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Money Video and Quiz

This video teaches the concept of Money. Money is anything that is used to buy and sell goods and services....
Key Concepts: Economic Institutions, Money, Trade, Exchange and Interdependence

Productive Resources Video and Quiz

This video teaches the concept of Productive Resources. Productive resources are used to produce goods and services and are classified...
Key Concepts: Decision Making/Cost-Benefit Analysis, Division of Labor/Specialization, Entrepreneurs…

Property Rights Video and Quiz

This video teaches the concept of Property Rights, which refers to the legal ownership of resources, including the right to...
Key Concepts: Economic Institutions, Economic Systems, Incentive…

Incentives Video and Quiz

This video teaches the concept of Incentives. An incentive is a cost or benefit that motivates a decision or action...
Key Concepts: Decision Making/Cost-Benefit Analysis, Economic Systems, Elasticity of Demand…

Economic Systems Video and Quiz

This video teaches the concept of Economic Systems. Economic systems can be categorized according to who makes most of the...
Key Concepts: Decision Making/Cost-Benefit Analysis, Economic Development, Economic Institutions…

Competition and Market Structure Video and Quiz

This video teaches the concept of Competition and Market Structures. In the context of markets, competition refers to the situation...
Key Concepts: Business Costs and Revenues, Market Structure, Market Structures…

Economic Development Video and Quiz

This video teaches the concept of Economic Development. Economic development is a sustained increase in the standard of living of...
Key Concepts: Balance of Trade and Balance of Payments, Budgeting, Economic Development…

Barriers to Trade Video and Quiz

This video teaches the concept of Barriers to Trade. Barriers to trade are government rules that block or inhibit international...
Key Concepts: Balance of Trade and Balance of Payments, Benefits of Trade, Credit…

Roles of Government Video and Quiz

This video teaches the concept of Roles of Government. Some roles of government include protecting the environment, helping the poor...
Key Concepts: Government Failures/Public-Choice Analysis, Markets, Roles of Government

Supply Video and Quiz

This video teaches the concept of Supply. Supply refers to a relationship between price and the quantity of a good...
Key Concepts: Markets, Markets and Prices, Price Ceilings and Floors…

Profit Video and Quiz

This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated...
Key Concepts: Business Costs and Revenues, Entrepreneurs, Market Structure…

Producers Video and Quiz

This video teaches the concept of Producers. Producers use scarce resources to produce goods and services which they offer to...
Key Concepts: Producers

Markets and Prices Video and Quiz

This video teaches the concept of Markets and Prices. A market refers to a group of buyers and sellers for...
Key Concepts: Business Costs and Revenues, Demand, Market Structure…

Price Ceilings and Floors Video and Quiz

This video teaches the concept of Price Ceilings and Floors. A price ceiling is a legally established maximum price while...
Key Concepts: Demand, Markets, Markets and Prices…

Consumers Video and Quiz

This video teaches the concept of Consumers. Consumers are powerful in a market economy, and the economic choices of consumers...
Key Concepts: Consumers, Demand, Goods and Services…