The School of Life
Political Theory - Friedrich Hayek
Friedrich Hayek is known for his theories on the connection between economics and political science—and the way they influence each other. An informative video describes Hayek's political philosophy and his views on the importance of a...
Emergent Order
Deck the Halls with Macro Follies
Does consumer spending really grow the economy? Check out this well-produced, comical and memorable video to consider this question with your young economists.
ACDC Leadership
EconMovies 7: Anchorman (Efficiency and Market Failures)
How can performing cannonballs into a swimming pool help us to understand the concept of marginal analysis and efficiency? Check out this video, using clips from the movie Anchorman and informative instruction, to learn more about...
Macat
An Introduction to Friedrich Hayek's The Road to Serfdom
Friedrich Hayek's 20th century work The Road to Serfdom warns readers against classical socialism and its tendency to stem from good intentions into total tyranny and control. A brief video explains Hayek's points about...
Crash Course
Market Failures, Taxes, and Subsidies
When should the government step in for the greater public good? Watch a video that details what happens when market externalities need some help sorting themselves out, and whether those regulatory steps are beneficial or not.
Crash Course
Markets, Efficiency, and Price Signals
Holiday gift-giving seasons can be lucrative for an individual business, but does a profitable season bode well for the market as a whole? A video from Crash Course Economics discusses how giving gifts to people who are uninterested in...
Crash Course
Economic Schools of Thought
Adam Smith, Karl Marx, and John Maynard Keynes held different beliefs about economic systems that evolved from their predecessors, and then shaped by their countries' economic situations. A video from Crash Course Economics...
Crash Course
Supply and Demand
What do strawberries, gasoline, and human kidneys have in common? Explore the concept of supply and demand, and the varying degrees of demand for particular items in the free market, with an informative video from Crash Course economics.
Crash Course
Economic Systems and Macroeconomics
What works better: a planned economy or a market economy? Join the global debate with a Crash Course video about macroeconomics and the differences between economic systems. With quotes from Adam Smith and Karl Marx guiding...
Emergent Order
Fight of the Century: Keynes vs. Hayek Round Two
In a witty and entertaining video, world-renowned economists John Maynard Keynes and Friedrich Hayek come to life and debate impact of government spending on the economy through the medium of a rap song and metaphor of a boxing match.
Jacob Clifford
Negative Externalities
Explore one of the four market failures and the role of government in negative externalities. In this video, an economics instructor discusses what occurs when costs spillover to someone other than producers and how the government...
Jacob Clifford
Positive Externalities
Watch as an economics instructor guides students through what happens when the free market fails to allocate an efficient quantity. He attempts in 90 seconds or less to discuss the positive externality graph and how a...
Curated OER
How the Federal Reserve Works, Part 1
What is money? Journey back in time to see different forms of money at different points in US history. From trading to the first gold coin to the US dollar, your class will see the evolution of money in early American years. This is part...