This video provides an explanation of what deflation is and the consequences that come with it, which includes a reduction in real output, consumption, and investment. The speaker uses Japan as an example of an economy that has suffered...

The video discusses the role of prices in a market economy and how they serve three main functions: rationing goods, providing incentives to economic agents, and signaling the state of a market. It explains how the price mechanism works...

This video explains the concept and types of inflation. The video then discusses two main classifications of inflation, namely demand pull inflation and cost push inflation. It provides examples of what causes each type of inflation and...

Imagine a world in which electricity was free. Heating and powering homes for nothing would bring obvious benefits, but there would be downsides too.

The video is about the benefits and costs of inflation. The speaker talks about the different impacts of rising and steady inflation on consumption and production, real wage costs, and debt burdens. He also explains some of the costs of...

Brian Arthur, External Professor at the Santa Fe Institute, speaking as part of the panel Exploring Complexity in Economic Theory at INET's Bretton Woods Conference on April 10, 2011.<br/>

When you flip a coin, you expect heads and tails to show up with a 50% chance each. But what if all you knew was that heads and tails each have a chance of at least 25%? That's how Scott Condie captures Knightian uncertainty in asset...

This video is a lecture presentation that discusses why new business ideas come about. The speaker talks about the importance of businesses reacting to changes, including changes in consumer tastes and preferences, technological...

This video explains how businesses can maintain their competitiveness with other firms in the market on a day-to-day basis by improving their operational performance. The video focuses on three types of operational data that businesses...

In part 1 of INET's interview with Lance Taylor, he discusses his book "Maynard's Revenge," which demonstrates that Keynes' insights have never been truer than today<br/>

In this video, the speaker explains the concept of short run aggregate supply curve (SRS curve), which represents the aggregate supply of all goods and services produced within an economy over the short run.

What is Antitrust Law?

This week on Blockchain Central: we’ll take a closer look at EOS, a fundamentally new cryptocurrency, that is more centralised than the other ones, but still has a lot of potential to become a strong rival on the market.

Mr. Clifford explains the Long Run Aggregate Supply Curve (LRAS) and the relationship between price level and output in the long run.

In this video, the teacher explains how to choose the appropriate graph to represent data by analyzing its advantages and considering the specific data set. They discuss the advantages of dot plots, histograms, and box plots, and...

Why do drug prices rises? Are pharmaceutical companies ripping people off? Drug price gouging has been all over the media this week. This is Healthcare Triage News.

Imagine if heating and powering homes became free in the next decade. What would that mean for the world?

As major purchasers of health care for their workers, employers carry a large burden of health care costs. How are big companies wielding their influence to lower costs and improve quality?

Alex Evans is the head of the Resource Scarcity, Climate Change and Multilateralism program at New York University, and a speaker at INET's Bretton Woods Conference on April 10, 2011.<br/>

This week on Blockchain Central: we will explain how prediction markets work and how blockchain can help them come true. __ 'Blockchain Central' is your #1 trusted source for everything crypto. Our host Blue will guide you through...

This video discusses the functions and evolution of money in a modern economy. The host explains the three key functions of money, which are medium of exchange, store of value, and unit of account. They also describe the characteristics...

This video is about the central limit theorem - one of the most important statistical concepts.
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This clip is from the chapter "Inferential Statistics Fundamentals" of the series "Statistics for Data Science and Business...

My 60ish second explanation of how to identify the elastic and inelastic range of the demand curve for a monopoly. When MR is positive the demand is elastic and when it is negative the demand is inelastic. If you don't remember the total...

The video is a lecture on market equilibrium in economics. The speaker explains how to construct demand supply diagrams and defines market equilibrium as the state where demand equals supply, leading to a stable system. The speaker also...