Banking 18: Big Picture Discussion

Sal further ponders the meaning of wealth in this video, which explores the values of gold, land, and money. Touching on Adam's Smith's definition of wealth, the presentation discusses the philosophy of utility and what different media of wealth are truly worth in an explanation about inflation.

Concepts

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adam smith, economic growth, inflation

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Additional Tags

adam smith, economic growth, inflation, gold standard, fractional reserve, units of exchange, medium of wealth, math

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Resource Details

Grade

9th - Higher Ed

Subjects

Math

4 more...

Resource Type

Instructional Videos

Media Length

14:08

Audiences

For Teacher Use

1 more...

Instructional Strategy

Flipped Classroom

Accessibility

Closed Captions

Usage Permissions

Creative Commons

BY-NC-SA: 3.0