This Market and Minimum Wage: Econ Concepts in 60 Seconds video also includes:
Watch this savvy economics instructor as he explains the direct and inverse relationships between wages and the quantity of workers demanded and supplied in a resource market.
11 Views 3 Downloads CCSS: Adaptable
- Before beginning video, learners should understand the concept of a resource market and how individuals act as the suppliers of firms
- More appropriate for an advanced placement class
- Speaker illustrates concept by drawing on a whiteboard as he explains
- Also discusses minimum wage and how it is reflected on a graph in relation to equilibrium
- Speaker moves through content very quickly