This 9 minute video will expand on oligopolies and how they can …
This 9 minute video will expand on oligopolies and how they can coordinate to create collusion and cartel (closer to a monopoly). In doing so, the students will also be introduced to OPEC cartel. This video will aid in mastery in standard EPF. 2 (h) and (i)
Learn how to calculate interest when interest is compounded continually. We compare …
Learn how to calculate interest when interest is compounded continually. We compare the effects of compounding more than annually, building up to interest compounding continually. Created by Sal Khan.
Economists traditionally divide the factors of production into four categories: land, labor, …
Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else. The last resource, entrepreneurship, refers to the ability to put the other three resources together to create value. In this video, we define each of the four factors of production and provide examples of each.
Walk through the solution to a free response question (FRQ) like the …
Walk through the solution to a free response question (FRQ) like the ones you may see on an AP Microeconomics exam. Topics include why price equals marginal revenue (P=MR) for a perfectly competitive firm, how to draw side-by-side market and firm graphs, and how to find several points of interest in the firm graph.
What does money actually do? Economists usually subdivide its functions into three …
What does money actually do? Economists usually subdivide its functions into three categories: A medium of exchange, a store of value, and a unit of value. Created by Grant Sanderson.
The GDP deflator is a way of adjusting nominal output to get …
The GDP deflator is a way of adjusting nominal output to get the real value of output. In this video, get an intuitive explanation of the GDP deflator and learn how to calculate the GDP deflator. Created by Sal Khan.
No restrictions on your remixing, redistributing, or making derivative works. Give credit to the author, as required.
Your remixing, redistributing, or making derivatives works comes with some restrictions, including how it is shared.
Your redistributing comes with some restrictions. Do not remix or make derivative works.
Most restrictive license type. Prohibits most uses, sharing, and any changes.
Copyrighted materials, available under Fair Use and the TEACH Act for US-based educators, or other custom arrangements. Go to the resource provider to see their individual restrictions.