Midterm examination for a class at MIT covering game theory and its …
Midterm examination for a class at MIT covering game theory and its applications to economics. The one-hour-and-twenty-minute open book examination asks open ended theoretical questions. The exam contains questions and solutions.
A rational agent considers both accounting profit and economic profit. In this …
A rational agent considers both accounting profit and economic profit. In this video, see an example highlighting the difference between accounting profit and economic profit from a business and a discussion of explicit and implicit costs of operating a business.
In this video we explore how to derive the demand for a …
In this video we explore how to derive the demand for a factor of production based on how productive that factor is and how much additional revenue that factor brings in. Created by Sal Khan.
Explore the mechanics of adjustable rate mortgages (ARM) in this video, including …
Explore the mechanics of adjustable rate mortgages (ARM) in this video, including how they work and in what situation an ARM might be advantageous and when it might work against you.
Students will use the Census Business Builder: Small Business Edition data access …
Students will use the Census Business Builder: Small Business Edition data access tool to gather and analyze information that entrepreneurs may consider when opening a business. This introductory activity assumes that students have limited experience using data access tools.
Short explanation with graphical quiz to check understanding, on the changes in …
Short explanation with graphical quiz to check understanding, on the changes in aggregate demand, short run aggregate supply and long run aggregate supply and the things that can change them.
We've learned about demand for a good or service, but aggregate demand …
We've learned about demand for a good or service, but aggregate demand is different: its the demand for everything bought in an economy. In this video, we discuss how aggregate demand (AD) is different from demand and why aggregate demand is downward sloping. Created by Sal Khan.
Agriculture is a huge business. Understanding how agriculture makes money is the …
Agriculture is a huge business. Understanding how agriculture makes money is the bioeconomy. While agriculture is not the only industry in the bioeconomy, it is one of the most important! This resource is part of the Agricultural Cyberbiosecurity Education Resource Collection that contains resources for formal and non-formal agricultural educators working with middle school aged youth. Published as Open Educational Resources, all resources are provided in durable (pdf) and customizable (MS Word) formats. They are hosted on GoOpenVA in a unique resource collection, Ag Cybersecurity Virginia Tech, at https://goopenva.org/curated-collections/143 and on on Virginia Tech’s stable repository, VTechWorks at https://doi.org/10.21061/cyberbiosecurity
Intermediate students are asked to analyze data on the components of consumption …
Intermediate students are asked to analyze data on the components of consumption and investment expenditures and explanatory variables based on textbook models of each. Students look for rough correlations between the explanatory and dependent variables.
Application of Oral History to Economics: Family Economic History The assignment will …
Application of Oral History to Economics: Family Economic History The assignment will connect an oral history approach to the examination of economic concepts such as opportunity cost of attending school, economic crises (inflation and unemployment, etc.), and standard of living over time. Particularly, students will interview parents, grandparents, or family members from older generations regarding the types of work they performed, economic decisions they have made, and the economic conditions while they were growing up. The project develops a student's ability to understand and integrate these concepts from a variety of perspectives and real world situation.
The goal of this exercise is to explore the differences in the …
The goal of this exercise is to explore the differences in the stability of attitudes about long term and short term issues. Correlation coefficients, comparisons of correlations, and T-statistics will be used.
In addition to discretionary fiscal policy, there are policies and institutions that …
In addition to discretionary fiscal policy, there are policies and institutions that can help reduce swings in the business cycle. This video discusses the role of automatic stabilizers in the business cycle.
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