Curated Video
Demerit Goods and Market Failure: Evaluating Externalities and Imperfect Information
This video is an educational tutorial about the microeconomic concept of demerit goods. It explains how demerit goods are over-consumed due to a divergence between the marginal private benefit curve and the marginal social benefit curve...
Kult America
PEWEX - This Was PRL
During PRL, Pewex was a symbol of exclusivity and luxury. It was probably the only place in Poland where you could buy foreign clothes, toys and cosmetics and the only one to accept american dollars. On today's episode of Kult America we...
The Business Professor
Priority of Security Interests in Fixtures vs Mortgage Holder
Priority of Security Interests in Fixtures vs Mortgage Holder
Curated Video
Causes of Demand Curve Shifts
This video lecture explains what causes the demand curve to shift in economics. The speaker introduces key terms related to the demand curve and explains the concepts of substitute goods and complementary goods. They then outline five...
Curated Video
Understanding Inflation: Key Terms and Their Impact on Economic Behavior
This video introduces the concept of inflation and its impact on economic behavior. He defines key terms such as inflation, deflation, price level, and consumer price index, and explains how they are related to each other. He also...
The Business Professor
Standard Product Costs
Standard costs are used to estimate what will be the Cost of Goods Sold or COGS.
The Business Professor
Convention on Contacts for the International Sale of Goods
What are the rules applicable to international contracts? The answer depends upon the rules adopted by the parties to the contract. A popular set of model rules is the Convention on Contracts for the International Sale of Goods or CISG?...
Economics Explained
Can Saving Too Much Money Cause a Recession?: Side Effects of Saving
People are told from the time they get their first job to save money. Save for a car, have an emergency fund, send your kids to college, a house deposit, oh and not to mention retirement (if that is still a thing). There are a million...
Economics Explained
The Economics of Brexit: Brexit
Brexit has shaken things up not only inside Britain but outside as well in the EU. What were the causes that led to this separation and how does it affect the economy moving forward? Helping you become more knowledgeable about how the...
Economics Explained
Is Hyperinflation Coming?: What Is Inflation?
Inflation is something we more or less take for granted these days. The idea that 5 dollars today is not going to be able to buy 5 dollars worth of stuff in the future, and the fact that you used to be able to buy a family home for 10...
ACDC Leadership
Comparative Advantage and Trade - Macro Topic 1.3 (Micro Topic 1.4)
This topic is somehow ridiculously simple and ridiculously complex. The simple part is understanding that trade is mutually beneficial. The complex part is calculating per unit opportunity cost and determining how individuals, business,...
Jabzy
Watchmen - Stuff That I Find Interesting
In this video, Jabzy brings us historical tidbits and unknown facts about the Watchmen
The Business Professor
Exceptions to the Rule of Present Consideration in Contract Law
This video explains the two notable exceptions to the rule that a contract must have present consideration to be enforceable: 1) an option contract and 2)applies to merchants selling goods under the Uniform Commercial Code (UC).
Economics Explained
Is Hyperinflation Coming?: Is Inflation Good or Bad
Inflation is something we more or less take for granted these days. The idea that 5 dollars today is not going to be able to buy 5 dollars worth of stuff in the future, and the fact that you used to be able to buy a family home for 10...
Economics Explained
How To Fix An Economic Crisis: Interest Rates
Let's say you find yourself as the Head of State of some country during an impending economic crash. Your country's stock market is imploding, businesses are closing, unemployment is rising, and everyone is looking to you to provide...
Professor Dave Explains
Changes in Supply and Demand
We just learned about supply and demand. But how do these change over time? To answer this we must learn about elasticity. For elasticity of supply we must learn about input costs as well as supply determinants like subsidies and excise...
The March of Time
1946: AMERICAN ZONE, GERMANY: EXPORT SHOW: Export Show banner. People walking around outside exhibits. Boy driving small diesel open locomotive on track. Large crowd outside. People walking by Bavarian beer sign. People looking at dry goods, cloth.
MOT 1946: AMERICAN ZONE, GERMANY: EXPORT SHOW: Export Show banner. People walking around outside exhibits. Boy driving small diesel open locomotive on track. Large crowd outside. People walking by Bavarian beer sign. People looking at...
The Business Professor
Product Costing - Impact of Work-in-Progress Inventories
Work in progress inventory moves from the balance sheet to the income statement. It impacts product costing as a Cost of Good Sold.
The Business Professor
Dealing with International Contracts
Products that a manufactured and sold in different nations are subject to international agreement. This video explains what are International Contracts and how do they work. Also, this video explains what are the important considerations...
Curated Video
Introduction to Cross Elasticity of Demand and Classification of Substitute and Complementary Goods
This video introduces the concept of cross elasticity of demand, which is the measure of how changes in the market for one product can have an impact on the market for a different product. The video explains how economists use cross...
Jabzy
The Great Silk Heist - Stuff That I Find Interesting
In this video, Jabzy brings us historical tidbits and unknown facts about The Great Silk Heist
Curated Video
Currency Depreciation and Devaluation: Correcting Trade Deficits
In this video, Peter Jordan discusses the correction of trade deficits, focusing on currency depreciations and devaluations. He explains the differences between the two and how they work in a floating exchange rate system. He also covers...
Economics Explained
How The Suez Crisis Might Give Rise To A New Industry: Pay For This Mess
How is the Suez Canal disaster going to impact the already struggling shipping industry? Who is actually going to end up paying the 400 million dollars an hour that this debacle was reported to cost? And how might all of this help...
TLDR News
No Deal Brexit Now Inevitable? Brexit Negotiations Continue to Stall (August 2020) - TLDR News
As Brexit negotiations between the UK and EU continue to splutter on, some are beginning to question whether this is a lost cause - whether there's any hope that the two sides could reach an agreement. That's largely because there are...