Economics is much more than just numbers and graphs. In fact, we can use economics to explain much of what we encounter in our daily lives. For instance, why is customer service at your local restaurant usually better than that of the cable company? To find the answer we can take a closer look at the incentives at play. For another example, we look to eighteenth century Great Britain. What did bad incentives have to do with the death rate of prisoners shipped from England to Australia? Let’s find out together in this first video of MRU’s course on Principles of Economics: Microeconomics. ***TEACHER RESOURCES*** Supply and Demand 5-day HS unit plan: https://mru.io/q3u Assessment questions: https://mru.io/principles-1270a EconInbox, a free weekly email of class-ready news articles, videos, and more: https://mru.io/econinbox-6387e More high school teacher resources: https://mru.io/high-school-5b02b More professor resources: https://mru.io/university-teaching-4f406 ***CONTINUE LEARNING*** Next video – Opportunity Cost and Tradeoffs: https://mru.io/uzq Practice questions: https://mru.io/introduction-microecon... Full Microeconomics course: https://mru.io/8lk 00:00 Introduction 00:30 Incentives 01:06 Using Incentives to Improve Results 02:22 Why Should You Learn Economics?
If you're new to economics (or teaching students who are), these three videos will explain some of the most fundamental concepts in economics: incentives, opportunity cost, trade-offs, marginal thinking, and sunk costs. Each one is a simple idea. Combined, they provide a strong foundation for understanding how people make choices under scarcity.
What is inflation, and what does it do to an economy? How does in impact unemployment? These macroeconomic videos explain the causes and consequences of hyperinflation, inflation, and deflation. We also explain the quantity theory of money, the hypothesis that changes in prices correspond to changes in the monetary supply.

Measuring Inflation

Marginal Revolution University
391K views8 years ago

Quantity Theory of Money

Marginal Revolution University
510K views8 years ago

Causes of Inflation

Marginal Revolution University
346K views8 years ago
Welcome to Principles of Economics! Here, you’ll learn the economic way of thinking. That is, you’ll understand how to use economics in your life and, ultimately, you’ll see the world differently.

Opportunity Cost and Tradeoffs

Marginal Revolution University
108K views1 year ago

Marginal Thinking and the Sunk Cost Fallacy

Marginal Revolution University
80K views1 year ago

The Demand Curve

Marginal Revolution University
1.7M views10 years ago

The Supply Curve

Marginal Revolution University
1.1M views10 years ago

The Equilibrium Price and Quantity

Marginal Revolution University
1M views10 years ago
In this course, following MRU's Principles of Microeconomics course, you’ll explore how incentives play out in large scale economies, such as that of the U.S.

What is Gross Domestic Product (GDP)?

Marginal Revolution University
1.6M views9 years ago

Nominal vs. Real GDP

Marginal Revolution University
1.2M views9 years ago

Real GDP Per Capita and the Standard of Living

Marginal Revolution University
632K views9 years ago

Splitting GDP

Marginal Revolution University
277K views9 years ago

Basic Facts of Wealth

Marginal Revolution University
266K views9 years ago

Growth Rates Are Crucial

Marginal Revolution University
190K views9 years ago
This playlist will teach you the basics of microeconomics. You'll learn about supply and demand curves, what shifts the curves, how to calculate equilibrium price and quantity, how to calculate consumer and producer surplus, and more! Watch the full free Principles of Microeconomics course here: https://mru.org/principles-economics-microeconomics

The Demand Curve

Marginal Revolution University
1.7M views10 years ago

The Supply Curve

Marginal Revolution University
1.1M views10 years ago

The Equilibrium Price and Quantity

Marginal Revolution University
1M views10 years ago

What Shifts the Demand Curve?

Marginal Revolution University
230K views2 years ago

Change in Demand vs. Change in Quantity Demanded

Marginal Revolution University
337K views4 years ago
Why did the bombed-out countries who lost WWII grow faster than those who won the war? Can economies grow indefinitely? How? The Solow Model (named after Nobel winning economist Robert Solow) is one of the most commonly used and powerful models in economics. This series introduces viewers to the Solow Model and how to use it.

Intro to the Solow Model of Economic Growth

Marginal Revolution University
866K views9 years ago

Physical Capital and Diminishing Returns

Marginal Revolution University
464K views9 years ago

The Solow Model and the Steady State

Marginal Revolution University
743K views8 years ago

Human Capital & Conditional Convergence

Marginal Revolution University
352K views8 years ago

The Solow Model and Ideas

Marginal Revolution University
312K views8 years ago

Office Hours: The Solow Model

Marginal Revolution University
211K views8 years ago
Want to teach high school economics in a fun way? Check out our free teaching resources that are sure to engage your students. This playlist walks you through some of most popular teaching aids and resources. To browse all of our high school teaching resources, go here: https://mru.org/high-school-teaching-resources

Econ in the News

Marginal Revolution University
2K views1 year ago

Interactive Practice Makes Perfect!

Marginal Revolution University
1.1K views2 years ago

Play Economics: Top 5 Games for Classrooms

Marginal Revolution University
8.7K views2 years ago
The Council for Economic Education (CEE)'s Voluntary National Content Standards in Economics are the most thorough and popularly adopted national standards for high school economics. The twenty standards cover everything that is typically taught in a year-long high school economics course (more detail below). This playlist has our videos organized by those standards. You can show them in class or assign them for homework — don't forget they all come with practice questions! Available as a Google Doc here: https://mru.org/teacher-resources/video-mappings/cee-national-standards-video-mapping Standard 1: Scarcity Standard 2: Decision Making Standard 3: Allocation Standard 4: Incentives Standard 5: Trade Standard 6: Specialization Standard 7: Markets and Prices Standard 8: Role of Prices Standard 9: Competition and Market Structure Standard 10: Institutions Standard 11: Money and Inflation Standard 12: Interest Rates Standard 13: Income Standard 14: Entrepreneurship Standard 15: Economic Growth Standard 16: Role of Government and Market Failure Standard 17: Government Failure Standard 18: Economic Fluctuations Standard 19: Unemployment and Inflation Standard 20: Fiscal and Monetary Policy

Opportunity Cost and Tradeoffs

Marginal Revolution University
108K views1 year ago

What Is Opportunity Cost?

Marginal Revolution University
646K views6 years ago

Marginal Thinking and the Sunk Cost Fallacy

Marginal Revolution University
80K views1 year ago

Introduction to Consumer Choice

Marginal Revolution University
313K views7 years ago

What Is the Rule of 70?

Marginal Revolution University
119K views7 years ago

The Miracle of Compound Returns

Marginal Revolution University
102K views8 years ago