Category
Explanations
Explaining High Drug Prices in the USA
This short video from Bloomberg is ideal when teaching the economics of oligopoly, pricing power, the relative bargaining strength of drug sellers and buyers and the extent to which regulation is...
What Full Employment Means
This is an excellent short piece from the Economist exploring the concept of full employment
What is the role of manufacturing in today’s economy?
Manufacturing is in the spotlight as a way to revitalise economies.
The Economist takes a look, and
I’ve summarised some of the article.
Development: the problem of 'failing states'
According to The Economist, few things matter more than fixing failed states. Broadly defined, state failure provides “a general explanation for why poor countries are poor”.
The Debt Deficit Distinction
KAL from the Economist provides the artistic genius behind this short video from the Economist.
An Animated Guide to Abenomics
This is so good! Reuters has produced an animated guide to recent Japanese travails, highlighting the dangers of inflation, the nature of Abenomics, and looking at whether the policies have been...
Structural Unemployment
Here is a new video from out friends at Marginal Revolution - this time covering causes of structural unemployment in the labour market.
Richard Koo Explains a Balance Sheet Recession
This video is a few years old now but still pertinent to the challenges facing policy-makers especially in advanced economies struggling to find an effective macro policy mix to achieve durable,...
What is frictional unemployment?
More from the increasingly excellent Marginal Revolution University - this time covering what the term frictional unemployment means.
What is Universal Basic Income?
I suspect the debate over introducing a Universal Basic Income will continue to grow in intensity in the coming years not least because a number of countries are considering introducing the idea as...
How a wobbly bridge helps to explain financial instability
This is a superb short video from the LSE on the causes and nature of system risk. Watch it better to understand how a wobbly bridge in London helps to explain what might have brought the global...
The economics super tutor who makes $1 million a year
A short clip that might be used when teaching aspects of labour market economics!
The Prisoner's Dilemma Explained in One Minute
If you've never heard about game theory before or have but are not all that confident you've fully understood the concept, this prisoner's dilemma video is worth watching.
The Paradox of Value
TED-Ed looks at a key economic principle: the paradox of value. It's typically clear - and highlights the difference between marginal utility and the law of diminishing marginal utility. It was...
Ten things to know about economic models
I find making predictions really tough, especially when they concern the future! With that in mind, I really liked this short but very accessible summary of ten limitations of macroeconomic...
Debts and Deficits
Since the financial crisis, government debt in the UK has been increasing and is likely to do so for some time. A couple of great articles here that will give you all you need to know about debts...
Negative interest rates defy gravity
Here is a cartoon explainer on why official interest rates are now negative in a quarter of the global economy without causing, so far, massive cash withdrawals.
Tim Harford on Loss Aversion
If you are studying behavioural economics as part of your new A level course, then I highly recommend you have a read of this piece from Tim Harford exploring loss aversion.
Is government intervention beneficial to an economy? Do you agree with Keynesian or Austrian Economists - which side gets your support? Here's a superb infographic on the great battle of ideologies...
The Digital Economy and Problems in Measuring GDP
The level of GDP may fall even though the quantity of goods and services that we are consuming is increasing. This is one of the ironies of the switch to the digital products largely provided by...
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