This video will explain the case for protectionism. This 14 minute video will enforce standards EPF. 9 and particularly EPF. 9 (e).

Economics is built on the premise that humans act rationally, but everyone behaves irrationally some of the time. Is it possible that human irrationality nullifies economic theory? Join Professor Antony Davies of Duquesne University and Erika Davies of George Mason University as they take you on a crash course of behavioral economics, discussing topics like rational choice, heuristics, nudging, and public choice economics.

This video is 8 minutes long. It will explain the importance of specialization in regards to trade. This video will aid in the mastery of standard EPF. 9 (a) and (g)

This collection uses primary sources to explore the motivations and realities behind life in the American colonies. Digital Public Library of America Primary Source Sets are designed to help students develop their critical thinking skills and draw diverse material from libraries, archives, and museums across the United States. Each set includes an overview, ten to fifteen primary sources, links to related resources, and a teaching guide. These sets were created and reviewed by the teachers on the DPLA's Education Advisory Committee.

The United States experienced extensive economic and geographical expansion during the 1840s, as the spirit of Manifest Destiny drove Americans west across the North American continent to exert their influence over new places and peoples. Influenced by this expansionary philosophy, political leaders sought to expand American trade relationships worldwide. One of the first targets of this campaign was to open diplomatic and trade relations with isolationist Japan, which had been closed to western traders for centuries. In 1852, President Millard Fillmore ordered Commodore Matthew C. Perry to lead an expedition to secure Japanese trade and access to Japan’s ports for American ships.

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 series of slides presents the production possibilities frontiers for Alphatown and Omegaville and illustrates their comparative advantage in the production of apples and potatoes, leading to specialization and trade.

In the Comparative Advantage courses, students meet Jack Of All Trades, a most awesome superhero. In all tasks, Jack can do everything better and faster (he has absolute advantage), but does that mean he must do everything while the rest of the people stand around helplessly? Find out if justice is served when a formerly idle citizen, Andy, wades through the depths of opportunity cost and the benefits of comparative advantage.

This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and banks and credit market institutions in emerging markets.
At MIT, this course was team taught by Prof. Robert Townsend, who taught for the first half of the semester, and Prof. Abhijit Banerjee, who taught during the second half. On OCW we are only including materials associated with sessions one through 13, which comprise the first half of the class.

Is international trade good for Americans? The November 2017 issue of Page One Economics provides the ins and outs of trade, including some history, the costs and benefits, and policy choices.

This online lesson provides Native perspectives, images, documents, and other sources to help students and teachers understand how the 17th century fur trade brought together two cultures, one Native and the other Dutch, with different values and ideas about exchange. Examine these differences to determine whether the exchange that took place on Manhattan in 1626 was really a land sale or not.

This half semester class will present an introduction to macroeconomic modeling, particularly economic growth. It will focus both on models of economic growth and their empirical applications, and try to shed light on the mechanics of economic growth, technological change and sources of income and growth differences across countries.

Looking for engaging content for your economics courses? The Institute for Humane Studies has curated this collection of educational resources to help economics professors enrich their curriculum. Find videos, interactive games, reading lists, and more on everything from opportunity costs to trade policy. This collection is updated frequently with new content, so watch this space!

This half-semester course studies the economics of the principal markets related to marine transportation, environment, and natural resources. Topics include structures of the markets and industries involved; competition; impacts of policies and regulations. The course analyzes the relationship among industries, markets, technologies, and national policies, and introduces the concepts of national income accounts, sustainability, and intergenerational equity and their relationship to current economic practice.

Data set and map pertaining to energy production for all countries. The World Bank specifies energy production as a World Development Indicator (WDI) -- the statistical benchmark that helps measure the progress of development.

Shakespeare “doth bestride the narrow world” of the English Renaissance “like a colossus,” leaving his contemporaries “walk under his large legs and peep about” to find themselves in “dishonourable graves.” This course aims in part to correct this grave injustice by surveying the extraordinary output of playwrights whose names have largely been eclipsed by their more luminous compatriot: Marlowe, Jonson, Webster, and Ford, among others. Reading Shakespeare as just one of a group of practitioners – many of whom were more popular than him during and even after his remarkable career – will restore, I hope, a sense not just of the richness of English Renaissance drama, but also that of the historical and cultural moment of the English Renaissance itself. This course will examine the relationship between theatre and society through the lens of the drama produced in response to these changes. However, we will not try to map the progress of drama directly onto the social world, as if the former can simply read off the latter. Rather, focusing on discrete issues and problems, we will try to understand the ways in which a particular text not only reflects but responds to and shapes aspects of the culture from which it derives, developing an aesthetic that actively engages its world. The topics addressed over the course of the semester will be wide-ranging but will include: gender and class dynamics in Renaissance society; money, trade, and colonialism; the body as metaphor and theatrical “object”; allegory and aesthetic form; theatricality and meta-theatricality; the private and the public.

Modernization is an important issue in the New York State Global History and Geography curriculum. Students are expected to understand how modernization may impact such areas as society, politics, the economy, and the environment. In the Global History and Geography curriculum, a study of historical examples of modernization includes examples of attempts to transform society, such as the Meiji Restoration or Kemal Ataturk. In this lesson, two PBS WIDE ANGLE documentaries -- "To Have and Have Not" (2002) and "1-800-INDIA" (2005) -- will enable students to examine the effects of modernization on two Asian countries: China and India.

According to Professor Bryan Caplan of George Mason University, many people suffer from "anti-foreign bias", believing that countries should prioritize goods made within their own borders and limit immigration to preserve jobs for citizens. In this video, Professor Caplan explains how trade and immigration actually increase wealth for everyone.

This 9 minute video will aid student mastery being able to compare the number of sellers and types of goods / services in oligopolies and monopolistic competition markets. This video will aid in mastery of standard EPF. 2 (h) and (i)

Students learn that money is a medium of exchange that facilitates economic activity. Next, students learn the relationship between the money supply and inflation by participating in an inflation auction using gold and silver notes to better understand the historic debate of the Free Silver Movement. Students then read William Jennings Bryan's "Cross of Gold" speech to relate the historical context. The students use historical data to calculate income, fixed expenses, and variable expenses of a farmer to further understand the historical argument presented by the Free Silver Movement. Finally, students analyze two political cartoons against the Free Silver Movement. This lesson includes primary source documents obtained from FRASER¨.