity and …
We've learned in previous lessons that a price control decreases quantity and efficiency, but is that always the case? Learn about the surprising effect of a minimum wage on a monopsonistic labor market in this video.
In this video we expand our analysis of the prisoners' dilemma to …
In this video we expand our analysis of the prisoners' dilemma to better understand the concept and definition of a Nash Equilibrium. Created by Sal Khan.
If you make some cloth and someone uses that cloth to produce …
If you make some cloth and someone uses that cloth to produce something else, how does that show up in the calculation of GDP? In this video, learn how GDP deals with intermediate goods. Created by Sal Khan.
In this video we explore the different types of interest rates you …
In this video we explore the different types of interest rates you might encounter. Topics include the difference between fixed rate mortgages, adjustable rate mortgages, and hybrids such as 5/1 loans. Created by Sal Khan.
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