A rational agent considers both accounting profit and economic profit. In this …
A rational agent considers both accounting profit and economic profit. In this video, see an example highlighting the difference between accounting profit and economic profit from a business and a discussion of explicit and implicit costs of operating a business.
In this video we explore how to derive the demand for a …
In this video we explore how to derive the demand for a factor of production based on how productive that factor is and how much additional revenue that factor brings in. Created by Sal Khan.
We've learned about demand for a good or service, but aggregate demand …
We've learned about demand for a good or service, but aggregate demand is different: its the demand for everything bought in an economy. In this video, we discuss how aggregate demand (AD) is different from demand and why aggregate demand is downward sloping. Created by Sal Khan.
In addition to discretionary fiscal policy, there are policies and institutions that …
In addition to discretionary fiscal policy, there are policies and institutions that can help reduce swings in the business cycle. This video discusses the role of automatic stabilizers in the business cycle.
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