Key Concepts: Decision Making/Cost-Benefit Analysis, Employment and Unemployment
Human Capital and Labor Markets Video Series and Quiz
Time: 30 mins,
Updated: March 5 2020,
Author: Marginal Revolution University
Students will be able to:
- Apply supply and demand analysis to how the marginal product of labor determines wages, human capital, labor unions, and compensating wage differentials.
In this economics video series, students will learn about employment, unemployment, and human capitol.
This unit of five videos begins with an explanation of the marginal product of labor and how it determines wages. This serves as the foundation for an overview of related topics, such as human capital, labor unions, compensating wage differentials, and, of course, TANSTAAFL: There Ain’t No Such Thing as a Free Lunch. Every video comes with practice questions!
Economic Misery and Presidential Elections
Updated with new statistics! The students examine economic data in order to predict the results of presidential elections.
Key Concepts: Employment and Unemployment, Fiscal Policy, GDP
Grades Higher Education, 9-12
On this website, you can see how the frameworks and theories taught in class relate to real-world timely events.
Key Concepts: Employment and Unemployment, Fiscal Policy, Income Distribution
The Potential Impact of the USMCA on US Manufacturing Jobs
In this economics activity, students assess the potential effect of USMCA on US manufacturing jobs.
Key Concepts: Barriers to Trade, Benefits of Trade, Employment and Unemployment