Economic Lowdown Video Series

OVERVIEW

Teaching economics? Use these 11 economics videos to introduce basic concepts and assess student performance with a multiple-choice quiz included with each assignment.

Grade Level

High School College

Topics

Scarcity Decision-Making GDP Markets Inflation Labor & Income Unemployment International Trade Fiscal Policy Market Failure

There Is No Such Thing as a Free Lunch

Explain the three important economic concepts of scarcity, choice, and opportunity cost.

Circular Flow

This video assignment explains the circular flow model. Show how households and businesses interact in the market for resources and goods.

Demand

Teach how a change in the price of a good affects the quantity of the good consumers will buy and how changes in market conditions affect the demand for a good.

Supply

Teach how changes in the price of a good affect the quantity of the goods produced and how changes in market conditions will affect the supply curve.

Equilibrium

This video assignment explains the concept of equilibrium.

Inflation

Explain what inflation is, what causes it, how it is measured, and the Federal Reserve’s goal for the inflation rate.

Gross Domestic Product

See what GDP measures, how it's calculated, and how GDP can be used as indicator of standard of living.

The Labor Market

This video explains the basics of the labor market and how the laws of supply and demand determine the wage and quantity of labor employed in various labor markets.

Unemployment

Explain what unemployment is, how it is measured, and the different types of unemployment.

Externalities

Introduce the concept of externalities and how costs and benefits sometimes affect bystanders

Factors of Production

This video assignment explains the four factors of production, describes the payment each earns, and includes a short video assignment quiz—game-show style.