Economics Video Library

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Principles of Economics

• Introduction to Economics (MRU) - 3:31
• Circular Flow (St. Louis Fed) - 8:34
• Models and Theories (MJM) - 3:26
• Micro vs. Macro (MJM) - 0:48
• What is Economics and Why is it Important (Mr G) - 6:23
• Microeconomics and Macroeconomics (Mr G) - 2:13
• How Economists Use Theories and Models to Understand Economic Issues (Mr G) - 4:11
• How Economics Can Be Organized: An Overview of Economic Systems (Mr G) - 7:33
• Women in Economics: Christina Romer (MRU) - 10:06
• Women in Economics: Claudia Goldin (MRU) - 8:46
• Women in Economics: Elinor Ostrom (MRU) - 5:25
• Women in Economics: Anna Schwartz (MRU) - 8:26
• Women in Economics: Janet Yellen (MRU) - 8:08

Choice in a World Scarcity

• Production Possibilities Frontier - Scarcity and Opportunity Cost (St. Louis Fed) - 5:13
• Positive vs. Normative Statements (MJM) - 1:24
• Specialization and Trade (Mr G) - 5:36
• Individual PPC (MJM) - 6:19
• Opportunity Costs (MJM)  - 3:38
• PPC and Resource Changes (MJM) - 3:04
• Diminishing Marginal Utility - 4:16
• How Individuals Make Choices Based on their Budget Constraint (Mr G) - 17:03
• Production Possibilities Frontier (Mr G) - 5:23
• Production Possibilities Frontier and Social Choices - Part 1 (Mr G) - 17:47
• Production Possibilities Frontier and Social Choices - Part 2 (Mr G) - 7:32
• Confronting Objections to the Economic Approach (Mr G) - 8:23

Demand and Supply

• Market Prologue (MJM) - 4:34
• The Demand Curve (MRU) - 3:30
• Demand (St. Louis Fed) - 6:57
• Demand (MJM) - 4:43
• Change in Demand vs Change in Quantity Demanded (MJM)  - 5:12
• The Supply Curve (MRU) - 2:54
• Supply (St. Louis Fed) - 4:01
• Supply (MJM) - 4:57
• Law of Supply, Law of Demand, and Equilibrium (St. Louis Fed) - 5:26
• The Equilibrium Price and Quantity (MRU) - 4:50
• Market Equilibrium (MJM) - 5:12
• A Deeper Look at the Demand Curve (MRU) - 7:46
• The Demand Curve Shifts (MRU) - 13:59
• A Deeper Look at the Supply Curve (MRU) - 7:29
• The Supply Curve Shifts (MRU) - 12:14
• Supply and Demand Terminology (MRU) - 3:55
• Price Ceilings: The U.S. Economy Flounders in the 1970s (MRU) - 3:49
• Price Ceilings: Shortages and Quality Reduction (MRU) - 6:26
• Price Floors and Price Ceilings (MJM) - 6:01
• Supplemental: Rent Control in Mumbai (MRU) - 8:42
• Supplement: Graph Reviews (MJM) - 4:22
• Supplement: Graphing Economics (Mr G) - 5:33

The Macroeconomic Perspective

• What is Gross Domestic Product (MRU) - 4:35
• Gross Domestic Product (St. Louis Fed) - 7:57
• GDP (MJM) - 3:52
• Nominal vs. Real GDP (MRU) - 7:40
• Real GDP (MJM) - 3:52
• Economic Growth (MJM) - 1:31
• Real GDP PER Capita and the Standard of Living (MRU) - 5:13
• Splitting GDP (MRU) - 5:59

Macroeconomic Policy Around the World

• Real GDP Per Capita and the Standard of Living (MRU) - 5:13
• Geography and Economic Growth (MRU) - 2:47
• What is the Natural Rate of Unemployment? (MRU) - 2:14
• What is Conditional Convergence? (MRU) - 1:55

Economic Growth

• Economic Growth (MRU) - 6:21
• Basic Facts of Wealth (MRU) - 4:27
• Growth Rates are Crucial (MRU) - 6:21
• Growth Miracles and Growth Disasters (MRU) - 4:25
• The Importance of Institutions (MRU) - 5:17

Unemployment

• Unemployment (St. Louis Fed) - 7:20
• Unemployment (Clifford) - 6:27
• Types of Unemployment (MJM) - 4:20
• The Economics of Choosing the Right Career (MRU) - 7:30
• Defining the Unemployment Rate (MRU) - 3:57
• Is Unemployment Undercounted? (MRU) - 5:18
• Labor Force Participation (MRU) - 7:13
• The Fed Explained: Labor Force and Unemployment (Atlanta Fed) - 4:13
• Cyclical Unemployment (MRU) - 7:45
• Frictional Unemployment (MRU) - 4:25
• Structural Unemployment (MRU) - 9:15

Inflation

• Inflation (St. Louis Fed) - 4:56
• Zimbabwe and Hyperinflation: Who Wants to be a Trillionaire? (MRU) - 4:19
• Measuring Inflation (MRU) - 5:22
• Costs of Inflation: Price Confusion and Money Illusion (MRU) - 5:04
• Costs of Inflation: Financial Intermediation Failure (MRU) - 6:03

Labor and Financial Markets

• The Labor Market (St. Louis Fed) - 5:28
• Price Floors: The Minimum Wage (MRU) - 9:45
• Demand and Supply in the Labor Market (Mr G) - 17:43
• Demand and Supply in the Financial Market (Mr G) - 7:43
• Supplemental: The Economics of Choosing the Right Career (MRU) - 7:30
• Labor and Financial Market examples using Supply and Demand (Mr G) - 22:16
• The Market System as an Efficient Mechanism for Information (Mr G) - 4:55

Elasticity

• Elasticity of Demand (MRU) - 13:35
• Elasticity of Demand (MJM) - 9:34
• Calculating the Elasticity of Demand (MRU) - 15:51
• Elasticity of Supply (MRU) - 14:17
• Elasticity and Slave Redemption (MRU) - 4:43
• Supplemental:Office Hours: Elasticity of Demand (MRU) - 4:22
• Price Elasticity of Demand and Supply (Mr G) - 11:48
• Polar Cases of Elasticity and Constant Elasticity (Mr G) - 3:42
• Cross and Income Elasticity of Demand (Mr G) - 6:53

Consumer Choices

• Introduction to Consumer Choice (MRU) - 4:41
• Budget Constraints (MRU) - 6:45
• Marginal Analysis and Consumer Choice (Clifford) - 9:58
• Behavioral Economics (CrashCourse) - 10:33
• The Netflix paradox: Why too many choices can paralyse you (Esade) - 2:40
• Post-Pandemic Consumer Behavior Changes (One Minute Economics) - 1:58
• Lecture Video 6.1 (Darin Bell)  - 3:35
• Lecture Video 6.2 (Darin Bell) - 3:29
• Lecture Video 6.3 (Darin Bell) - 1:45
• Lecture Video 6.4 (Darin Bell) - 2:39
• Consumer Choices (Mr G) - 15:47
• How Changes in Income and Price Affect Consumption Choices (Mr G) - 10:42

Production, Costs, and Industry Structure

• Short Run vs. Long Run Production (MJM) - 1:21
• Cost Curves (MJM) - 5:12
• Economies of Scale and Long-Run Costs (Clifford) - 3:54
• Short-Run Costs (Part 1) (Clifford) - 5:16
• Short-Run Costs (Part 2) (Clifford) - 3:13
• Short-Run Costs (Part 3) (Clifford) - 3:16

Perfect Competition

• Introduction to the Competitive Firm (MRU)- 6:51
• Market Structures (MJM) - 5:51
• Perfect Competition (MJM) - 7:12
• Maximizing Profit Under Competition (MRU) - 13:15
• Maximizing Profit and the Average Cost Curve (MRU) - 12:17
• Entry, Exit, and Supply Curves: Increasing Costs (MRU) - 6:32
• Entry, Exit, and Supply Curves: Constant Costs (MRU) - 10:28
• Entry, Exit, and Supply Curves: Decreasing Costs (MRU) - 6:01

Monopoly

• Maximizing Profit Under Monopoly (MRU) - 11:10
• Supplemental: Office Hours: Calculating Monopoly Profit (MRU) - 5:48
• Monopoly (MJM) - 7:01

Monopolistic Competition and Oligopoly

• Monopolistic Competition (MJM) - 5:55
• Monopolistic Competition Short Run and Long Run (Clifford) - 2:02
• Oligopoly (MJM) - 5:38
• Monopoly vs. Oligopoly vs. Competition: Defined, Explained, and Compared (One Minute Economics) - 1:27
• Cartels Explained (One Minute Economics) - 1:48

Monopoly and Antitrust

• Tying (MRU) - 6:47
• Bundling (MRU) - 15:28
• Mergers (MJM) - 4:38
• Antitrust Laws (One Minute Economics) - 1:45
• Introduction to Price Discrimination (MRU) - 9:40
• The Social Welfare of Price Discrimination (MRU) - 8:03

Externalities

• An Introduction to Externalities (MRU) - 12:14
• Externalities (MJM) - 7:38
• Command and Control Solutions (MRU) - 9:18
• The Coase Theorem (MRU) - 8:15
• Trading Pollution (MRU) - 4:08
• A Deeper Look at Tradable Allowances (MRU) - 6:00
• The Economics of Pollution (Mr G) - 8:10
• Command and Control Regulation (Mr G) - 4:32
• Market-Oriented Environmental Tools (Mr G) - 9:25
• Benefits and Costs of Environmental Laws (Mr G) - 6:34
• International Environmental Issues (Mr G) - 3:25
• Tradeoff between Economic Output and Environmental Protection (Mr G) - 5:06

Externalities and Public Goods

• External Benefits (MRU) - 7:31
• Public Goods and Asteroid Defense (MRU) - 2:30
• A Deeper Look at Public Goods (MRU) - 7:55
• The Tragedy of the Commons (MRU) - 10:35
• Tragedy of the Commons Explain (One Minute Economics) - 1:28
• Women in Economics: Elinor Ostrom (MRU) - 5:25

Labor Markets and Income

• The Marginal Product of Labor (MRU) - 10:21
• Monopsony (Clifford) - 2:59
• In Theory: The Rise of Monopsony (Project Syndicate) - 2:41
• Do Unions Raise Wages? (MRU) - 5:05
• Perfectly Competitive Labor Markets (Chris Thomas) - 6:55
• Perfectly Competitive Labor Market and Firm (Clifford) - 3:29
• Bilateral Monopoly (Ryan Hughes) - 5:24
• Trade (or Labor) Unions Explained (One Minute Economics) - 1:34
• Equity and Equality (Susan Gardner) - 3:44
• Equity vs Equality (Robert Wood Johnson Foundation)  - 1:16
• Is Immigration Good or Bad for Economy (CBC News) - 3:02
• How is Canada’s Immigration System Different from the U.S.’s (CBC News) - 2:32

Poverty and Economic Inequality

• Lorenz Curve and Gini Coefficient - Measures of Income Inequality (Econplus) - 7:58
• Poverty and Economic Inequality Defined (One Minute Economics) - 1:43
• How is Poverty Measured? (Institute for Research on Poverty) - 4:18
• How Poverty is Measured in the United States (AmeriCorps Service Resources) - 2:34
• The Poverty Trap (International Hub) - 3:30
• Lyndon Johnson’s “Great Society” Explained (One Minute Economics) -  1:12

Information, Risk, and Insurance

• Asymmetric Information and Used Cars (MRU) - 2:39
• Asymmetric Information in Health Insurance (MRU) - 7:30
• Signaling (MRU) - 6:45
• George Akerlof, Information Asymmetry, Imperfect Information, and Market Failures (One Minute Economics) - 1:36
• Moral Hazard (MRU) - 4:09
• Solutions to Moral Hazard (MRU) - 5:54

Financial Markets

• Intro to Stock Markets (MRU) - 3:27
• Intro to the Bond Market (MRU) - 6:23
• The Miracle of Compound Returns (MRU) - 5:29
• Can You Beat the Market? (MRU) - 6:07
• Investing: Why You Should Diversify (MRU) - 4:45

Public Economics

• Economics Behind Republicans and Democratic Parties - 1:33
• What is an Interest Group (Virginia Public Access Project) - 2:05
• Special Interest Groups - Public Choice Theory (Institute for Humane Studies) - 6:10
• Theory of the Median Voter (MRU) - 8:07

The International Trade and Capital Flows

• Comparative Advantage Practice (Clifford) - 19:00
• Specialization and Trade (Mr G) - 5:36
• Are Trade Deficits Good or Bad for the Economy? (Ayn Rand Institute) - 3:32
• Balance of Payments Accounts (Clifford) - 3:33

The Aggregate Demand/Aggregate Supply Model

• Aggregate Demand and Aggregate Supply (MJM) - 5:33
• Classical Aggregate Supply Aggregate Demand (AS/AD) Model - Short Run and Long Run (Econplus) - 14:18
• Keynesian Aggregate SupplyAggregate Demand (AS/AD) (Econplus) - 7:14
• Long Run Aggregate Supply Curve (MRU) - 5:39
• Aggregate Demand Curve (MRU) - 5:47

The Keynesian Perspective

• Sticky Wages (MRU) - 4:39
• Short Run Phillips Curve (Econplus) - 13:18
• Phillips Curve (Clifford) - 3:15

The Neoclassical Perspective

• Real vs. Potential GDP (Atlanta Fed) - 4:16
• Milton Friedman: Inflation vs. Unemployment (Common Sense Capitalism)  - 4:17
• Solow Model of Economic Growth (MRU) - 5:16

Money and Banking

• Saving and Borrowing (MRU) - 8:19
• The U.S. Money Supplies (MRU) - 4:56
• The Money Multiplier (MRU) - 6:55
• What is Money? (MJM) - 4:29
• The Fed (MJM) - 2:31
• Defining Money by Its Functions (Mr G) - 7:45
• Measuring Money: Currency, M1 and M2 (Mr G) - 7:41
• The Role of Banks (Mr G) - 10:07
• How Banks Make Money (Mr G) - 8:00

Monetary Policy and Bank Regulation

• Monetary Policy and the Fed (MRU) - 3:01
• How the Fed Worked: Before the Great Recession (MRU) - 5:44
• How the Fed Works: After the Great Recession (MRU) - 6:51
• The Federal Reserve as Lender of Last Resort (MRU) - 9:37
• When the Fed Does Too Much (MRU) - 7:47
• The Fed (MJM) - 2:31
• Monetary Policy (MJM) - 7:20
• Quantitative Easing (Econplus) - 10:50

Exchange Rates and International Capital Flows

• Exchange Rates (MJM) - 6:24
• The Foreign Exchange Market (Clifford) - 5:07
• Floating and Fixed Exchange Rates (Clifford) - 3:24

Government Budget and Fiscal Policy

• Introduction to Fiscal Policy (MRU) - 3:26
• The Limits of Fiscal Policy (MRU) - 7:05
• Budget Deficits (One Minute Economics) - 1:10
• Fiscal Policy (MJM)- 4:35
• Fiscal & Monetary Policy (Clifford) - 3:58

The Impacts of Government Borrowing

• Fiscal Policy and Crowding Out (MRU) - 5:25
• Crowding Out and Lags (MJM) - 5:52
• Budget Deficits (One Minute Economics) - 1:10
• What is Ricardian Equivalence (MRU) - 1:42

International Trade

• The Big Ideas of Trade (MRU) - 8:01
• Supplemental: Comparative Advantage Homework (MRU) - 5:14
• Comparative Advantage & Trade (MJM) - 6:25
• Specialization and Trade (Mr G) - 5:36

Globalization and Protectionism

• Tariffs and Protectionism (MRU) - 14:50
• Reasons for Protectionism (Econplus) - 7:23