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Economics unit 1

Study Guide - Learn with Videos

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Factors of Production

  • Guided course
    Human Capital and Entrepreneurship
    02:08
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    Land, Labor, and Physical Capital
    03:09

Circular Flow Diagram

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    Households and Firms
    01:32
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    The Circular Flow Diagram
    04:20

Three Key Economic Ideas

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    Marginal Analysis
    09:36
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    People Are Rational
    02:02
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    Economic Incentives
    01:40

Public Solutions to Externalities

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    Public Solutions to Externalities: Quantity Limits
    04:07
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    Public Solutions to Externalities: Command-and-Control Policies and Corrective Pigovian Taxes and Subsidies
    16:25

The Free Rider Problem and the Tragedy of the Commons

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    Tragedy of the Commons
    07:34
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    Free Rider Problem
    06:11

Introduction to Economics

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    Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
    04:30
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    Definition of Economics: Micro vs. Macro
    02:04
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    Economic Systems
    01:42