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Economic Models Basic Economics Concepts Ap Macroeconomics And Microeconomics Khan Academy

Why economists use models and their limitations. View more lessons or practice this subject at ...

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This video discusses two closely related ideas in economics: scarcity and rivalry. Watch the next lesson: ...

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An introduction to the difference between command economies and market economies. View more lessons or practice this subject at ...

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In this video Sal explains how the production possibilities curve model can be used to illustrate changes in a country's actual and potential level of output.

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Comparative advantage worked example. Type of question you would see on an AP economics exam. View more lessons or practice this subject at ...

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Introduction to scarcity as the notion underpinning the study of economics. View more lessons or practice this subject at ...

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Basic introduction to what microeconomics and macroeconomics study. A bit on Adam Smith. Watch the next lesson: ...

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In a previous lesson we learned that there is the potential for two countries to gain from trade. But it is also possible that there might not be the potential to gain ...

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In this video, learn about the definition of economic growth and how growth occurs. AP(R) Macroeconomics on Khan Academy: Macroeconomics is all about ...

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An introduction to normative statements and positive statements in economics. View more lessons or practice this subject at ...

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In this video I explain the Circular Flow Matrix and how products, resources, and money flow in a market economy. I also define the factors of production, public ...

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Welcome to You/Will/Love Economics! This video lecture analyzes the graph at the heart of macroeconomics: the business cycle! First, we will define basic terms ...

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In this video I quickly cover all the concepts and graph that you will see in an AP macroeconomics or college-level introductory macroeconomics course.

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Contrasting Keynesian and Classical Thinking Watch the next lesson: ...

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Tradeoffs for a hunter gatherer and the production possibilities frontier, and the notion of "ceteris paribus" (which means "everything else held equal"). Watch the ...

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Understanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward ...

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In this video, we explore how we can use opportunity costs to determine who has comparative advantage in producing a good. By specializing in the production ...

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Production possibility curves for increasing, decreasing and constant opportunity cost. View more lessons or practice this subject at ...

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When governments impose restrictions on international trade, this affects the domestic price of the good and reduces total surplus. One such imposition is a tariff ...

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The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover ...

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