July 25, 2017
July 18, 2017
Introduction to the competitive firm
July 11, 2017
Is it cleaner to trade pollution?
June 27, 2017
Bees, Pollination, and the Coase Theorem
June 20, 2017
How the Department of Energy made your clothes less clean
June 13, 2017
What the flu can teach us about economics
June 06, 2017
An introduction to externalities
Note: This is post #36 in a weekly video series on basic microeconomics.
What are externalities and what are the different kinds of costs? And what does this have to do with the rise of “superbugs”? Continue Reading...
May 30, 2017
What are the arguments against international trade?
Note: This is post #35 in a weekly video series on basic microeconomics.
Does trade harm workers by reducing the number of jobs in the U.S.? Is it wrong to trade with countries that use child labor? Continue Reading...
May 23, 2017
The problem with tariffs and protectionism
Note: This is post #34 in a weekly video series on basic microeconomics.
How do tariffs affect consumers? What about producers? Who wins and who loses? In this video by Marginal Revolution University, economist Alex Tabarrok looks at the costs and consequences of tariffs, quotas, and protectionism. Continue Reading...
May 16, 2017
Should Martha Stewart iron her own shirts?
Note: This is post #33 in a weekly video series on basic microeconomics.
Comparative advantage explains why people trade and what goods they should trade. To illustrate the concept of comparative advantage, Marginal Revolution University’s Alex Tabarrok asks, “Should Martha Stewart iron her own shirts?” Continue Reading...