Curated Video
What is Opportunity Cost?
There's an old saying: ‘Time is money’. It's all about Opportunity Cost. It means, if you try to save money by doing something yourself, you may be omitting to think about the value of your time. When you are working on that thing, you...
PBS
Games That Can Teach You About Money!
Since Monopoly came out in the early 20th century, there has been a long tradition of learning about money through games. With the rise of video games, that tradition is more popular than ever!
ACDC Leadership
Microeconomics- Everything You Need to Know
In this video I cover all the concepts for an introductory microeconomics course and AP course. I go super fast so don't take notes. Focus on the big picture ideas, identfy what you still need to practoce, and go back and watch my Unit...
Curated Video
Understanding Shutdown Points for Profit Maximization in the Short and Long Run
This video provides an in-depth explanation of shutdown points in economics, specifically focusing on the difference between short and long run decision making processes. The narrator introduces various economic concepts, such as the...
Economics Explained
Why The Gulf States Need To Keep Building Big Dumb Mega Projects | Economics Explained
Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called...
Curated Video
Opportunity Cost: The Hidden Cost of Everything
This video explains the concept of opportunity cost and how it affects decision-making, using examples such as the cost of going to college and choosing between a career in medicine or helping in a family business.
Curated Video
Human Resources Planning: The Benefits and Challenges
This video is about human resources planning, which is the process of forecasting labor demand, analyzing the current labor supply, and balancing the demand and supply of labor to get the right quality and quantity of people in the right...
Bloomberg
Why Economist John Silvia Opposes Yield-Curve Control
Jun.04 -- John Silvia, founder of Dynamic Economic Strategy, says he doesn't like the Federal Reserve dictating interest rates. He speaks with Bloomberg's Taylor Riggs on "Bloomberg Markets."
Federal Reserve Bank
St. Louis Fed: Opportunity Cost: The Economic Lowdown Podcast Series, Episode 1
Economic Lowdown Podcast [5:42] introduces lessons on three fundamental economic concepts including choice, scarcity and opportunity cost.
The Economics of Seinfeld
Yada Econ: The Economics of Seinfeld: The Barber
Lesson on economics concept of cost-benefit analysis and game theory from a hilarious clip [2:20] from Seinfeld episode in which George must decide whether the benefits outweigh the cost in his strategy to find a job.
The Economics of Seinfeld
The Economics of Seinfeld: The Chinese Restaurant
Video clip [3:42] from season 2 of Seifneld demonstrates the economic concepts of rationing mechanism and opportunity costs when Jerry is willing to pay to be seated at the restaurant.
The Economics of Seinfeld
The Economics of Seinfeld: The Deal
Economics lesson on trade-offs and opportunity costs taught through the hilarity of a Seinfeld episode video clip. [6:22]
Khan Academy
Khan Academy: Monopolies: Review of Revenue and Cost Graphs for a Monopoly
Reviews monopolies and explains graphical representations of monopolies.
Khan Academy
Khan Academy: Consumer and Producer Surplus: Producer Surplus
Examines the supply curve as an opportunity cost curve, and explains that the producer surplus is the area between the supply curve and the market price. [8:20]
Khan Academy
Khan Academy: Production Possibilities Frontier: Increasing Opportunity Cost
Discusses why the opportunity cost may increase as you move from one scenario to another. [6:05]
Khan Academy
Khan Academy: Depreciation and Opportunity Cost of Capital
How to account for things when you own the building instead of renting it.
Khan Academy
Khan Academy: Production Possibilities Frontier
A video discussing the tradeoffs for a hunter and a gatherer in terms of production possibilities on the frontier. Video analyzes the tradeoff in gain of food versus time spent getting that food. [10:58]
Khan Academy
Khan Academy: Opportunity Cost
Opportunity cost is the value of something given up to obtain something else. In this video [5:48], we explore the definition of opportunity cost, how to calculate opportunity cost, and how the PPC illustrates opportunity cost.
Khan Academy
Khan Academy: Optimal Decision Making and Opportunity Costs
A rational agent considers all costs, including explicit and implicit costs, when deciding whether or not to undertake an action. In this video [5:08], learn about how opportunity costs represent the cost of the next best alternative.
Khan Academy
Khan Academy: Opportunity Cost and Comparative Advantage Using an Output Table
In this video [9:55], we use the PPCs for two different countries that each produce two goods in order to create an output table based on the data in the graph. We then use the output table to determine the opportunity costs of producing...
Khan Academy
Khan Academy: Pp Cs for Increasing, Decreasing and Constant Opportunity Cost
The shape of a production possibility curve [PPC] reveals important information about the opportunity cost involved in producing two goods. When the PPC is a straight line, opportunity costs are the same no matter how far you move along...
Khan Academy
Khan Academy: Comparative Advantage Worked Example
In this video [9:48] we work through an example of a question like you might see on an AP microeconomics or AP Macroeconomics exam determining who has comparative advantage in producing a good using data from a table. Topics include how...
Khan Academy
Khan Academy: Economic Profit vs Accounting Profit
Accounting profit is what many people tend to think of when they think profit, but an economist would say that you leave something very important out when you do so: opportunity costs. In this video, explore the difference between a...
Khan Academy
Khan Academy: Depreciation and Opportunity Cost of Capital
This video explains how to account for things when you own the building instead of renting it. [8:09]