Elasticities can be calculated for more than just price elasticity of supply or price elasticity of demand. For example, income elasticity of demand as a measure of how quantity demanded changes in response to income.
John Dickerson shares his views about the importance of the Supreme Court today, when it makes more decisions that affect Americans' lives than ever. John Dickerson is co-host of CBS This Morning. He was previously CBS News' Chief Washington Correspondent, Political Director and anchor of Face The Nation. Dickerson is also a contributor to Slate's Political Gabfest and to The Atlantic. During the 2016 presidential campaign, Dickerson moderated CBS News' two presidential debates. Prior to CBS, Dickerson was Slate Magazine's Chief Political correspondent and covered politics for twelve years for Time magazine.
When there are increasing opportunity costs, the shape of the production possibilities curve (PPC) is bowed out. Learn more about how the shape of the PPC, which is sometimes also called the production possibilities frontier curve (PPF), depends on opportunity cost in this video. Created by Sal Khan.
"A compromise is a little something to make both sides angry." Kim and Sal talk about increased tensions between slave and free states as new territory is added after Mexican-American War and from Compromise of 1850 (especially the Fugitive Slave Act).
Anti-colonial independence movement in places like India, Algeria, Nigeria gain momentum and prove successful in the 20th Century, especially after the end of World War II. The non-alignment movement.
We can graph how we value tradeoffs between two goods. Created by Sal Khan.
Sal determines the current and EMF induced in a wire pulled through a magnetic field. Created by Sal Khan.
The Indus River Valley (or Harappan) civilization lasted for 2,000 years, and extended from what is today northeast Afghanistan to Pakistan and northwest India. Sal explores the history of this civilization, its technological innovations, its art, its architectural practices, and its agriculture.
Thinking about how the Industrial Revolution(s) and capitalism helped catalyze far-flung imperialism during the 1800s.
The concepts of normal goods and inferior goods can be tricky, and the definitions can be somewhat subjective as well. In this video, we take a deeper look at these kinds of goods. Created by Sal Khan.
Is the stimulus large enough to offset the demand shock caused by the contraction in credit? Will it lead to inflation? Created by Sal Khan.
Looking at actual sequential and year-over-year inflation data. Created by Sal Khan.
Looking at actual sequential and year-over-year inflation data. Created by Sal Khan.
nflation is associated with an increase in output driven by an increase in aggregate demand, but an overlooked aspect of inflation is the role of capacity utilization. In this video we explore some patters associated with capacity utilization, inflation, and deflation. Created by Sal Khan.
The role of capacity utilization and the potential for deflation is explored in more depth. Created by Sal Khan.
Gain a better understanding of what inflation is, including the definition of inflation. Created by Sal Khan.
The beginnings of Nazism. Created by Sal Khan
In this video, we take a slightly different approach to determining comparative advantage because we are given data in a slightly different way. Rather than knowing how much of two goods can be produced in a day, we know how much of a resources (in this case labor) is needed to produce one unit of a good.
The institutions involved in processing your credit credit and how they relate to each other. Created by Sal Khan.
Definite integral of the product of cosines. The integral of cos(mt) * cos(nt) = 0, except for the special case when m = n. When m = n, the integral evaluates to pi. Created by Sal Khan.