How Companies Make Money: Revenue, Profits and Price

https://www.youtube.com/watch?v=UWImfFax8Ew&t=26s Crash Course Economics: "How do companies make money? What are profits? Revenues? How are prices set? Jacob and Adriene are talking business. Whether you're selling cars, pizza, or glow sticks, this video has pretty much all the information you need to run a business. Well, not really, but there's a lot of good stuff...

Seeking Uncomfortable Truths On Injustice

"It's really, really important to make people uncomfortable. … Change only comes from uncomfortable conversations. Change only comes when you are demanding and you are standing in your power and you are demanding to be treated with equality. No one gives you anything ever. Power doesn't cede to anything but power — and truth." I...

‘Hidden Figures’: African American Women Who Worked for NASA During Jim Crow and Contributed to Space Program

https://www.youtube.com/watch?v=U386EMeWo3I "The incredible untold true story of Katherine Johnson (Taraji P. Henson), Dorothy Vaughan (Octavia Spencer) & Mary Jackson (Janelle Monae)—brilliant African-American women working at NASA, who served as the brains behind one of the greatest operations in history: the launch of astronaut John Glenn into orbit. This stunning achievement galvanized the world and inspired...

‘Just Mercy’: Seeking Justice for Death Row Inmates

https://www.youtube.com/watch?v=GVQbeG5yW78 "Just Mercy," a movie based on the best-selling book, "follows young lawyer Bryan Stevenson (Jordan) and his history-making battle for justice. After graduating from Harvard, Bryan had his pick of lucrative jobs. Instead, he heads to Alabama to defend those wrongly condemned or who were not afforded proper representation, with the support of local...

Pros and Cons of Monopolies and Anti-Competitive Markets

https://www.youtube.com/watch?v=Sb_-wfmJnHA Crash Course Economics: "What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband...

Environmental Economics Is Changing the World

https://www.youtube.com/watch?v=BlAfFgKQ5r8 Crash Course Economics: "So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants. This week, Adriene and Jacob focus on the environment,...

Market Failures, Taxes, and Subsidies

https://www.youtube.com/watch?v=13JOGWzY8kE&list=PL8dPuuaLjXtPNZwz5_o_5uirJ8gQXnhEO&index=22 "The question isn’t “which is better: free markets or government?” The question is “how can they work together to make our lives better?” https://youtu.be/13JOGWzY8kE Crash Course Economics: "When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public...

Markets, Efficiency, Price Signals, Price Controls, Subsidies, and the Risks of Good Intentions Around the World

Crash Course Economics: "In free market(ish) economies like the United States and most of the world, markets are a big deal. Markets work to produce the stuff that consumers want, and that society needs. Today we'll talk about productive and allocative efficiency, skinny jeans, price signals, and more in this information-dense installment of Crash Course."...

Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh: Crash Course Econ

You're using marginal analysis right now, in that you are considering the benefits of perusing this blog versus the costs incurred by continuing this activity. This episode of Crash Course Economics introduces Micro-economics -- the behavior of individuals, consumers, households and businesses -- and explains how marginal analysis "guides the decision- making of cities, nations,...

How Economists View Income and Wealth Inequality

https://www.youtube.com/watch?v=0xMCWr0O3Hs Crash Course Economics explains how economic inequality has grown significantly since 1980. Transcript. The US doesn't have the highest income inequality (in the world), but it does have the highest among Western industrialized nations. The UK has the highest in the EU. The top one percent of Americans in 2016 owned 38.5 percent of...