Interest rates and exchange rates
By combining the supply and demand of money, this program demonstrates how interest rates are determined. The program also examines flexible and fixed exchange rates and looks at how monetary policy works in large and small economies.
The issues and methods of economics
This program describes economics as the study of choices: the concept of opportunity cost illustrates how society makes choices. Other key topics are the trade-off between efficiency and equity objectives; positive and normative statements; and supp...
The market mechanism
Supply and demand is the basic relationship that fundamentally shapes any market-based economy. Module one of this program shows how S&D sets the price of a rose at the Aalsmeer flower auction in the Netherlands; module two reveals how Germany's Fle...
Supply and demand
This program explains how economists use elasticity to measure how demand responds to price. The program also discusses factors that cause shifts in supply and demand and how "the invisible hand" works in free markets and what happens when price con...
Supply theory: the behavior of profit-maximizing firms
This program examines the theory of the firm, which is based on the assumption of profit maximization. The program explains the optimal hiring rule and the optimal output decision, and explores several methods of illustrating a firm's revenue and co...