FINANCIAL LITERACY
The 'LUMINOUS' SCIENCE
Modern resources can transform "the dismal science" into something much more obtainable, insightful and quite frankly more enjoyable; a "luminous science".
–KMN
–KMN
Other KMN Financial Literacy pages:
Educational Resources:The History of Money
Naked Economics:
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Excerpt from Mises Institute Book Review (07/30/2014)
For the usual readers of free market books, Naked Economics promises exciting reading. Charles Wheelan, an American correspondent of London’s Economist and a lecturer at Northwestern University, promises to “undress the dismal science.” Undressing in this sense means “stripping away all of the diagrams, equations, and jargon” and making it the science of real life. “Dismal” means that misunderstanding of the science that equates it with boredom, vagueness, and sheer dullness that Thomas Carlyle forever smeared economics with. In the Foreword, Burton Malkiel calls the book “truly unique,” because Wheelan succeeds in giving us “a delightfully readable guide to economic literacy.” |
Economix: How and Why Our Economy Works (and Doesn't Work) in Words and Pictures
by Michael Goodwin
Excerpt from Publisher Weekly Book Review (08/20/2012)
"Economics is terrifying. Even if one doesn't consider the bleak state of the current world economy, just attempting to create a mental picture of the complex systems of market forces, government agencies, and human psychologies that drive the economy can be like trying to visualize a map of the universe. But Goodwin and illustrator Burr argue that the economy is easy enough to understand if you break it down into bite-sized chunks, roughly the dimensions of a comic panel. They tell the story of the economy starting with its first documented examination by Adam Smith and working their way up to 2011. That devotion to thoroughness makes this a dense yet quite accessible read..." |
Financial Education sites:

Economics Study Guide and Resources for Students*
www.sefcu.com
Economics is a diverse and involved subject that includes the actions of individuals, businesses, and municipalities on the local, national, and international level. When you take an economics course, you will learn valuable information about managing money, investing, and business topics such as supply and demand. It's important to understand how to use bank credit services and online banking as you manage your finances. A thorough understanding of personal and professional economics will help you manage your personal finances and conduct business professionally.
Basic Concepts
www.sefcu.com
Economics is a diverse and involved subject that includes the actions of individuals, businesses, and municipalities on the local, national, and international level. When you take an economics course, you will learn valuable information about managing money, investing, and business topics such as supply and demand. It's important to understand how to use bank credit services and online banking as you manage your finances. A thorough understanding of personal and professional economics will help you manage your personal finances and conduct business professionally.
Basic Concepts
- Division of Labor, Economic Specialization, and the Evolution of Social Stratification (PDF)
- Economic Institutions, Behavior, and Performance
- The Economics of Incentives (PDF)
- Property Rights
- Overview of Global Interdependence
- Scarcity: Why Having Too Little Means So Much
- Opportunity Cost
- Productive Resources (PDF)
- Understanding Basic Economic Concepts
- Why It's Important to Understand Economics
- What American Teens and Adults Know About Economics (PDF)

*Identified and recommended by Mia and Ms. Torres from Colorado

How the Market Works
www.howthemarketworks.com
Collection of resources for teachers like lesson plans, contest creation help, classroom activities, and more!
www.howthemarketworks.com
Collection of resources for teachers like lesson plans, contest creation help, classroom activities, and more!
- Creating Assignments On HowTheMarketWorks
- Engaging Students In The Summer
- Lesson Plans
- HTMW Webinar Schedule
- NYSE Teacher Workshops
- College Made Easy
- Teachers Guide
- Create a Contest
- Contest Help
- Get Started in the Stock Market Game with these 10 Easy Steps
- Teachers Lounge
- Investment Clubs
- Teacher Resource Center

Investor.gov
U.S. Security and Exchange Commision
www.investor.gov
Teachers
As a teacher, you have the ability to reach students when they are beginning to understand finances. Help them to establish a sound financial footing and put them on a path to develop their wealth.
U.S. Security and Exchange Commision
www.investor.gov
Teachers
As a teacher, you have the ability to reach students when they are beginning to understand finances. Help them to establish a sound financial footing and put them on a path to develop their wealth.
- Classroom Resources gives an overview of topics that can be covered in the classroom and activities to illustrate the concepts for students.
- SEC Publications we offer full-color printed versions of some of our most popular online materials. Teachers may order classroom sets of ourSaving and Investing for Students brochure, by going to:http://promotions.usa.gov/seceducators.html
- Other Resources includes lesson plans and additional materials you may find useful. There also is a “Just for Teachers” section with information to help you better understand various financial products that are available.

NEFE
National Endowment for
Financial Education
www.nefe.org
Welcome to NEFE
We are committed to forward-thinking financial education.The National Endowment for Financial Education (NEFE) is the leading private nonprofit 501(c)(3) national foundation dedicated to inspiring empowered financial decision making for individuals and families through every stage of life.
With more than a quarter-century of dedication to the public good, NEFE continues its legacy of service with commitment to providing financial education and practical information to people at all financial levels, including:
National Endowment for
Financial Education
www.nefe.org
Welcome to NEFE
We are committed to forward-thinking financial education.The National Endowment for Financial Education (NEFE) is the leading private nonprofit 501(c)(3) national foundation dedicated to inspiring empowered financial decision making for individuals and families through every stage of life.
With more than a quarter-century of dedication to the public good, NEFE continues its legacy of service with commitment to providing financial education and practical information to people at all financial levels, including:
- Youth and adult financial education resources
- Training tools from the classroom to the workplace
- Research and consumer surveys
Federal Reserve Bank of San Francisco
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Bureau of Engraving and Printing
U.S. Department of The Treasury www.bep.treas.gov Resource Center The U.S. Currency Education Program offers a wide range of free educational and training resources. |
The nation’s only independent museum dedicated to preserving, exhibiting and teaching about American finance and financial history. Housed in an historic bank building on Wall Street, the Museum’s magnificent grand mezzanine banking hall provides an ideal setting for permanent exhibits on the financial markets, money, banking, entrepreneurship and Alexander Hamilton.
Education Materials
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JumpStart Coalition for
Personal Financial Literacy
www.jumpstart.org
Jump$tart is a coalition of diverse financial education stakeholders. These organizations work together to educate and prepare our nation's youth for life-long financial success.
Personal Financial Literacy
www.jumpstart.org
Jump$tart is a coalition of diverse financial education stakeholders. These organizations work together to educate and prepare our nation's youth for life-long financial success.
- Clearinghouse - Jump$tart’s online Clearinghouse is the nation’s most comprehensive collection of financial education resources suitable for students in pre-kindergarten through college. All of the resources listing in the Clearinghouse have been reviewed for appropriateness, based on the National Standards in K-12 Personal Finance Education.
- National Standards - The third edition of the National Standards in K-12 Personal Finance Education was developed by the Jump$tart Coalition with a team of academic experts and 50 content reviewers.
- Survey - Between 1997 and 2008, Jump$tart’s Biennial Survey of Financial Literacy Among High School Students was arguably the most notable and most often quoted research on the level of financial knowledge among American youth.
- Best Practices - Jump$tart developed its “Best Practices” for teachers, authors, publishers, educational consultants, and other to use when developing and/or selecting personal finance educational materials.
- Reality Check - When it comes to understanding what it’s really going to take to live independently as an adult consumer, most young people need a “reality check.”
- Downloadable Resources - An important role for Jump$tart, as a coalition, is to connect its partners, state coalitions, and anyone else interested in advancing financial literacy, with relevant reports and information that might aid them in their efforts.

Money and Stuff Info
www.moneyandstuff.info
MoneyAndStuff.info was created with educators in mind. Ohio's credit unions want to make it easy for you to teach financial concepts to your students (whatever ages they are).
General lessons on personal financial topics and money handling.
LESSON 2: SAVINGS & BUDGETING
Budgeting is one of the most important aspects of smart financial management. Get lessons and activities for all ages.
LESSON 3: CREDIT CONCEPTS
Using credit and borrowing money can be a smart, but but you have to know how to do it responsibly.
LESSON 4: FUTURE GOALS
Planning for the future is critical to smart money management.
LESSON 5: INVESTING
Make your money work for you with smart investing decisions.
BIZKID$ LESSONS
The free BizKid$ online curriculum includes instructions on how to teach Biz Kid$ lessons to children.
Credit Union volunteers may be available in your area to teach a session. For more information on partnering with a credit union near you, visit the partner page or contact the Ohio Credit Union League via email or at 1-800-486-2917.
www.moneyandstuff.info
MoneyAndStuff.info was created with educators in mind. Ohio's credit unions want to make it easy for you to teach financial concepts to your students (whatever ages they are).
- Use the MoneyAndStuff.info Classroom Activities
Use these fun activities and games to teach money concepts to younger children using common items and simple concepts. - Use MoneyAndStuff.info Classroom Lessons
The MoneyAndStuff.info experts have compiled these comprehensive lesson plans for use in classrooms at no cost to educators. Select from three levels for each topic: Beginner, Intermediate, and Advanced. Select lessons are available in Spanish.
Each lesson is available in Beginner, Intermediate and Advanced levels.
General lessons on personal financial topics and money handling.
LESSON 2: SAVINGS & BUDGETING
Budgeting is one of the most important aspects of smart financial management. Get lessons and activities for all ages.
LESSON 3: CREDIT CONCEPTS
Using credit and borrowing money can be a smart, but but you have to know how to do it responsibly.
LESSON 4: FUTURE GOALS
Planning for the future is critical to smart money management.
LESSON 5: INVESTING
Make your money work for you with smart investing decisions.
BIZKID$ LESSONS
The free BizKid$ online curriculum includes instructions on how to teach Biz Kid$ lessons to children.
Credit Union volunteers may be available in your area to teach a session. For more information on partnering with a credit union near you, visit the partner page or contact the Ohio Credit Union League via email or at 1-800-486-2917.
- Print free coloring & activity pages
- Use MoneyAndStuff.info online money videos
- Order the Biz Kid$ textbook on the banking and financial system
- Use the online FoolProof curriculum
- Partner with a local credit union
...For more information on partnering with a credit union near you, visit the partner page or contact the Ohio Credit Union League via email or at 1-800-486-2917. - Open a student-run credit union in your school
- Play the Finances 101 Game Online
Finances 101 is a free online 'Sim' game that teaches high school students about the financial demands of the real world. - Help students make a budget.

AFSA Money Skills
www.moneyskill.org
MoneySKILL is a FREE online reality based personal finance course for young adults developed by the AFSA Education Foundation.
MoneySKILL's special features:
www.moneyskill.org
MoneySKILL is a FREE online reality based personal finance course for young adults developed by the AFSA Education Foundation.
MoneySKILL's special features:
- It's free!
- Available for use by teachers, parents, employers, government agencies and non-profit organizations.
- Select specific modules and order of study for students' course.
- Indicate a module retake score for students.
- Add release date for student to begin module.
- Records date student completed module.
- View student answers to questions.
- Recreate/duplicate modules used for a previous class.
- Electronic grade book records each student's module test scores and course grade.
- Import class roster into the electronic grade book.
- Create certificate of completion.

VISA Practical Money Skills
for Everyone
www.practicalmoneyskills.com
With a diverse range of resources; including free lesson plans, educational games for classroom use and profiles of inspiring educators; Practical Money Skills hopes to empower educators, enable student learning, and help provide people of all ages with the tools necessary for financial success.
for Everyone
www.practicalmoneyskills.com
With a diverse range of resources; including free lesson plans, educational games for classroom use and profiles of inspiring educators; Practical Money Skills hopes to empower educators, enable student learning, and help provide people of all ages with the tools necessary for financial success.

H&R Block Budget Challenge
www.hrblock.budgetchallenge.com
By participating in the H&R Block Budget Challenge, you will learn and practice many real-world money management skills: Paying bills, managing expenses, saving money, investing in retirement and more.
We consider three skill areas to be the most important and those determine your individual leaderboard score.
www.hrblock.budgetchallenge.com
By participating in the H&R Block Budget Challenge, you will learn and practice many real-world money management skills: Paying bills, managing expenses, saving money, investing in retirement and more.
We consider three skill areas to be the most important and those determine your individual leaderboard score.
- Balancing your current and future cash needs: Maximizing your tax-deferred savings while maintaining enough money in a checking account to pay for bills. Your skill at balancing the present while building for the future is evaluated by the amount of money saved into your 401(k) savings account.
- Paying bills on time and on budget: Managing your cash flow on a tight budget. This skill is evaluated by fee avoidance, with a special emphasis on timeliness of bill payments.
- Resourcefulness, understanding and practical application of financial concepts: This means being proactive in searching for information and applying it to your benefit on a quiz, or in communicating with vendor customer service to resolve any unexpected issues that may arise. This skill is evaluated by quiz points and any point rewards from negotiation with customer service.

IRS - Understanding your Taxes
(Teachers & Students)
apps.irs.gov/app/understandingTaxes/index.jsp
Access all the great educational content found in the Understanding Taxes program on the Internet! This online version includes detailed lesson plans, interactive activities, simulations, and more!
For Educators, every Understanding Taxes lesson includes the correlations to national and state educational standards. Each lesson plan includes a link to the applicable national and state standards, making it simple to integrate Understanding Taxes into your existing classroom curricula.
(Teachers & Students)
apps.irs.gov/app/understandingTaxes/index.jsp
Access all the great educational content found in the Understanding Taxes program on the Internet! This online version includes detailed lesson plans, interactive activities, simulations, and more!
For Educators, every Understanding Taxes lesson includes the correlations to national and state educational standards. Each lesson plan includes a link to the applicable national and state standards, making it simple to integrate Understanding Taxes into your existing classroom curricula.

Ohio's Financial EDge
www.tos.ohio.gov/financialedge
Financial EDge is a suite of personal finance tools in support of Ohio’s parents, educators and students. Made available by Ohio Treasurer Josh Mandel’s office, Financial EDge leverages technology, engages non-profit organizations, and cultivates public-private partnerships to connect educators with helpful and innovative financial education resources.
www.tos.ohio.gov/financialedge
Financial EDge is a suite of personal finance tools in support of Ohio’s parents, educators and students. Made available by Ohio Treasurer Josh Mandel’s office, Financial EDge leverages technology, engages non-profit organizations, and cultivates public-private partnerships to connect educators with helpful and innovative financial education resources.

Ohio Insurance Insitute
www.ohioinsurance.org
OII offers a variety of teacher resources to help explain auto, home and renters insurance to students. Sign up for information alerts too.
OII offers teacher materials in a variety of formats to help explain auto, home and renters insurance to students. Our resources—from speakers to interactive games to a teacher graduate course—address ever-changing needs in today’s classroom.
www.ohioinsurance.org
OII offers a variety of teacher resources to help explain auto, home and renters insurance to students. Sign up for information alerts too.
OII offers teacher materials in a variety of formats to help explain auto, home and renters insurance to students. Our resources—from speakers to interactive games to a teacher graduate course—address ever-changing needs in today’s classroom.

Ohio Consumer Council
www.occ.ohio.gov
The Office of the Ohio Consumers' Counsel (OCC), the residential utility consumer advocate, represents the interests of 4.5 million households in proceedings before state and federal regulators and in the courts. The state agency also educates consumers about electric, natural gas, telephone and water issues.
www.occ.ohio.gov
The Office of the Ohio Consumers' Counsel (OCC), the residential utility consumer advocate, represents the interests of 4.5 million households in proceedings before state and federal regulators and in the courts. The state agency also educates consumers about electric, natural gas, telephone and water issues.

Council for Economic Education
www.econedlink.org
EconEdLink provides a premier source of classroom-tested, Internet-based economic and personal finance lesson materials for K-12 teachers and their students. With over 435 lessons to choose from, teachers can use as many of the lessons as they would like and as often as they would like.
www.econedlink.org
EconEdLink provides a premier source of classroom-tested, Internet-based economic and personal finance lesson materials for K-12 teachers and their students. With over 435 lessons to choose from, teachers can use as many of the lessons as they would like and as often as they would like.

Foundation for Teaching Economics
www.fte.org
The mission of the FTE is to introduce young individuals, selected for their leadership potential, to an economic way of thinking about national and international issues, and to promote excellence in economic education by helping teachers of economics become more effective educators.
www.fte.org
The mission of the FTE is to introduce young individuals, selected for their leadership potential, to an economic way of thinking about national and international issues, and to promote excellence in economic education by helping teachers of economics become more effective educators.

Dave Ramsey - Foundations School edition
www.daveramsey.com
The industry leader in personal finance curriculum.
Less than half of high school seniors qualify as financially literate, and more than 7 million borrowers are in default on student loans for college. Students are facing tremendous financial challenges without the basic knowledge needed to thrive in today's economy.
www.daveramsey.com
The industry leader in personal finance curriculum.
Less than half of high school seniors qualify as financially literate, and more than 7 million borrowers are in default on student loans for college. Students are facing tremendous financial challenges without the basic knowledge needed to thrive in today's economy.

The Ellen MacArthur Foundation
ellenmacarthurfoundation.org
OUR MISSION IS TO ACCELERATE THE TRANSITION TO A CIRCULAR ECONOMY
The Ellen MacArthur Foundation works with business, government and academia to build a framework for an economy that is restorative and regenerative by design.
ellenmacarthurfoundation.org
OUR MISSION IS TO ACCELERATE THE TRANSITION TO A CIRCULAR ECONOMY
The Ellen MacArthur Foundation works with business, government and academia to build a framework for an economy that is restorative and regenerative by design.
What is the Circular Economy 100?
The Circular Economy 100 is a global platform bringing together leading companies, emerging innovators and regions to accelerate the transition to a circular economy over a 1000-day (3 year) period.
The Circular Economy 100 aims to provide members with privileged access to a range of academic and practical tools, leveraging the Foundation's existing knowledge base, education assets, ongoing research efforts and insight into other companies' experience and learning from case studies.
The Circular Economy 100 aims to provide members with privileged access to a range of academic and practical tools, leveraging the Foundation's existing knowledge base, education assets, ongoing research efforts and insight into other companies' experience and learning from case studies.

EVERFI
www.everfi.com
In 2008, the EverFi founders drove an RV across the country meeting with students, teachers, principals, and superintendents from coast to coast. From inner-city Los Angeles to Native American reservations, from the suburbs of Chicago to the fields of the Mississippi Delta, a common story emerged about the tough issues that put pressure on students and families. We founded EverFi to tackle these tough issues.
Today, EverFi is the leading education technology company focused on teaching, assessing, badging, and certifying students in critical skills. We combine cutting-edge personalized technology, deep education research and data, and a dedicated implementation team that allows each teacher to feel as though they have a blended learning assistant in their classroom. Most importantly, EverFi partners with the private sector and foundations that sponsor this innovation across the country.
www.everfi.com
In 2008, the EverFi founders drove an RV across the country meeting with students, teachers, principals, and superintendents from coast to coast. From inner-city Los Angeles to Native American reservations, from the suburbs of Chicago to the fields of the Mississippi Delta, a common story emerged about the tough issues that put pressure on students and families. We founded EverFi to tackle these tough issues.
Today, EverFi is the leading education technology company focused on teaching, assessing, badging, and certifying students in critical skills. We combine cutting-edge personalized technology, deep education research and data, and a dedicated implementation team that allows each teacher to feel as though they have a blended learning assistant in their classroom. Most importantly, EverFi partners with the private sector and foundations that sponsor this innovation across the country.

Bankrate
www.bankrate.com
Bankrate is a personal finance company that guides people through pivotal steps of their financial journey. Whether you’re a recent college graduate searching for your first mortgage, or a retiree seeking effective ways to safely grow your savings, Bankrate provides accurate rate information, intuitive calculators and curated editorial content to help you reach your goals.
www.bankrate.com
Bankrate is a personal finance company that guides people through pivotal steps of their financial journey. Whether you’re a recent college graduate searching for your first mortgage, or a retiree seeking effective ways to safely grow your savings, Bankrate provides accurate rate information, intuitive calculators and curated editorial content to help you reach your goals.
Compare rates, crunch numbers and get expert guidance for life's pivotal financial moments.
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Maximize your savings with 200+ calculators
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Bank of America & Khan Academy
www.bettermoneyhabits.com
You're on your way to Better Money Habits™ Build your financial know-how with free tools and information to help you make more confident decisions. It's a simple way of getting real, practical knowledge, brought to you by Bank of America in partnership with Khan Academy.
www.bettermoneyhabits.com
You're on your way to Better Money Habits™ Build your financial know-how with free tools and information to help you make more confident decisions. It's a simple way of getting real, practical knowledge, brought to you by Bank of America in partnership with Khan Academy.
Teaching your teen how to budget
Bank of America - While a budget is one of the most important money management tools you can teach teens and tweens, it may be a completely new concept for them. Find out how to teach teens and tweens to budget for their expenses and avoid overspending. To learn more and see more videos go to http://go.bofa.com/d8neq
Teachable money moments for your child
One of the best ways to talk to your middle schooler about money is to take advantage of everyday situations. Find out how to identify them and use them as teaching opportunities. To learn more and to see more videos, go to http://go.bofa.com/ta79m
Bank accounts for teens: Help yours manage a checking account
Giving your teen a first-hand experience with banking is a great way for them to learn about financial responsibility. Discover how managing a personal checking account can help teens learn valuable lessons about budgeting, spending and saving with this Better Money Habits video. To learn more personal banking tips, please visit: https://bettermoneyhabits.bankofameri...

Khan Academy
www.khanacademy.org/economics-finance-domain
Watch videos, read articles, and expand your knowledge in any economics and finance topic.
Microeconomics
Macroeconmics
Finance and capital markets
www.khanacademy.org/economics-finance-domain
Watch videos, read articles, and expand your knowledge in any economics and finance topic.
Microeconomics
Macroeconmics
Finance and capital markets
- Interest and debt
- Housing
- Inflation
- Taxes
- Accounting and financial statements
- Stocks and bonds
- Investment vehicles, insurance and retirement
- Money, banking and central banks
- Options, swaps, futures, MBSs, CDOs, and other derivatives
- Current economics
- Entrepreneurship
Ted Talks

Understanding World Economics
Playlist (9 talks)
Clear, compelling talks on big issues facing the global economy.
Playlist (9 talks)
Clear, compelling talks on big issues facing the global economy.
- Chrystia Freeland - The rise of the new global super-rich
- Dilip Ratha - The hidden force in global economics: sending money home
- Dambisa MoyoIs - China the new idol for emerging economies?
- Didier Sornette - How we can predict the next financial crisis
- Mariana Mazzucato - Government -- investor, risk-taker, innovator
- Thomas Piketty - New thoughts on capital in the twenty-first century
- Sangu Delle - In praise of macro -- yes, macro -- finance in Africa
- Adam Davidson - What we learned from teetering on the fiscal cliff
- Paul Kemp-Robertson - Bitcoin. Sweat. Tide. Meet the future of branded currency.
Ted Talks: Let's raise kids to be entrepreneurs - Cameron Herold
Bored in school, failing classes, at odds with peers: This child might be an entrepreneur, says Cameron Herold. At TEDxEdmonton, he makes the case for parenting and education that helps would-be entrepreneurs flourish -- as kids and as adults.
www.ted.com/talks/cameron_herold
www.ted.com/talks/cameron_herold
Ted-Ed: What gives a dollar bill its value? - Doug Levinson
View full lesson: http://ed.ted.com/lessons/what-gives-...
The value of money is determined by how much (or how little) of it is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson takes a trip into the United States Federal Reserve, examining how the people who work there aim to balance the value of the dollar to prevent inflation or deflation.
Lesson by Doug Levinson, animation by Qa'ed Mai.
The value of money is determined by how much (or how little) of it is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson takes a trip into the United States Federal Reserve, examining how the people who work there aim to balance the value of the dollar to prevent inflation or deflation.
Lesson by Doug Levinson, animation by Qa'ed Mai.
Ted-Ed: What causes economic bubbles? - Prateek Singh
View full lesson: http://ed.ted.com/lessons/what-causes...
During the 1600’s, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression. What happened? Prateek Singh explains the peak of a business cycle, commonly referred to as a mania.
Lesson by Prateek Singh, animation by Simon Ampel.
During the 1600’s, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression. What happened? Prateek Singh explains the peak of a business cycle, commonly referred to as a mania.
Lesson by Prateek Singh, animation by Simon Ampel.
Ted-Ed: Why do competitors open their stores next to one another? - Jac de Haan
View full lesson on ed.ted.com - ed.ted.com/lessons/why-do-comp...
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.
Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots.
Lesson by Jac de Haan, animation by Luke Rowsell.
Ted-Ed: What is a gift economy? - Alex Gendler
View full lesson: ed.ted.com/lessons/what-is-a-g...
What if, this holiday season, instead of saying "thank you" to your aunt for her gift of a knitted sweater, the polite response expected from you was to show up at her house in a week with a better gift? Or to vote for her in the town election? Or let her adopt your firstborn child? Alex Gendler explains how all of these things might not sound so strange if you were involved in a gift economy.
Lesson by Alex Gendler, animation by Avi Ofer
What if, this holiday season, instead of saying "thank you" to your aunt for her gift of a knitted sweater, the polite response expected from you was to show up at her house in a week with a better gift? Or to vote for her in the town election? Or let her adopt your firstborn child? Alex Gendler explains how all of these things might not sound so strange if you were involved in a gift economy.
Lesson by Alex Gendler, animation by Avi Ofer
Ted-Ed: How Containerization Shaped the Modern World
View full lesson: http://ed.ted.com/lessons/how...
Sometimes a single unlikely idea can have massive impact across the world. Sir Harold Evans, the author of They Made America, describes how frustration drove Malcom McLean, a small-town truck driver, to invent the shipping container. Containerization was born, and it transformed the modern global economy. (Launching a series on Inventions that Shaped History)
"How Containerization Shaped the Modern World" was animated by Sunni Brown (http://www.sunnibrown.com)
Sometimes a single unlikely idea can have massive impact across the world. Sir Harold Evans, the author of They Made America, describes how frustration drove Malcom McLean, a small-town truck driver, to invent the shipping container. Containerization was born, and it transformed the modern global economy. (Launching a series on Inventions that Shaped History)
"How Containerization Shaped the Modern World" was animated by Sunni Brown (http://www.sunnibrown.com)
Thomas Piketty’s Capital in the 21st Century is the most influential recent work in the field of economics. This short video from Macat explains the key ideas in the work in only a few minutes. Macat’s videos give you an overview of the ideas you should know, explained in a way that helps you think smarter. Through exploration of the humanities, we learn how to think critically and creatively, to reason, and to ask the right questions. Critical thinking is about to become one of the most in-demand set of skills in the global jobs market.* Are you ready?
TED Talks: Thomas Piketty: New thoughts on capital in the twenty-first century
French economist Thomas Piketty caused a sensation in early 2014 with his book on a simple, brutal formula explaining economic inequality: r is greater than g (meaning that return on capital is generally higher than economic growth). Here, he talks through the massive data set that led him to conclude: Economic inequality is not new, but it is getting worse, with radical possible impacts.
TEDxAthens: Why it's time for 'Doughnut Economics' | Kate Raworth
This talk was given at a local TEDx event, produced independently of the TED Conferences. Economic theory is centuries out of date and that's a disaster for tackling the 21st century's challenges of climate change, poverty, and extreme inequality. Kate Raworth flips economic thinking on its head to give a crash course in alternative economics, explaining in three minutes what they'll never teach you in three years of a degree. Find out why it's time to get into the doughnut...
Educational Courses:
CrashCourse
Economics

Intro to Economics: Crash Course Econ #1
In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started!
Video List:
- Intro to Economics: Crash Course Econ #1
- Crash Course Economics- How it all started Specialization and Trade: Crash Course Economics #2
- Economic Systems and Macroeconomics: Crash Course Economics #3
- Supply and Demand: Crash Course Economics #4
- Macroeconomics: Crash Course Economics #5
- Productivity and Growth: Crash Course Economics #6
- Inflation and Bubbles and Tulips: Crash Course Economics #7
- Fiscal Policy and Stimulus: Crash Course Economics #8
- Deficits & Debts: Crash Course Economics #9
- What's all the Yellen About? Monetary Policy and the Federal Reserve: Crash Course Economics #10
- Money and Finance: Crash Course Economics #11
- The 2008 Financial Crisis: Crash Course Economics #12
- Recession, Hyperinflation, and Stagflation: Crash Course Econ #13
- Economic Schools of Thought: Crash Course Economics #14
- Imports, Exports, and Exchange Rates: Crash Course Economics #15
- Globalization and Trade and Poverty: Crash Course Economics #16
- Income and Wealth Inequality: Crash Course Economics #17
- Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh: Crash Course Econ #18
- Markets, Efficiency, and Price Signals: Crash Course Economics #19
- Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20
- Market Failures, Taxes, and Subsidies: Crash Course Economics #21
- Environmental Econ: Crash Course Economics #22
- Economics of Education: Crash Course Economics #23
- Revenue, Profits, and Price: Crash Course Economics #24
- Monopolies and Anti-Competitive Markets: Crash Course Economics #25
- Game Theory and Oligopoly: Crash Course Economics #26
- Behavioral Economics: Crash Course Economics #27
- Labor Markets and Minimum Wage: Crash Course Economics #28
- The Economics of Healthcare: Crash Course Econ #29
CrashCourse
Business Entrepreneurship
Crash Course Business Entrepreneurship Preview
In 17 episodes, Anna Akana will teach you entrepreneurship skills to help you start and run a small business. This course is based on a college-level curriculum with a variety of reference texts, including the Strategyzer Business Model Canvas. By the end of the course, you will be able to: * Evaluate the quality of an idea and take steps to turn it into a small business * Understand the legal basics of business entity formation, sales, costs, and other finances * Develop a clear value proposition for your business and customer relationships * Navigate other businesses, including both competition and key partners * Define success for yourself as an entrepreneur, and recognize failure
- What is Entrepreneurship?
- The Foundations of Building a Business
- Key Activities, Resources, and Partners
- Customers & Marketing
- Keeping Track of Money
- Growth & Failure
- ...
Hillsdale College
Economics 101: The Principles of Free Market Economics
This course focuses on the foundational principles of the free market. Topics include the relationship of supply and demand, the “information problem” behind the failure of central planning, the rise of macroeconomics under the influence of John Maynard Keynes, and the 2008 financial crisis.
Course Lectures
- Free Market Economics and the American Founding
- How Markets Work
- Understanding Demand
- Supply and Equilibrium
- The Role of Profit
- Incentive and the “Information Problem”
- Keynesianism and Macroeconomics
- Monetary Theory
- Case Study: The Great Recession
- Restoring Economic Liberty
Marginal Revolution University

Marginal Revolution University
mruniversity.com
www.youtube.com/MrUniversity
Marginal Revolution University is a new approach to online education led by Professors Tyler Cowen and Alex Tabarrok of George Mason University and the popular blog, Marginal Revolution.
MRUniversity features more than 700 short economics education videos taught by leading experts. All MRU videos are freely available for professors and students to use.
mruniversity.com
www.youtube.com/MrUniversity
Marginal Revolution University is a new approach to online education led by Professors Tyler Cowen and Alex Tabarrok of George Mason University and the popular blog, Marginal Revolution.
MRUniversity features more than 700 short economics education videos taught by leading experts. All MRU videos are freely available for professors and students to use.
Principles of Economics: Microeconomics
Welcome to Principles of Economics! By joining this course, you’ll be exposed to the economic way of thinking. That is, you’ll understand how to use economics in your life and, ultimately, you’ll see the world
Principles of Microeconomics Playlist:
- Introduction to Price Discrimination
- Introduction to Economics
- The Demand Curve
- The Supply Curve
- The Equilibrium Price
- A Deeper Look at the Demand Curve
- The Demand Curve Shifts
- A Deeper Look at the Supply Curve
- The Supply Curve Shifts
- Exploring Equilibrium
- Does the Equilibrium Model Work?
- Supply and Demand Terminology
- Elasticity of Demand
- Calculating the Elasticity of Demand
- Elasticity of Supply
- Elasticity and Slave Redemption
- Applications Using Elasticity
- Commodity Taxes
- Who Pays the Tax?
- Tax Revenue and Deadweight Loss
- Subsidies
- Wage Subsidies
- I, Rose
- A Price Is a Signal Wrapped up in an Incentive
- Markets Link the World
- The Great Economic Problem
- Information and Incentives
- Speculation
- Prediction Markets
- Price Ceilings: The US Economy Flounders in the 1970s
- Price Ceilings: Shortages and Quality Reduction
- Price Ceilings: Lines and Search Costs
- Price Ceilings: Deadweight Loss
- Price Ceilings: Misallocation of Resources
- Price Ceilings: Rent Controls
- Price Floors: The Minimum Wage
- Price Floors: Airline Fares
- Why Do Governments Enact Price Controls?
- Price Controls and Communism
- The Big Ideas of Trade
- Comparative Advantage
- Another Look at Comparative Advantage
- Comparative Advantage Homework
- Tariffs and Protectionism
- Arguments Against International Trade
- An Introduction to Externalities
- External Benefits
- Command and Control Solutions
- The Coase Theorem
- Trading Pollution: How Pollution Permits Paradoxically Reduce Emissions
- A Deeper Look at Tradeable Allowances
- Introduction to the Competitive Firm
- Maximizing Profit under Competition
- Maximizing Profit and the Average Cost Curve
- Entry, Exit, and Supply Curves: Increasing Costs
- Entry, Exit, and Supply Curves: Constant Costs
- Entry, Exit, and Supply Curves: Decreasing Costs
- Minimization of Total Industry Costs of Production
- The Balance of Industries and Creative Destruction
- Maximizing Profit under Monopoly
- The Monopoly Markup
- The Costs and Benefits of Monopoly
- Introduction to Price Discrimination
- The Social Welfare of Price Discrimination
- Tying
- Bundling
- The Marginal Product of Labor
- Human Capital and Signaling
- The Tradeoff Between Fun and Wages: No Such Thing as a Free Lunch
- Compensating Differentials
- Do Unions Raise Wages?
- Public Goods and Asteroid Defense
- A Deeper Look at Public Goods
- Club Goods
- The Tragedy of the Commons
- Asymmetric Information and Used Cars
- Asymmetric Information and Health Insurance
- Moral Hazard
- Solutions to Moral Hazard
- Signaling
Principles of Economics: Macroeconomics
In this course, following MRU's Principles of Microeconomics course, you’ll continue to explore the economic way of thinking and the role of incentives in all of our lives.
We’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?
We’ll also cover important topics like the Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, the “economics of ideas,” and more.
We’ll cover fundamental questions such as: Why do some countries grow rich while others remain poor? How important is a country’s banking system — and what happened during the recent financial crisis? How did Zimbabwe end up with an inflation rate that rose into the quadrillions?
We’ll also cover important topics like the Federal Reserve, monetary policy, fiscal policy, the Solow Growth Model, institutional analysis, the “economics of ideas,” and more.
Principles of Macroeconomics Playlist:
Everyday Economics
What role does economics play in your day-to-day life? You might be surprised to find that economics is a big part of nearly everything you do! Everyday Economics explores just that — how the “big ideas” from economics relate to everyday topics. The course is viewer-driven — you tell us where the course should go.
Everyday Economics Playlist:
- The Hockey Stick of Human Prosperity
- Division of Labor: Burgers and Ships
- How the Division of Knowledge Saved My Son's Life
- Comparative Advantage and the Tragedy of Tasmania
- An Orgy of Innovation
- Are We Better Off If We Buy Local?
- Fair Trade: Does It Help Poor Workers?
- Tyler Cowen: The Rise and Fall of the Chinese Economy
Development Economics
Why are some countries rich and others poor? This fundamental question has been on the mind of economists since Adam Smith wrote "The Wealth of Nations" in 1776. This is a full course that covers all the major issues and developments in the field of development economics. Unlike typical college courses, we will take you to the frontier of the discipline, covering recent research as well as more established material.
Development Economics Playlist:
- Basic Facts of Growth and Development
- The Importance of Institutions (Brief)
- Guns, Germs and Steel
- How Persistent is Prosperity? (Optional)
- Geography and Development, Trade
- Geography and Development, Disease
- Why Agriculture is Important
- Industry Builds on Agriculture
- Green Revolution
- Micronutrients
- Productivity Decline
- GMOs
- Land reform in India
- Sharecropping
- China's agricultural reforms
- Fertilizer, roads, and Africa
- Garlic
- A tomato border crossing
- Wheat, water, and Saudi Arabia
- Yams, a man's crop?
- The Rice Price Spike of 2007-2008
- The Soy Boom (Optional)
- Malawi restricts trade in corn
- The Clove Monopoly
- Watermelon scale economies
- Economic import of water
- Water markets and ethics
- Water and Monopoly
- Privatizing urban water
- Water privatization in Buenos Aires
- Cochabamba water privatization
- Problems with water privatization
- Water and asymmetric information
- Water supply and demand
- Water and common pool problem
- Ground water in Yemen
- Wheat, water, and Saudi Arabia
- Water and dams
- Virtual water
- Water Policies for People, by David Zetland
- The Reversal of Fortune
- The Effect of Geography on Institutions
- Adam Smith
- Jeffrey Sachs
- Trust and economic growth
- The Solow Model (Brief, no math)
- The Middle Income Trap
- Rule of 70
- GDP & PPP
- The Solow Model 1 - Introduction
- The Solow Model 2 - Comparative Statics
- The Solow Model 3 - Taking the Model to Data
- The Solow Model 4 - Productivity
- Development Economics Midterm
- Double Marginalization Problem
- O-Ring Model
- Paul Romer
- Productivity in Firms
- Productivity and firm size
- Two myths about multinationals
- Calculation of profit and loss
- Industrial policy: theory
- Industrial policy: evidence
- Conditional convergence
- Local monopoly power
- Comparative Advantage
- Comparative Advantage 2: Homework
- Sources of Comparative Advantage
- Development and Trade: Empirical Evidence
- Trade and Tariff History
- Trade and Poverty in India
- Does "Fair Trade" Help?
- World Trade Organization
- Property Rights 1: Private v. Collective
- Property Rights 2: Titling
- Property Rights 3: Communal Property, Enclosure and the State
- Hernando de Soto
- Corruption and Growth
- Corruption and Tech Transfer
- Corruption with Cash Transfers
- Corruption: Who Pays and How Much
- Corruption, Rent Seeking and Multiple Equilibria
- Corruption with and without Theft
- Tullock Paradox
- Causes of Corruption
- Gender and Corruption
- Corruption and Output Composition
- Corruption, Justice, and Development
- IPaidaBribe com
- Corruption Indices
- Corruption and Parking Tickets
- Indian Drivers
- Anne Krueger
- Jagdish N. Bhagwati
- How to Fight Corruption
- Corruption and Public Sector Wages
- Recipients and Donors: Basic Facts!
- Does Foreign Aid Increase Growth?
- Knowledge Problems and Incentive Problems
- Examples of Aid that Works
- The World Bank
- The IMF
- Millennium Villages Project
- Finance and Growth
- Finance Law and Trust (Mexico)
- Introduction to Microfinance (Portfolios of the Poor)
- Why Microcredit?
- Why Microsavings?
- ROSCAs and Chit Funds
- Microcredit Evidence
- Robert Townsend
- Earning Money
- Spending Money
- Are the Poor Overwhelmed?
- Poverty and Attention
- Conditional Cash Transfers
- AmartyaSen #1 on Capabilities
- AmartyaSen #2 "Missing Women"
- "The Other Path"
- Edward Banfield
- Child Labor
- Bonded Labor
- Randomized Controlled Trials, Part One
- Randomized Controlled Trials, Part Two
- Private Health Insurance
- Cholera in Haiti
- Fighting Diarrhea
- What to do about HIV/AIDS?
- Deworming
- Pricing Mosquito Nets
- Birth Weight and Cash Transfers
- Participation in Uganda
- The Quality of Medical Advice
- The Kerala Paradox
- Education and Economic Growth
- Education in East Asia
- Education and Latin Growth
- Private Education in India
- Teacher Attendance
- Vouchers in Colombia
- Colonial Education in India
- Parental Expectations from School
- Quantity vs. Quality of Children
- Thoughts on Education
- Conditional Cash Transfers
- Mobile phones and literacy
- The Rise of Private Education in India
- Testing for Cream Skimming in India
- Democracy and Reforms
- The Theory of the Median Voter
- The Agenda Setter
- Roving and Stationary Bandits
- Democracy in the Arab World
- African Borders and Conflict
- Will China Democratize?
- Is there a Natural Resource Curse?
- SenIII Democracy and Famines
- Basic Facts about Migration
- Wage Gains from Immigration
- Remittances
- Is there a Brain Drain?
- Wage Effects in the U.S.
- Internal Chinese Migration
- Demographic Transitions
- Population and Economic Growth
- The Malthusian Argument
- The African Demographic Dividend
- Environmental Economics
- Temperature and Growth
- India's early growth history
- East India Company
- Land taxation in early India
- The deindustrialization of India
- Education in colonial India
- Railroads and colonial India
- Gandhi and the Salt March
- Did British rule help India?
- India since Independence
- India's toughest economic times
- India's growth inflection
- India's reforms of the 1990s
- Trade and Poverty in India
- Agriculture in India
- Green Revolution
- Land reform in India
- Food crises and India's media
- Power generation in India
- Foreign investment in India
- Competition from foreign retailers
- Labor market regulation
- Bankruptcy law in India
- India's macroeconomic stability
- Castes and groundwater trade
- India's air and water pollution
- Mobility in the caste system
- Corruption in driver's licenses
- Lentils as incentive
- The Kerala Paradox
- The Rise of Private Education in India
- Testing for Cream Skimming in India
- Edward Luce on India
- India business profiles
- Service sector growth
- Frugal innovation for the heart
- The value of English
- Female leadership in India
- Cable TV and women
- The economics of Bollywood
- Amartya Sen #1
- Amartya Sen #2
- Amartya Sen #3
- Partha Dasgupta
- Jagdish N Bhagwati
- Guide to Leading Thinkers
- Paul Rosenstein Rodan
- W. Arthur Lewis
- Raul Prebisch
- Bela Balassa
- Ragnar Nurkse
- Albert O. Hirschman
- Peter Bauer
- Adam Smith
- Joseph Schumpeter
- Alexander Gerschenkron
- Karl Polanyi
- Theodore Schultz
- Edward Banfield
- Paul Krugman
- Jagdish Bhagwati
- Anne Krueger
- Elinor Ostrom
- Partha Dasgupta
- Paul Romer
- William Easterly
- Jeffrey Sachs
- Joseph Stiglitz
- Robert Townsend
- Banerjee, Duflo, and Kremer
- Paul Collier
- Dani Rodrik
- Daron Acemoglu
- Hernando de Soto
- Jeffrey Sachs (full) | Conversations with Tyler
- Dani Rodrik (full) | Conversations with Tyler
Money In Motion: The Promise of Nanotechnology
A technology that has been around for years is beginning to make big strides in ways that are affecting everyday life. With new discoveries and more promise ahead, nanotechnology is growing fast with some experts believing it could become the next big technology market. VOA's Philip Alexiou reports.
How Will Nanotechnology Revolutionize Medicine?
Over the past 40 years, giant leaps have been made in the field of nanotechnology. What is nanotech, and what is the future of it?
Why We Need Rare Earth Elements
Rare earth elements are crucial to the technology around us - they're in phones, computers, tvs, and hybrid cars. Why are they so important? Any why are they so difficult to mine? Anthony takes a look.