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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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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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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4. Price Controls in the Oil Industry

Austrian Economics OverviewInterventionismPrices

02/11/2010Audio/Video
The disappearance of oil has been forecast every decade. Prices were overlooked. When the price is high it is more profitable to look for oil. Total reserves on the ground are higher than they were in 1890.

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9. Monopoly and Competition

Austrian Economics OverviewMonopoly and CompetitionProduction Theory

02/11/2010Audio/Video
The words monopoly and competition have been changed. Competition meant rivalry or competing, either active or potential. Businesses do not like this. Monopoly meant a grant of privilege by the government. It now means falling demand curve.

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