Recently added videos

10:27
Keynesian Cross and the Multiplier
/ 154 viewsMore on shifting aggregate planned expenditures. Connecting to the multiplier More free lessons at: http://www.khanacademy.org/video?v=aSY8XPGChAU

11:45
Details on Shifting Aggregate Planned Expenditures
/ 170 viewsShowing how a change in government spending can lead to a new equilibrium More free lessons at: http://www.khanacademy.org/video?v=xF_Z4QK0tsA

09:20
Keynesian Cross
/ 151 viewsAnalyzing planned expenditures versus actual output using the Keynesian Cross More free lessons at: http://www.khanacademy.org/video?v=sTw0ehwYAQ

07:25
Consumption Function with Income Dependent Taxes
/ 217 viewsThinking about a consumption function where taxes are also a function of income (which is more realistic than constant taxes) More free lessons at: http://www.khanacademy.org/video?v=wHPGFPIcILM

11:59
Generalized Linear Consumption Function
/ 159 viewsGeneralizing a linear consumption function as a function of aggregate income More free lessons at: http://www.khanacademy.org/video?v=N44RZtJ4jj4

06:39
Consumption Function Basics
/ 153 viewsThe basic idea of a consumption function More free lessons at: http://www.khanacademy.org/video?v=o5iot_ZsoV0

09:02
Mathy Version of MPC and Multiplier (optional)
/ 233 viewsGeneralizing what we did in the last video with more math More free lessons at: http://www.khanacademy.org/video?v=czfJKPNHEo

09:53
MPC and Multiplier
/ 161 viewsIntroduction to the marginal propensity to consume and the multiplier More free lessons at: http://www.khanacademy.org/video?v=O_Oozju3RRI

07:05
Simple Fractional Reserve Accounting (part 2)
/ 174 viewsHow banks can actually create checking accounts under a fractional reserve system More free lessons at: http://www.khanacademy.org/video?v=PASajlCGBTw

10:04
Money Supply M0 M1 and M2
/ 175 viewsDifferent ways of measuring the money supply More free lessons at: http://www.khanacademy.org/video?v=_LPh72gx6GE

07:32
Full Reserve Banking
/ 227 viewsOverview of full reserve banking in comparison to fractional reserve banking More free lessons at: http://www.khanacademy.org/video?v=RGMcswR8DnY

07:34
Weaknesses of Fractional Reserve Lending
/ 204 viewsWeaknesses of Fractional Reserve Lending More free lessons at: http://www.khanacademy.org/video?v=1HYSMxuDns

08:28
Overview of Fractional Reserve Banking
/ 160 viewsBig picture of how money enters circulation and how lending can increase the money supply More free lessons at: http://www.khanacademy.org/video?v=3mUi9IZb4T4

08:14
Risks of Keynesian Thinking
/ 164 viewsWhy Keynesian thinking might not be ideal sometimes More free lessons at: http://www.khanacademy.org/video?v=EVSkf7l7EuI

12:05
Keynesian Economics
/ 165 viewsContrasting Keynesian and Classical Thinking More free lessons at: http://www.khanacademy.org/video?v=hPkh8kOldU4

11:10
ShortRun Oil Prices
/ 167 viewsThinking about what moves oil prices More free lessons at: http://www.khanacademy.org/video?v=ZxtlcZd90o

12:24
Breakdown of Gas Prices
/ 178 viewsWhere the dollars at the pump go More free lessons at: http://www.khanacademy.org/video?v=1YYy0DEOpoU

02:40
Tax Lever of Fiscal Policy
/ 159 viewsHow government can effect aggregate demand through tax policy More free lessons at: http://www.khanacademy.org/video?v=BRXBCxKjiK8

08:54
Monetary and Fiscal Policy
/ 175 viewsBasic mechanics of monetary and fiscal policy More free lessons at: http://www.khanacademy.org/video?v=ntxMOKXHlfo

05:45
Cost Push Inflation
/ 220 viewsHow an oil shock can slow the economy while causing inflation More free lessons at: http://www.khanacademy.org/video?v=3AnAw2tY_4

06:15
Real GDP driving Price
/ 166 viewsThinking about how high utilization could drive price as another justification for an upward sloping shortrun aggregate supply curve More free lessons at: http://www.khanacademy.org/video?v=XsD7mqFDJs0

09:18
DemandPull Inflation under Johnson
/ 198 viewsThinking about whether inflation in the late 1960s is consistent with the ADAS model More free lessons at: http://www.khanacademy.org/video?v=HdqbCvqTb20

12:15
Short Run Aggregate Supply
/ 175 viewsJustifications for the aggregate supply curve to be upward sloping in the shortrun More free lessons at: http://www.khanacademy.org/video?v=3nbalsyibKU

04:35
LongRun Aggregate Supply
/ 181 viewsThinking about why aggregate supply may not be influenced by prices in the longrun More free lessons at: http://www.khanacademy.org/video?v=8W0iZk8Yxhs

05:18
Shifts in Aggregate Demand
/ 148 viewsFactors that might shift aggregate demand More free lessons at: http://www.khanacademy.org/video?v=scN1B6plos

13:53
Aggregate Demand
/ 169 viewsUnderstanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward sloping More free lessons at: http://www.khanacademy.org/video?v=oLhohwfwf_U

11:16
The Business Cycle
/ 235 viewsThe business cycle and how it may be driven by emotion More free lessons at: http://www.khanacademy.org/video?v=TXrOpjG4dUs

07:34
Money Supply and Demand Impacting Interest Rates
/ 177 viewsExamples showing how various factors can affect interest rates More free lessons at: http://www.khanacademy.org/video?v=vItRHYuA88

09:54
Interest as Rent for Money
/ 196 viewsThinking about interest as the price of money. Looking at money from a supply and demand perspective More free lessons at: http://www.khanacademy.org/video?v=Lru0vKmkzR8

08:47
Phillips Curve
/ 188 viewsThe observation that inflation and unemployment tend to be inversely correlated More free lessons at: http://www.khanacademy.org/video?v=v7ZWTZ9NgU4

07:28
Actual CPIU Basket of Goods
/ 178 viewsExploring the actual weightings for the CPIU basket of goods More free lessons at: http://www.khanacademy.org/video?v=JTw7gNwT6Y

07:32
Introduction to Inflation
/ 180 viewsBasics of price inflation and the CPI (consumer price index) More free lessons at: http://www.khanacademy.org/video?v=AaR1mPrdbTc

05:39
Example Calculating Real GDP with a Deflator
/ 168 viewsSimple example of calculating Real GDP from Nominal GDP More free lessons at: http://www.khanacademy.org/video?v=v5YT8GlSxoU

06:28
GDP Deflator
/ 143 viewsRelationship between the GDP deflator, nominal GDP and real GDP More free lessons at: http://www.khanacademy.org/video?v=L0LuSw2bTM

08:04
Real GDP and Nominal GDP
/ 180 viewsUsing real GDP as a measure of actual productivity growth More free lessons at: http://www.khanacademy.org/video?v=lBDT2w5Wl84

05:58
Examples of Accounting for GDP
/ 160 viewsThinking about how different types of expenditures would be accounted for in GDP More free lessons at: http://www.khanacademy.org/video?v=BMNj7Okclk

04:58
Components of GDP
/ 175 viewsUnderstanding the components of the expenditure view of GDP. Consumption, investment, government spending and net exports More free lessons at: http://www.khanacademy.org/video?v=Rgr1vRjxzFg

04:49
Income and Expenditure Views of GDP
/ 180 viewsLooking at a simple model of an economy More free lessons at: http://www.khanacademy.org/video?v=Z9b8nnvpim0

07:32
Investment and Consumption
/ 158 viewsDifference between every day and economic notions of investment and consumption More free lessons at: http://www.khanacademy.org/video?v=N9VIsauE0RA

02:50
More on Final and Intermediate GDP Contributions
/ 161 viewsWhat happens when a good is not finished in a period More free lessons at: http://www.khanacademy.org/video?v=C1pHvEAKmLA

11:59
Parsing Gross Domestic Product
/ 161 viewsUnderstanding what GDP does and doesn't measure. More free lessons at: http://www.khanacademy.org/video?v=zh8XASZxo1Q

08:58
Circular Flow of Income and Expenditures
/ 209 viewsUnderstanding the flow of resources in the simplest possible economy More free lessons at: http://www.khanacademy.org/video?v=Hfz1bwK5C4o

06:18
Adding Demand Curves
/ 161 viewsHow to add demand curves More free lessons at: http://www.khanacademy.org/video?v=gHs3zuRek7o

09:02
How Many People to Hire Given the MPR curve
/ 244 viewsThinking about how many people it makes sense to hire. Brief discussion of a monopsony. More free lessons at: http://www.khanacademy.org/video?v=p8PSIpMkEvA

13:03
A Firm's Marginal Product Revenue Curve
/ 209 viewsThinking about how much incremental benefit a firm gets from hiring one more person More free lessons at: http://www.khanacademy.org/video?v=cwClnv9Y1Y0

06:01
First Degree Price Discrimination
/ 185 viewsCharging different consumers different amounts in an attempt to optimize economic profit More free lessons at: http://www.khanacademy.org/video?v=z0wg9ZPyL38

06:38
Tragedy of the Commons
/ 159 viewsHow public resources can be abused More free lessons at: http://www.khanacademy.org/video?v=0b2Tl0xniw

07:26
Positive Externalities
/ 166 viewsFactoring in external benefits More free lessons at: http://www.khanacademy.org/video?v=TSTLLFJbaA4

05:45
Taxes for Factoring in Negative Externalities
/ 202 viewsHow to factor in negative externalities through taxation More free lessons at: http://www.khanacademy.org/video?v=UYShebe44Xs

06:00
Negative Externalities
/ 189 viewsTaking negative externalities into account when thinking about the optimal equilibrium price and quantity More free lessons at: http://www.khanacademy.org/video?v=nBw6KvU51BE

09:20
Game Theory of Cheating Firms
/ 220 viewsPareto Optimality and more on Nash Equilibrium. Seeing how cheating duopolists parallels the prisoners dilemma More free lessons at: http://www.khanacademy.org/video?v=XTMbRDRaviM

11:19
Why Parties to Cartels Cheat
/ 202 viewsWhy duopolists would benefit to form a cartel and why it makes sense for them to cheat More free lessons at: http://www.khanacademy.org/video?v=S6TvRDwgQag

06:31
More on Nash Equilibrium
/ 188 viewsLooking more closely at the definition of Nash Equilibrium More free lessons at: http://www.khanacademy.org/video?v=ewu_7Dmj_18

09:21
Prisoners' Dilemma and Nash Equilibrium
/ 179 viewsWhy two notsoloyal criminals would want to snitch each other out More free lessons at: http://www.khanacademy.org/video?v=UkXIzPcDIM

08:26
Oligopolies, Duopolies, Collusion, and Cartels
/ 219 viewsThinking about when oligopolies behave more like monopolies or perfect competitors More free lessons at: http://www.khanacademy.org/video?v=N0L00FZnhtg

08:51
Monopolistic Competition and Economic Profit
/ 177 viewsWhy it is hard for a monopolisitc competitor to make economic profit in the long run More free lessons at: http://www.khanacademy.org/video?v=RUVsEovktGU

09:21
Oligopolies and Monopolistic Competition
/ 182 viewsThinking about different markets that are inbetween monopolies and perfect competition More free lessons at: http://www.khanacademy.org/video?v=PzDthFTzEa0

10:12
Review of Revenue and Cost Graphs for a Monopoly
/ 202 viewsReview of marginal revenue (MR), total revenue (TR), marginal cost (MC) and average total cost (ATC) for a monopoly

04:56
Optional Calculus Proof to Show that MR has Twice Slope of Demand
/ 200 viewsUsing some basic calculus to show that marginal revenue has twice the slope of the demand curve for a monopolist More free lessons at: http://www.khanacademy.org/video?v=atI4QH2acuw

05:57
Monopolist Optimizing Price (part 3) Dead Weight Loss.avi
/ 175 viewsShowing that what is optimal for the monopolist is not optimal for society More free lessons at: http://www.khanacademy.org/video?v=daxL1ZLrUzg

08:31
Monopolist Optimizing Price (part 2) Marginal Revenue
/ 169 viewsPlotting the marginal revenue curve for a monopolist More free lessons at: http://www.khanacademy.org/video?v=s1UQQELPyrc

07:11
Monopolist Optimizing Price (part 1) Total Revenue.
/ 184 viewsStarting to think about how a monopolist would rationally optimize profits More free lessons at: http://www.khanacademy.org/video?v=cczABrLd_uA

05:44
Monopoly Basics
/ 159 viewsThinking about what would happen with one airline. The opposite of perfect competition More free lessons at: http://www.khanacademy.org/video?v=77CApfQlTuE

10:17
Perfect Competition
/ 213 viewsConditions for perfect competition. Looking at the airline industry More free lessons at: http://www.khanacademy.org/video?v=_NznT4Cn8As

08:26
Long Term Supply Curve and Economic Profit
/ 226 viewsUnderstanding the long term supply curve in terms of economic profit More free lessons at: http://www.khanacademy.org/video?v=CWiHA5XtqgU

05:55
Marginal Revenue Below Average Total Cost
/ 170 viewsWhy it is rational to produce at a loss More free lessons at: http://www.khanacademy.org/video?v=ni0TL4pXG5w

06:10
Marginal Revenue and Marginal Cost
/ 199 viewsThinking about a rational quantity of juice to produce More free lessons at: http://www.khanacademy.org/video?v=xGkE0oHyNhk

07:40
Marginal Cost and Average Total Cost
/ 169 viewsLooking at marginal and average total cost in the context of a juice business More free lessons at: http://www.khanacademy.org/video?v=7t8gdc3YogM

12:07
Visualizing Average Costs and Marginal Costs as Slope
/ 177 viewsGraphing variable cost, fixed cost and total cost More free lessons at: http://www.khanacademy.org/video?v=k1iHDu9GrJE

11:49
Fixed, Variable, and Marginal Cost.
/ 172 viewsThinking about average fixed, variable and marginal cost More free lessons at: http://www.khanacademy.org/video?v=bBQVaRnHqLs

08:10
Depreciation and Opportunity Cost of Capital
/ 200 viewsHow to account for things when you own the building instead of renting it More free lessons at: http://www.khanacademy.org/video?v=ckBKDrKVIMU

08:06
Economic Profit vs Accounting Profit
/ 211 viewsDifference between a firm's accounting and economic profit More free lessons at: http://www.khanacademy.org/video?v=06j_zPdPWOY

05:49
Types of Indifference Curves
/ 200 viewsIndifference curves for normal goods, substitutes and perfect complements More free lessons at: http://www.khanacademy.org/video?v=kJ43GdU5Uzc

09:24
Optimal Point on Budget Line
/ 220 viewsUsing indifference curves to think about the point on the budget line that maximizes total utility More free lessons at: http://www.khanacademy.org/video?v=nhSSu0Nzs30

12:11
Budget Line
/ 164 viewsWhat I can buy with my income More free lessons at: http://www.khanacademy.org/video?v=Uq5Wzs96tiw

08:43
Deriving Demand Curve from Tweaking Marginal Utility per Dollar
/ 206 viewsSeeing what happens to quantity demanded when price changes More free lessons at: http://www.khanacademy.org/video?v=4_wQc3EGE

07:42
Equalizing Marginal Utility per Dollar Spent
/ 278 viewsWhy the marginal utility for dollar spent should be theoritically equal for the last increment of either good purchased More free lessons at: http://www.khanacademy.org/video?v=KbW6OiuRa1Y

12:15
Marginal Utility
/ 173 viewsMarginal utility and marginal benefit. How you would spend $5 on chocolate and fruit More free lessons at: http://www.khanacademy.org/video?v=Kf9KhwryQNE

06:52
Taxes and Perfectly Elastic Demand
/ 174 viewsWho bears the burden for a tax on a good with perfectly elastic demand More free lessons at: http://www.khanacademy.org/video?v=z1yJPpGC3o

07:51
Taxes and Perfectly Inelastic Demand
/ 180 viewsWho bears the burden for the taxes when demand is inelastic More free lessons at: http://www.khanacademy.org/video?v=lsn16U5DWD4

05:40
Percentage Tax on Hamburgers
/ 191 viewsWhat would happen if we have a percentage tax instead of a fixed dollar amount More free lessons at: http://www.khanacademy.org/video?v=xwOTlMaerEQ

09:06
Taxation and Dead Weight Loss
/ 186 viewsThe effect of taxation on the equilibrium price and quantity More free lessons at: http://www.khanacademy.org/video?v=NuLlNAdrom4

09:06
Minimum Wage and Price Floors
/ 216 viewsHow a minimum wage might effect the labor market More free lessons at: http://www.khanacademy.org/video?v=j0c2vmFGbtk

11:27
Rent Control and Deadweight Loss
/ 218 viewsHow instituting a price ceiling lower than the equilibrium price reduces the total surplus (dead weight loss)

08:20
Producer Surplus
/ 224 viewsLooking at the supply curve as an opportunity cost curve. Understanding the producer surplus as the area between the supply curve and the market price More free lessons at: http://www.khanacademy.org/video?v=VY5klejSg

05:46
Total Consumer Surplus as Area
/ 155 viewsLooking at consumer surplus as area between the demand curve and the market price More free lessons at: http://www.khanacademy.org/video?v=RBUBIRtn0xQ

05:02
Consumer Surplus Introduction
/ 182 viewsConsumer surplus as difference between marginal benefit and price paid More free lessons at: http://www.khanacademy.org/video?v=_6kwhF6hoqQ

05:53
Demand Curve as Marginal Benefit Curve
/ 210 viewsThinking about a demand curve in terms of quantity driving price More free lessons at: http://www.khanacademy.org/video?v=KrkbbRxdDZ8

06:54
Elasticity and Strange Percent Changes
/ 156 viewsWhy we calculate percent changes in a strange way when calculating elasticities More free lessons at: http://www.khanacademy.org/video?v=fUxSB3yYIbs

09:33
Elasticity of Supply
/ 179 viewsThinking about elasticity of supply More free lessons at: http://www.khanacademy.org/video?v=AAWsuFXojgo

11:20
Cross Elasticity of Demand
/ 162 viewsPrice of one good effecting quantity demanded of another More free lessons at: http://www.khanacademy.org/video?v=Ngv0Be9NxAw

08:25
More on Total Revenue and Elasticity
/ 197 viewsClarification on the relationship between total revenue and elasticity More free lessons at: http://www.khanacademy.org/video?v=KgrLUQYgIJE

11:41
Total Revenue and Elasticity
/ 158 viewsThinking about how total revenue and elasticity are related More free lessons at: http://www.khanacademy.org/video?v=Udltkvm9HLc

04:37
Constant Unit Elasticity
/ 192 viewsWhat a demand curve with constant unit elasticity would look like More free lessons at: http://www.khanacademy.org/video?v=m7qXvQvWlY4

09:41
Perfect Inelasticity and Perfect Elasticity of Demand
/ 222 viewsExtreme examples of price elasticity of demand More free lessons at: http://www.khanacademy.org/video?v=6udRtn5jSWk

06:01
More on Elasticity of Demand
/ 209 viewsLooking a bit deeper at why elasticity changes despite having a linear demand curve More free lessons at: http://www.khanacademy.org/video?v=YOT8ryWzwbY

13:17
Price Elasticity of Demand
/ 193 viewsIntroduction to price elasticity of demand More free lessons at: http://www.khanacademy.org/video?v=slP8XZ6Nq40

09:05
Changes in Market Equilibrium
/ 185 viewsHow the equilibrium price or quantity might change due to changes in supply or demand More free lessons at: http://www.khanacademy.org/video?v=NgPqyM3I_8o

10:17
Market Equilibrium
/ 270 viewsEquilibrium price and quantity for supply and demand More free lessons at: http://www.khanacademy.org/video?v=PEMkfgrifDw

06:58
Factors Affecting Supply
/ 192 viewsHow the price of inputs, price of related goods, number of suppliers technology, and expected future prices affects the supply curve More free lessons at: http://www.khanacademy.org/video?v=0isM0GFrMI

08:24
Law of Supply
/ 179 viewsIntroduction to the Law of Supply More free lessons at: http://www.khanacademy.org/video?v=3xCzhdVtdMI

05:19
Inferior Goods Clarification
/ 183 viewsMore clarification on inferior and normal goods More free lessons at: http://www.khanacademy.org/video?v=TAhRoJB34nw