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RWE Video 1.1 - Four Market Structures - 6 mins 29 s
Dr. Calhoun describes the key characteristics of the four traditional market structures. More...
RWE Video 1.2 Characteristics of the Four Market Structures - 3 min 43 s
Dr. Calhoun reviews Monopoly, Oligopoly, Monopolistic Competition and Perfect Competition. More...
RWE Video 4.1 Visiting Chick-fil-A to See How Monopolistic Competition Works - 3 min 27 s
Dr. Calhoun uses a fast food restaurant to illustrate how monopolistic competition works. More...
RWE Video 4.2 Monopolistic Competition - Short-Run Profits - 5 min 9 s
Dr. Calhoun calculates the short run profits of a firm in Monopolistic Competition. More...
RWE Video 4.3 Ebb and Flow of Monopolistic Competition - 3 min 18 s
Dr. Calhoun describes how new firms can enter and expand the market so that the existing firms are actually helped. More...
RWE Video 4.4 Dynamics of Monopolistic Competition - 5 min 36 s
Dr. Calhoun views the dynamic process of competition as firms make decisions over time in monopolistic competition. More...
RWE Video 6.1 The Firm’s Hiring Decision - Joe Calhoun - 6 min 4 s
Dr. Calhoun explains the firm's hiring decisions. More...
RWE Video 6.2 Why Wages Vary - Joe Calhoun - 4 min 43 s
Dr. Calhoun analyzes the existence of wage differentials. More...
RWE Video 2.1 Perfect Competition Characteristics - 2 min 23 s
Professor Templin reviews the market supply and demand curves in perfect competition. More...
RWE Video 2.2 Perfect Competition - Four Scenario Introduction - 3 min 2s
Professor Templin looks at the four different scenarios in Perfect Competition. More...
RWE Video 2.3 Perfect Competition - Profit Scenario - 3 min 52 s
Professor Templin reviews profit maximization in Perfect Competition, using her father’s pig farm as an example. More...
RWE Video 2.4 Perfect Competition: Loss Scenario - No Shutdown - 2 min 55 s
Professor Templin illustrates the loss scenario using her father’s pig farm as an example. More...
RWE Video 2.6 Perfect Competition - Market Supply and Demand Curves - 2 min
In a perfectly competitive market, the market determines the price that each firm realizes. More...
RWE Video 2.5 Perfect Competition - Shutdown Scenario - 3 min 21 s
A pig farm in Perfect Competition needs to shut down. More...
Compound Interest - Karl Einolf
Karl Einolf explains compound interest using M&Ms. More...
Present and Future Values of Money - Karl Einolf
Dr. Einolf reviews the concept of present value of money versus its future value. More...
RWE Video 4.2 Disequilibrium Pricing - 4 min 1 s
Dr. Gray reviews disequilibrium prices caused by price ceilings and price floors. More...
RWE Video 4.5 Price Collusion - David Gray - 4 min 13 s
Dr. Gray defines the rules that apply to the consumers and producers interacting in a real world market. More...
RWE Video 4.1 - Opportunity Cost - David Gray - 5 min 8 s
Dr. Gray explains that in a situation where the supply curve is inelastic, the equilibrium price is determined on the demand side. More...
Public Goods - David Gray
Dr. Gray describes the difficulty in determining the equilibrium price and quantity of public goods. More...
RWE Video 7.1 Negative Externalities in Production - David Gray - 5 min 53 s
Dr. Gray explains negative externality as the harmful consequence of production by one party on another. More...
Currency Exchange Rates - Mark LeClair
Dr. LeClair explains how currency rates are determined, using exchange rate supply and demand diagrams. More...
International Trade - Mark LeClair
Dr. LeClair illustrates why nations engage in international trade. He uses the U.S. and Canada as examples. More...
RWE Video 5.3 Diminishing Marginal Product - Mark LeClair - 6 min 41 s
A hot dog producer calculates diminishing marginal product and the efficient level of production. More...
RWE Video 6.1 Diminishing Marginal Utility - Mark LeClair - 4 min 10 s
Dr. LeClair explains how consumers allocate income between alternative goods in order to maximize utility. More...
RWE Video 7.2 Diminishing Marginal Utility - Food and Clothes - Mark LeClair - 5 min 25 s
A consumer’s utility maximization is subject to budget constraints. More...
Fractional Reserve Banking - Gregory Brock
Dr. Brock illustrates how money is created. He begins with a 50 cent deposit in a bank and follows its growth. More...
RWE Video 1.3 Production Possibility Curve - 4 mins 22s
Dr. Brock explains scarcity as a fundamental concept in economics, from the point of view of a firm. More...
Selfish vs. Self-Interest - Gregory Brock
Dr. Brock reviews the difference between selfish individuals and self-interested individuals. More...
RWE Video 1.1 Comparative Advantage - Greg Brock - 2 min 48 s
Dr. Brock compares absolute and comparative advantage and how it drives international trade. More...
How To Plot A Line - Math Basics Series
In this video, Aimee explains the use of a graph as tool to illustrate the relationship between two variables. More...
Measuring Slopes - Math Basics Series
Aimee shows how to measure the slope of a line, where the slope is defined as the rise over run. More...
Different Types of Slopes - Math Basics Series
Aimee points out the possibility of the existence of diferent slopes of a line graph. More...
Intersection of Two Lines - Math Basics Series
Aimee illustrates how the intersection of two lines helps solve a problem. More...
Curved Line: Slopes and Tangents - Math Basics Series
Aimee explains how there can be different slopes in different segments on a curved graph. More...
Dividing By Fractions - Math Basics Series
Aimee explains how to multiply and divide fractions. More...
RWE Video 5.5 Declining Average Cost - Dr. Gajanan - 2 min 59 s
Dr. Gajanan reviews how a producer's increasing quantity produced causes average costs to decline. More...
RWE Video 5.4 Marginal and Average Fixed Cost - Dr. Gajanan - 3 min 51 s
Dr. Gajanan explains how marginal cost is calculated and uses iTunes to show how it can affect pricing strategy. More...
RWE Video 4.3 Price Discrimination - Shailendra Gajanan - 4 min 57 s
Dr. Gajanan examines how price discrimination works using "Wings Night" as an example. More...
RWE Video 4.4 Price Discrimination - Elasticity - 2 min 43 s
Dr. Gajanan uses a movie theatre to show how price discrimination can be used to maximize revenues. More...
RWE Video 5.3 Income Elasticity of Demand - Professor Gajanan - 3 min 45 s
Consumer food products are used to explain inferior, normal and superior goods. More...
RWE Video 2.1 Giffen Goods - Shailendra Gajanan - 2 min 25 s
Dr. Gajanan explains "Giffen Goods" using people's consumption of rice as an example. More...
Monetary Policy - Alejandro Cañadas
Dr. Cañadas reviews how the Federal Reserve can implement monetary policy in three ways. More...
Nominal vs. Real Quantity - Alejandro Cañadas
Dr. Cañadas explains the significance of nominal and real values. More...
RWE Video 1.2 Opportunity Cost Versus Choice - Tamara Woroby - 3 min 11 s
Dr. Woroby explains how scarcity leads to a problem of choice - where one good must be sacrificed to get another. More...
Population Pyramids - Tamara Woroby
Dr. Woroby uses the population pyramid to help evaluate a demographic time bomb. More...
Fiscal Deficit vs. Debt - Tamara Woroby
Dr. Woroby examines the difference and interaction between a country's fiscal deficit and its debt. More...
RWE Video 6.2 Diminishing Marginal Utility - Thanksgiving Dinner - 4 min 5 s
Tamara Woroby reviews marginal utility using "utils" to measure satisfaction at Thanksgiving dinner. More...
Solution to the Population Pyramid Problem - Tamara Woroby
The number of people leaving the labor force is increasing. More...
Spending Multiplier - Robert Sonora
Dr. Sonora explains how the marginal propensity to consume affects the spending multiplier. More...
Money Supply & The Money Multiplier - Robert Sonora
Dr. Sonora demonstrates how the banking system creates additional money. More...
Money Demand - Robert Sonora
Dr. Sonora explains how interest bearing assets and money interact to affect money demand. More...
Tax Multiplier - Robert Sonora
Dr. Sonora explains the tax multiplier, using a marginal propensity to consume of 0.9. More...
Money Supply - Robert Sonora
Dr. Sonora describes how the Central Bank controls the money supply in the economy through open market operations. More...
RWE Video 5.2 Marginal Product - Shelby Frost - 3 min 54 s
Dr. Frost explores the limits to production in a restaurant. More...
RWE Video 5.2 Income Elasticity of Demand - Shelby Frost - 2 min 38 s
Dr. Frost explores how demand responds to changes in income. More...
RWE Video 5.4 Cross-Price Elasticity of Demand - Shelby Frost - 2 min 35 s
What happens to the demand for one good when the price of another good changes? More...
RWE Video 5.1 Price Elasticity - Shelby Frost - 3 min 24 s
Elasticities are measures of responsiveness - how a change in one variable affects another variable. More...
RWE Video 7.3 Producer Surplus Consumer Surplus - Shelby Frost - 2 min 53 s
How consumers and producers benefit when they trade. More...
Inflationary Gap Without Government Intervention - Marilyn Cottrell
Professor Cottrell describes how an inflationary gap is created. More...
Recessionary Gap Without Government Intervention - Marilyn Cottrell
Marilyn Cottrell explores what happens when governments do not intervene during recessions. More...
Fiscal Policy: Government Spending - Marilyn Cottrell
Professor Cottrell examines how government spending impacts the economy. More...
Fiscal Policy: Taxation - Marilyn Cottrell
Marilyn Cottrell examines the impact of taxation on the economy. More...
Interest Rates vs. Bond Prices - Marilyn Cottrell
Marilyn Cottrell explores how interest rates and bond prices are related. More...
RWE Video 5.1 Oligopoly Introduction - 3 min 34 s
Chris Ruebeck uses the airline industry to explain oligopolies. More...
RWE Video 5.2 Oligopoly - Airlines Versus OPEC - 4 min 44 s
Professor Ruebeck compares collusive and non-cooperative industries using OPEC and the U.S. airline industry. More...
Differentiated Products - Christopher Ruebeck
Professor Ruebeck shows how many differentiated products can cause a less than optimum economic outcome. More...
RWE Video 3.3 Natural Monopoly - Chris Ruebeck -  3 min 14 s
Dr. Ruebeck explores natural monopolies using electric utilities and Google as examples. More...
Monopolistic Competition at Work - Christopher Ruebeck
Dr. Ruebeck illustrates how monopolistic competition can work in the U.S. healthcare system. More...
Capital vs. Investments - Bridget O'Shaughnessy
Bridget O'Shaughnessy reviews the difference between stock and flow variables using capital and investment to illustrate. More...
Calculating GDP - Bridget O'Shaughnessy
Professor O'Shaughnessy describes the income and expenditure methods of calculating GDP. More...
GDP vs. GNP - Tawni Ferrarini
The difference between GDP and GNP. More...
GDP Deflator vs. CPI - Bridget O'Shaughnessy
Dr. O’Shaughnessy reviews how the GDP Deflator and CPI are calculated. More...
Savings vs. Investment - Bridget O'Shaughnessy
Bridget O'Shaughnessy explores how economists define investments. More...
RWE Video 3.1 An Introduction to Monopoly - 3 min 38 s
In this video, Jodi Beggs explores why monopolies arise. More...
RWE Video 7.1 Indifference Curves - Jodi Beggs - 7 min
Jodi Beggs explores Indifference Curves using peanut butter cups and chocolates as examples. More...
RWE Video 3.2 Natural Monopoly - Jodi Beggs - 2 min 7 s
Jodi Beggs explains the economic conditions that leads to a Natural Monopoly. More...
RWE Video 4.1 Price Controls - Jodi Beggs - 5 min 23 s
Jodi Beggs explores the true impact of price controls. More...
RWE Video 5.1 Costs of Production - Jodi Beggs - 4 min 17 s
Jodi Beggs uses cupcakes to demonstrate costs of production. More...
RWE Video 1.2 Production Possibility Frontier Curve - 2 min 56 s
Professor Tawni Ferrarini reviews how economic resources are allocated. More...
Circular Flow of Income - Tawni Ferrarini
Tawni Ferrarini explains the circular flow of income. More...
RWE Video 1.1 - Rational Economic Exchange - 2 min 45 s
Why consumers make rational economic exchanges. More...
GDP vs. GNP - Tawni Ferrarini
The difference between GDP and GNP. More...
Opportunity Cost in International Trade - Tawni Ferrarini
Tawni Ferrarini shows how free trade can benefit everyone. More...