This 4 minute video will define term life insurance, who should purchase and why it is cheaper than a whole life insurance policy. This video will aid in the mastery of standard EPF. 14
Material Type: Lecture
This 8 minute video will explain the principles of Keynesian Economic Theory and the economist who came up with the idea, John Maynard Keynes. This video will enforce standard EPF. 5 (d)
Material Type: Lecture
In this video, Professor Art Carden of Samford University simplifies the laws of supply and demand into short haikus.
Material Type: Lesson
In this 4 minute video, unemployment will be defined for students. This video will aid in the mastery of standard EPF. 5
Material Type: Lecture
This video is 9 minutes long and will aid students in understanding what price discrimination is why / when it happens within a society. This video will enforce the standard EPF. 10
Material Type: Lecture
Materials developed under a grant from the Michigan Dept of Education. The MI Open Book Project is a multi-year initiative funded as part of the Technology Readiness Infrastructure Grant (TRIG) which will empower groups of master teachers to come together, collaborate, and develop a open education resource for use in classrooms around Michigan. Full textbooks. All books will run on iOS, OSX, Andriod, Windows, and Chrome.
Material Type: Lesson, Textbook
This 5 minute video will teach students the benefits of compound interest. This video will aid in the mastery of standard EPF.18 (a)
Material Type: Lecture
In this 6 minute video, a scenario is presented to students who act as members of the FED and must make decisions related to monetary policy. A scenario is presented and then outcome impacts are discussed. This video will aid in the mastery of standard EPF. 4 and 7
Material Type: Lecture
This 1 minute video will define what a mutual fund is and will aid students in standard EPF. 18
Material Type: Lecture
Paradoxically, while natural disasters clearly destroy wealth, they also seem to create wealth and employment when the damages are repaired. But 19th century French economist Frédéric Bastiat argued that this idea is a fallacy and fails to take opportunity costs into account. In this video, philosophy professor Dan Russell of the University of Arizona defines opportunity costs and explains the importance of Bastiat’s realization on contemporary economics.
Material Type: Lesson
This 3 minute video will explain price ceilings and their effect on an economy. This video will aid in the mastery of standard EPF. 3 (d)
Material Type: Lecture
This video will explain the classic price ceiling example of rent controls and how shortages are created from a price ceiling. This video will aid in the understanding of how price ceilings create shortages and enforces standard EPF. 3 (d)
Material Type: Lecture
This video is 3 minutes long and will enforce the understanding of the role government plays in a command economy. This video will enforce the standards EPF. 1 (e)
Material Type: Lecture
This 9 minute video will aid students in understanding how minimum wage attempts to create economic equity but will create a surplus of labor. This video will aid in the mastery of standards EPF. 3 (d) and 10 (b)
Material Type: Lecture
This 9 minute video will explain the example of how price floors create a surplus using minimum wage as the example. This video will aid in the mastery of EPF. 3 (d)
Material Type: Lecture
In this lecture, Professor Howie Baetjer of Towson University explains how the market process generates improvements in the human condition, highlighting how profit and loss serve to help people channel their activities in creative and socially useful directions.
Material Type: Lesson
Governments don’t work the way most people think they do. In this lecture, Professor Antony Davies of Duquesne University explains public choice theory, a branch of economics that explores how voters, politicians, and bureaucrats actually make decisions.
Material Type: Lecture
Why do politicians never seem to cut government spending? Using public choice economics, Professor Ben Powell of Suffolk University explains why it's difficult to cut policies with concentrated benefits and dispersed costs.
Material Type: Lecture, Lesson
The Right Start in Teaching Economics lessons were designed for those new to teaching economics Đ even if not new to teaching! An excellent review or refresher if college economics courses have become a distant memory, Right Start lessons help teachers enter the classroom with renewed confidence in their own understanding of economic reasoning.
Material Type: Activity/Lab, Assessment, Lesson Plan
In 2011, federal government spending significantly outweighed revenue. While the federal government spent $3.8 trillion, it collected only $2.2 trillion from various taxes, licenses, and fees. In this video, Professor Antony Davies of Duquesne University explores what the federal government is spending money on and what can be cut to balance the budget.
Material Type: Lecture, Lesson
