Market and Minimum Wage: Econ Concepts in 60 Seconds

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.

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CCSS: Adaptable
Classroom Considerations

  • 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
Pros

  • 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
Cons

  • Speaker moves through content very quickly
Common Core