This video lecture explains advanced concepts related to production possibility diagrams. It starts by providing a recap of what these diagrams are and the three sections they include. The speaker then introduces the concept of...

EconMovies explain economic concepts through movies. In this episode, I use Disney/Pixar's Monsters Inc. to introduce the production possibilities curve. Good luck studying economics.

Karl Marx and Frederick Engels were philosophers, political theorists, and economists responsible for writing the communist manifesto, which is today probably the most widely recognized text outlining a system for a communal...

This is the arctic: home to a small specialized economic zone that doesn’t technically belong to any established nation on earth.



The North Pole is an interesting economic case study, primarily because of its surprisingly...

What do old watches and used cars have in common? (Hint: Inflation)



Helping you become more knowledgeable about how the world works, our content covers the biggest topics and headlines through the eyes of economists. The...

Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km...

In this video I explain how the production possibilities curve shifts when there is a change in resources or a change in technology. Understanding the general concept will help you understand the idea of economic growth, but keep in mind...

The Macro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...

This is a tutorial video that explains the concept of productive efficiency within the context of an entire economy and at the level of a single firm. The video defines productive efficiency and provides two definitions for it - one for...

Just the Facts: The Emergence of America Uses fascinating historical footage to explore six decades thats shaped Modern America. The series examines the Gilded Age in the late 19th century, the Progressive Era of the early 20th century,...

What were the major causes and effects of the Industrial Revolution? HipHughes dances his way through the Industrial Revolution world history style, laying down tracks anyone can sit their caboose down and ride the train of learning.