A core concept we must discuss if we are to understand economics is scarcity. Our wants and needs are endless, but the things we want and need are necessarily finite in nature. Therefore, we can say that these things are scarce. They run...

The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...

One of the most important processes in science is the art of observing. This video highlights different ways observations are made, emphasizing methods by which students can observe their world. Different types of data, how data is...

The video discusses the economic problem, which is the challenge of satisfying humans' unlimited wants and needs with limited resources. The four main categories of economic resources; labor, land, capital, and entrepreneurship, are...

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class.

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching.

In this video, the speaker discusses the long run aggregate supply curve and its differences from the short run curve. He also explains the concept of full employment and how it is related to the capacity of the economy, and how changes...

*Note* At 25:48, the signs are reversed. I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal...

The Macro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...

This show explores the fascinating features of the universe, the different types of galaxies in our solar system and the position of our solar system in the Milky Way Galaxy. Other terminology includes: constellations, spiral galaxy,...