Curated Video
What are Economic Systems?
Different economic systems have been developed to meet the needs and wants of the citizens of a country or society. These systems have distinct advantages and downsides for producers, consumers, and governments.
Curated Video
International Trade
International Trade analyzes how nations trade with one another to obtain goods and services they themselves cannot produce efficiently.
Let's Tute
Categorizing GST for Accounting Purposes
In this video, the teacher explains the concept of categorizing GST for accounting purposes. They provide examples of intrastate and interstate purchases and sales, and discuss the calculation and accounting of input GST and output GST....
Bill Carmody
Conversion Process in Manufacturing
In this video, Bill Carmody explains the conversion process in manufacturing, highlighting the transformation of raw materials into finished goods or services. He emphasizes the importance of not only the physical resources like rubber,...
Professor Dave Explains
The Four Factors of Production
By now we know about scarcity, resources, goods, and services. So how are scarce resources turned into goods and services? Via the four factors of production! These are land, labor, capital, and entrepreneurship. You may have an idea...
Professor Dave Explains
Specialization and Division of Labor
We've already learned about trade, and this leads nicely into the concept of specialization. This is something that can be done by an individual, a company, or even an entire country, by focusing on a few skills, or the production of a...
Khan Academy
Banking 2: A Bank's Income Statement
Using his example of a growing village bank, Sal (the narrator) explains the ins and outs of the banking business, mainly from the banker's perspective. This point of view can be helpful for people who see the bank as an institution that...
Khan Academy
Banking 1, Money, Banking and Central Banks, Finance and Capital Markets
This video introduces the institution and function of banks in society by walking viewers through the concept of banking with colorful annotations and simplified narration. The lecture evolves naturally into a discussion about interest...
Federal Reserve Bank
Episode 7: Gross Domestic Product
We know that businesses can make a profit and improve their worth, but can a nation do the same? Scholars investigate the Gross Domestic Product in the seventh video lesson of a 10-part economic series. They analyze how a nation creates...
Federal Reserve Bank
Episode 13: Gross Domestic Product (GDP)
Can people take the temperature of the economy to check its overall health? The 13th installment of a 21-part Economic Lowdown podcast series investigates the concept of the gross domestic product (GDP). Scholars research the goods and...
Crash Course
Crash Course Econ #18: Marginal Analysis, Roller Coasters, Elasticity, Van Gogh
Crash Course Economics video teaches us about marginal analysis and elasticity in the U.S. market place. [11:32]
Khan Academy
Khan Academy: Banking and Money: Banking 1
Video lecture provides an introduction to how banks make money and the value they (potentially) add to society. [11:48]