In part 2 of INET's interview with Ha-Joon Chang, he says that history shows that developing countries need protectionist trade policies to nurture young businesses -- including the United States until World War II

We just learned about the four main economic systems. Now, it's time to dive a little deeper with each of them one at a time. We will start with free markets. Why do people like them? What are the advantages and disadvantages of free...

Hey econ students. This is Jacob Clifford. In this episode of EconMovies, I use Anchorman to explain marginal benefit, marginal cost, efficiency, and externalities.

Nailing down the basics on the political ideology known as Libertarianism.

A summary of social liberalism through the lens of political ideology.

Learn about the concept of negative externalities and how they lead to market failure. Using a graph, the teacher demonstrates the difference between the socially optimal quantity and the quantity produced in a free market. They also...

We are going through the four main economic systems, and we just learned about free markets, so now let's discuss command economies. What are they? What are the advantages and disadvantages? Command economies are not favored by...

A quick overview of what you will cover in the sixth unit of Microeconomics. Virtually all teachers will cover the same topics, but keep in mind that some teachers might teach a few concepts in a different order.

"You didn't build that!" Mr. Clifford expalins the characteristics of public goods and the free rider problem

Now that we know about supply and demand, we are ready to talk about prices, and how they dictate the dynamics of a free market economy. Free markets lead to an efficient distribution of resources, however there are exceptions, such as...

Supply and demand! We've all hear these terms before, and we probably have a pretty solid conception of what they mean. But let's formalize them a bit by looking at the law of demand and the law of supply, as well as the substitution...

We've talked about free market economies and command economies, but the truth of the matter is that nearly every country on Earth utilizes a mixed economy, which blends aspects of each of the aforementioned economy types. Whether talking...

I made this video to give you a quick overview of supply and demand. I cover the law of demand, law of supply, shifters of demand and supply, shortage, surplus, and changes in equilibrium. I go pretty quick so watch the entire video...

After Angus Scott introduces the motion, Tom Bower proposes the motion by arguing that Sky's money has created a monster, and that football is not a free market. The Beautiful Game? You're having a laugh! (1 of 11)

Mr. Beat explains the difference between capitalism, socialism, and communism. Karl Marx was the one who first articulated it, but boy is he misunderstood by many today.