Courses on Economics

Displaying 1 - 10 of 104

3. Advertising

Media and CultureAustrian Economics Overview

02/20/2010Audio/Video
Advertising has always had bad press with economists, but consumers discover that a product either works and works well, or it doesn't. Consumer wants are not artificially created by business itself...

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4. Price Controls

Austrian Economics OverviewInterventionism

02/20/2010Audio/Video
Price controls - triangular interventions - occur when an intervener (generally government) either compels a pair of people to make an exchange or prohibits them from making an exchange.

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2. Supply and Demand

Money and BanksAustrian Economics OverviewBusiness Cycles

02/20/2010Audio/Video
In this lecture in 1972, supply and demand concepts included: preferences of consumers, prices, quantity, quality, elasticity, equilibrium, marginal utility, present goods, and production processes.

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12. Labor and Unions

Austrian Economics OverviewInterventionismMonopoly and CompetitionProduction Theory

02/12/2010Audio/Video
In order for anyone to make ethical judgments, he must know the consequences of his various actions. In questions of union actions displacement or unemployment for oneself or others will be considered unfortunate by most people.

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1. Scarcity and Choice

Austrian Economics OverviewCapital and Interest TheoryValue and Exchange

02/12/2010Audio/Video
Economics begins with the concepts of scarcity and choice. If there was no scarcity it would all be free. Resources like time and materials need to be allocated to economically feasible uses. This will depend on the consumers' demand for the final product...

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13. The Labor Market

Austrian Economics OverviewProduction TheoryValue and Exchange

02/12/2010Audio/Video
Economists can say little about population and its size, despite the gloomy views of Malthus. More people are a good thing because of the division of labor. Living standards are higher when populations are higher.

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11. The Structure of Production

Austrian Economics OverviewProduction Theory

02/12/2010Audio/Video
As factors of production, supply and demand of labor, land and capital will determine how much the producer will get out of this process. This process occurs in different stages.

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14. Interest Rates and Course Review

Austrian Economics OverviewCapital and Interest Theory

02/12/2010Audio/Video
The time market determines the pure rate of interest. Price per unit of time may be wages or rent. The interest income will be earned by the capitalist who has assumed the task of advancing present money.

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10. Government Cartels

Big GovernmentAustrian Economics OverviewInterventionism

02/11/2010Audio/Video
The only cartels that have lasted have been government cartels. There is no essential difference between a cartel and an ordinary corporation or partnership. Not even the De Beers cartel is all powerful.

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8. The Firm

Austrian Economics Overview

02/11/2010Audio/Video
Business men must make sure they can cover their costs by incoming revenue. The production function will yield a certain quantity of a product. The firm considers marginal costs and average costs to weigh where along the demand curve production is.

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