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Economics U$A: 21st Century Edition, Unit 1, Markets: Do They Serve Our Needs?
The return of U.S. troops from overseas following World War II created a massive demand for cheap housing. Rising labor and energy costs in the United States in the '60s and '70s forced domestic steel manufacturer NUCOR to find ways to lower production costs. In 2009, rookie pitcher phenomenon Stephen Strasburg si...
The return of U.S. troops from overseas following World War II created a massive demand for cheap housing. Rising labor and energy costs in the United States in the '60s and '70s forced domestic steel manufacturer NUCOR to find ways to lower production costs. In 2009, rookie pitcher phenomenon Stephen Strasburg signed the largest rookie contract in baseball history. These stories show how a well-functioning free market pricing system determines h...
The return of U.S. troops from overseas following World War II created a massive demand for cheap housing. Rising labor and energy costs in the United States in the '60s and '70s forced domestic steel manufacturer NUCOR to find ways to lower production costs. In 2009, rookie pitcher phenomenon Stephen Strasburg signed the largest rookie contract in baseball history. These stories show how a well-functioning free market pricing system determines how producers manufacture goods, what they will pay, what goods will be manufactured, and for whom the goods will be produced.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 2, The Firm: How Can It Keep Costs Down?
In 1980, Coca Cola replaced sugar with high fructose corn extract in order to alleviate higher production costs. In 1963, Studebaker closed its plant, unable to increase sales and take advantage of assembly line production. In the new century, printing and publishing company Printpod, Inc. avoided increasing domes...
In 1980, Coca Cola replaced sugar with high fructose corn extract in order to alleviate higher production costs. In 1963, Studebaker closed its plant, unable to increase sales and take advantage of assembly line production. In the new century, printing and publishing company Printpod, Inc. avoided increasing domestic labor expenses by tapping into the workforce in India. These stories show how competitive firms minimize their costs of production...
In 1980, Coca Cola replaced sugar with high fructose corn extract in order to alleviate higher production costs. In 1963, Studebaker closed its plant, unable to increase sales and take advantage of assembly line production. In the new century, printing and publishing company Printpod, Inc. avoided increasing domestic labor expenses by tapping into the workforce in India. These stories show how competitive firms minimize their costs of production by utilizing an optimal combination of inputs and scale of operation, while others fall by the wayside.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 3, Supply and Demand: What Sets the Price?
A two-year drought in California in the 1970s motivated areas such as Marin County to conserve by reducing their water consumption by as much as 66 percent. Following the Arab oil embargoes of 1973, the Nixon administration latched onto the world price of "new" oil, encouraging domestic oil suppliers to drill agai...
A two-year drought in California in the 1970s motivated areas such as Marin County to conserve by reducing their water consumption by as much as 66 percent. Following the Arab oil embargoes of 1973, the Nixon administration latched onto the world price of "new" oil, encouraging domestic oil suppliers to drill again. Jordache designer jeans used creative advertising to create a demand for blue jeans. These stories illuminate factors that determine...
A two-year drought in California in the 1970s motivated areas such as Marin County to conserve by reducing their water consumption by as much as 66 percent. Following the Arab oil embargoes of 1973, the Nixon administration latched onto the world price of "new" oil, encouraging domestic oil suppliers to drill again. Jordache designer jeans used creative advertising to create a demand for blue jeans. These stories illuminate factors that determine the quantity of goods demanded by consumers and the factors that determine the quantity of goods supplied.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 4, Perfect Competition & Inelastic Demand: Can the Farmer Make a Profit?
Farmers lured into producing massive food surpluses for WWI could no longer profit when the war ended and demand plummeted. After 1933, President Franklin D. Roosevelt sought to improve the conditions of farmers via policies in his New Deal plan. Government subsidies later allowed for corporate ownership of a majo...
Farmers lured into producing massive food surpluses for WWI could no longer profit when the war ended and demand plummeted. After 1933, President Franklin D. Roosevelt sought to improve the conditions of farmers via policies in his New Deal plan. Government subsidies later allowed for corporate ownership of a majority of farmers. The Freedom to Farm Bill of 1996 gave farmers a little more maneuverability, but for the most part farmers are still h...
Farmers lured into producing massive food surpluses for WWI could no longer profit when the war ended and demand plummeted. After 1933, President Franklin D. Roosevelt sought to improve the conditions of farmers via policies in his New Deal plan. Government subsidies later allowed for corporate ownership of a majority of farmers. The Freedom to Farm Bill of 1996 gave farmers a little more maneuverability, but for the most part farmers are still held to the fluctuating demand statuses of large competitive firms.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 5, Economic Efficiency: What Price Controls?
In preparation for WWII, the Roosevelt administration instituted wage price and price controls to curb inflation and better focus production on war materials. When the Nixon administration set up price controls for beef, farmers attempted to stifle the supply by withholding animals from the markets. Following WWII...
In preparation for WWII, the Roosevelt administration instituted wage price and price controls to curb inflation and better focus production on war materials. When the Nixon administration set up price controls for beef, farmers attempted to stifle the supply by withholding animals from the markets. Following WWII, rent controls established to aid returning war veterans cut into landlord profits and consequently led some to abandon properties. Th...
In preparation for WWII, the Roosevelt administration instituted wage price and price controls to curb inflation and better focus production on war materials. When the Nixon administration set up price controls for beef, farmers attempted to stifle the supply by withholding animals from the markets. Following WWII, rent controls established to aid returning war veterans cut into landlord profits and consequently led some to abandon properties. These stories examine how the "invisible hand" behind free markets operates, the reasons for interfering with free markets, and the costs of doing so.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 6, Monopoly: Who's In Control?
In 1890, the Sherman Anti-Trust Act broke up the monopoly that John D. Rockefeller and his company, Standard Oil, had on the oil industry. In 1914, the federal government was sold on the concept of universal telephone service provided by Ma Bell, a monopoly that was ended by the development of a new technology. In...
In 1890, the Sherman Anti-Trust Act broke up the monopoly that John D. Rockefeller and his company, Standard Oil, had on the oil industry. In 1914, the federal government was sold on the concept of universal telephone service provided by Ma Bell, a monopoly that was ended by the development of a new technology. In 1998, the U.S. government filed a suit against the world's largest software company, Microsoft, for participating in anti-competitive...
In 1890, the Sherman Anti-Trust Act broke up the monopoly that John D. Rockefeller and his company, Standard Oil, had on the oil industry. In 1914, the federal government was sold on the concept of universal telephone service provided by Ma Bell, a monopoly that was ended by the development of a new technology. In 1998, the U.S. government filed a suit against the world's largest software company, Microsoft, for participating in anti-competitive practices. These stories explain what monopolies are, and why government sometimes chooses to intervene.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 7, Oligopolies: Whatever Happened to Price Competition?
Competition with General Motors eventually rendered Ford's single-option Model-T obsolete. In 1959, a reporter for the Knoxville News-Sentinel discovered a price-fixing scandal between three big-name electric companies in each of their closed bids to the Tennessee Valley Authority. In the late 1970s, President Jim...
Competition with General Motors eventually rendered Ford's single-option Model-T obsolete. In 1959, a reporter for the Knoxville News-Sentinel discovered a price-fixing scandal between three big-name electric companies in each of their closed bids to the Tennessee Valley Authority. In the late 1970s, President Jimmy Carter ordered Professor Alfred Kahn to deregulate the airline industry, which had been a federally protected oligarchy. These are a...
Competition with General Motors eventually rendered Ford's single-option Model-T obsolete. In 1959, a reporter for the Knoxville News-Sentinel discovered a price-fixing scandal between three big-name electric companies in each of their closed bids to the Tennessee Valley Authority. In the late 1970s, President Jimmy Carter ordered Professor Alfred Kahn to deregulate the airline industry, which had been a federally protected oligarchy. These are all examples of oligopolies and the forces that influence them.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 8, Pollution and the Environment: How Much is a Clean Environment Worth?
In 1977, the federal court system told the Reserve Mining Company to build a $400 million disposal site for carcinogenic materials. After 1970, Los Angeles was looking for a broad-ranging smog-reduction policy to reflect recently amended Clean Air Act standards. In 2009, the House of Representatives introduced the...
In 1977, the federal court system told the Reserve Mining Company to build a $400 million disposal site for carcinogenic materials. After 1970, Los Angeles was looking for a broad-ranging smog-reduction policy to reflect recently amended Clean Air Act standards. In 2009, the House of Representatives introduced the first piece of comprehensive clean energy legislation, known as the American Clean Energy and Security Act, which both economists and...
In 1977, the federal court system told the Reserve Mining Company to build a $400 million disposal site for carcinogenic materials. After 1970, Los Angeles was looking for a broad-ranging smog-reduction policy to reflect recently amended Clean Air Act standards. In 2009, the House of Representatives introduced the first piece of comprehensive clean energy legislation, known as the American Clean Energy and Security Act, which both economists and energy providers could support. Pollution is a "negative externality," which, as these stories show, can have serious consequences for economic efficiency.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show lessEconomics U$A: 21st Century Edition, Unit 9, Labor and Management: How Do They Come to Terms?
The International Ladies Garment Workers' Union (ILGWU) strike in the early 1900s was inspired by poor working conditions and low wages. In 1984, Congress bailed out the Chrysler Auto company after Chairman Lee Iaccoca and Douglas Fraser, chief of the United Auto Workers, came to an agreement. Why does Walmart cho...
The International Ladies Garment Workers' Union (ILGWU) strike in the early 1900s was inspired by poor working conditions and low wages. In 1984, Congress bailed out the Chrysler Auto company after Chairman Lee Iaccoca and Douglas Fraser, chief of the United Auto Workers, came to an agreement. Why does Walmart choose low prices over high wages, and how do they get away with it? These stories show how labor unions and corporate managers battle to...
The International Ladies Garment Workers' Union (ILGWU) strike in the early 1900s was inspired by poor working conditions and low wages. In 1984, Congress bailed out the Chrysler Auto company after Chairman Lee Iaccoca and Douglas Fraser, chief of the United Auto Workers, came to an agreement. Why does Walmart choose low prices over high wages, and how do they get away with it? These stories show how labor unions and corporate managers battle to affect the supply of labor, wages, and prices.
Show more Show lessEconomics U$A: 21st Century Edition, Unit 10, Profits and Interest: How Do You Get the Best Return?
In response to rising interest rates in the 1970s, the Maryland legislature raised usury ceilings so that more home loans would be available. In December of 1980 Apple Computers went public, affirming four years of hard work with substantial compensation for its founders. Pharmaceutical companies invest millions i...
In response to rising interest rates in the 1970s, the Maryland legislature raised usury ceilings so that more home loans would be available. In December of 1980 Apple Computers went public, affirming four years of hard work with substantial compensation for its founders. Pharmaceutical companies invest millions in bringing new drugs to market. How much profit do they get in return? These stories exhibit economic reasons for interest payments and...
In response to rising interest rates in the 1970s, the Maryland legislature raised usury ceilings so that more home loans would be available. In December of 1980 Apple Computers went public, affirming four years of hard work with substantial compensation for its founders. Pharmaceutical companies invest millions in bringing new drugs to market. How much profit do they get in return? These stories exhibit economic reasons for interest payments and how investments in facilities and equipment are related to interest rates and expected profits on investment.
About the series:
A video instructional series on micro- and macroeconomics for college and high school classrooms and adult learners; 28 half-hour video programs; 28 audio programs; coordinated text and guides; and Web site.
Explore economic history, theory, and practice through case studies and interviews with Nobel-prize winning and major economists. The series covering macro, micro, and international economics features Milton Friedman, Paul Samuelson, John Kenneth Galbraith, Alice Rivlin, and Ben Bernanke, among others. Major economic events, including the 2008 banking crisis and technology's influence on the economy, connect economic theory to the headlines. The full complement of material includes audio interviews and a coordinated Web site.
Economics U$A: 21st Century Edition is produced by the Educational Film Center. 2012
Show more Show less