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Economics

Economics


MACROECONOMICS: UNDERSTANDING THE AUSTRALIAN ECONOMY

Hardly a day goes by when we do not hear or read issues in the news of 'consumer spending down', the 'Australian dollar rising', and 'business sentiment at a five-year low'. We also often hear a politician or editorial writer advocating a change in economic policy. If you think these issues are very complex ?you are correct ?they are complex. But those who think these issues have little to do with them need to think again. Whether you can find a job or afford an overseas holiday depends on events in the macro economy. This program provides a useful starting point to explore the nature and purpose of macroeconomic activity in contemporary Australia, and the implications for our standard of living and long-term economic prosperity. It will assist students to understand the nature and importance of the Australian Government's key economic goals including low inflation, strong and sustainable economic growth, full employment, external stability and equity of income distribution.

Please contact us for primary and secondary schools pricing.

Item no.: KU08691846
Format: DVD
Duration: 20 minutes
Copyright: 2011
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Price: AUD 235.00

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MICROECONOMICS: UNDERSTANDING THE MARKET SYSTEM

A fundamental proposition in economics is that people have unlimited wants, but there are limited resources, which leads to the problem of scarcity. Hence the central question in economics is how best to allocate limited resources to produce goods and services. In this program we introduce the market system, the law of demand and supply, price elasticity, market structures, market failures and government response, and many more key concepts. Featuring clear explanations, excellent graphics and examples from all over the world, this program introduces the classic concepts of microeconomics in an engaging and thought-provoking way.

Please contact us for primary and secondary schools pricing.

Item no.: JJ08691836
Format: DVD
Duration: 19 minutes
Copyright: 2011
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Price: AUD 235.00

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ALL ABOUT ECONOMICS & BUSINESS 1: HOW ECONOMIES WORK

This film looks at how economies work -- in particular, the market economy.

THE MARKET ECONOMY: This is an economy based on what's called "free enterprise" in which people are free to set up businesses to sell their goods or services and try to make profits. Economists divide the modern economy into primary, secondary and tertiary sectors. Some organisations are owned by the government - the public sector. The combination of private and public industries is called the mixed economy.

SO WHAT IS ECONOMICS? Economics is a social science. "Social" means it deals with people; it's a science in that it tries to explain how the economy works. Microeconomics looks at the way individuals and businesses make decisions, including factors like price, supply and demand, and the price elasticity of demand. Macroeconomics, meanwhile, looks at how the wider economy as a whole works, including theories such as those of Adam Smith and the "invisible hand" of the market.

BOOM & BUST: There are drawbacks to the market economy -- problems such as inflation and also cycles of "boom and bust". A spectacular example is the "credit crunch" of 2008, when US banks overstretched themselves by handing out too many mortgages to unreliable borrowers. A bust can lead to a slump, or recession, like the historic Wall Street Crash of 1929 in the US.

KEYNES V MONETARISM: John Maynard Keynes believed that governments could intervene to deal with a recession -- by stimulating demand. But in the 1970s, inflation became the big enemy and Margaret Thatcher tried a new economic theory - monetarism, which involved attempting to control the supply of money.

OTHER ECONOMIC MODELS: But the free market isn't the only economic model. Influenced by the ideas of Karl Marx, countries such as Russia and China, had revolutions and set up what they claimed to be communist economies. China is still, in theory, a communist country. In practice, it has embraced capitalism, including the exploitation of workers.

GLOBALISATION: To cut costs, companies are increasingly outsourcing their production to countries where workers are not given the same rights as in this country. In theory, multinational businesses support free trade - in other words, no barriers to selling goods. But in practice Europe and the US step in to protect their industries.

A BETTER MODEL? The market economy is based on growth and credit - but do economies have to be like this? Is it possible to develop an alternative model which doesn't depend on consumerism, waste and greed?

Item no.: WC00110148
Format: DVD (With Publication)
Duration: 30 minutes
Copyright: 2009
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Price: GBP 145.00

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ECONOMICS BASICS: MACROECONOMICS

Teach your students that there's more to money than just spending it. This CD -ROM covers the national economy, economic growth and productivity, macroeconomic problems like inflation and recession, and money and monetary policy.

Sections include:
  • Definition of Economics
  • Microeconomics vs. Macroeconomics
  • Positive and Normative Analysis
  • Methods and Methodology
  • The Business (Economic) Cycle
  • Aggregate Demand and Supply
  • Key Measures of Economic Performance
  • Economic Growth and Productivity
  • Economic Growth Theories
  • Productivity
  • Recessions
  • Unemployment
  • Inflation
  • Stagnation
  • Money and the Functions of Money
  • Types of Money
  • The Federal Reserve System
  • The Money Supply

    After using this CD -ROM, your students will be able to...
  • Define economics
  • Cite the tools and methods used in the study of economics
  • Describe the business cycle and causes of fluctuations
  • Identify factors that stimulate economic growth and how it is measured
  • Describe major problems such as recessions, unemployment, inflation, and stagnation
  • Describe how the Federal Reserve implements monetary policy
  • Describe the functions and types of money and the importance of money to the economy

    System Requirements
  • PC platform: Windows 95, 98, Me, NT4 (service pack 4 or higher), 2000.

    Item no.: NV02452039
    Format: CD-ROM (Win)
    Duration:
    Copyright: 2006
    StdBkNo: 9781421352909
    Price: USD 70.00

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    ECONOMICS BASICS: MICROECONOMICS

    From the basics of supply and demand to the role of government in the function of market economies, this CD -ROM will help your students comprehend the effects of economic policies and develop a better understanding of how business works.

    Sections include:
  • Definition of Economics
  • Microeconomics vs. Macroeconomics
  • Positive and Normative Analysis
  • Methods and Methodology
  • Basic Principles
  • Trade and Specialization
  • Comparative Advantage
  • Incentives
  • Marginal Analysis
  • Markets and Competition
  • Market Revenue and Market Cost
  • Types of Markets
  • Supply
  • Demand
  • Determining Factors of Supply and Demand
  • Market Equilibrium
  • Government Role
  • External Costs and Benefits

    After using this CD -ROM, your students will be able to...

  • Define economics
  • Cite the tools and methods used in the study of economics
  • Understand the theory of supply and demand in individual markets
  • Describe factors that affect equilibrium in supply and demand
  • Understand supply curves, demand curves, and elasticity
  • Describe a free market economy and the role of government in it
  • Describe how competition affects the marketplace

    Review
  • Recommended for high school and college.

    System Requirements
  • PC platform: Windows 95, 98, Me, NT4 (service pack 4 or higher), 2000.

    Item no.: RB00272040
    Format: CD-ROM (Win)
    Duration:
    Copyright: 2006
    StdBkNo: 9781421352916
    Price: USD 70.00

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    EXPLAINING GLOBALIZATION

    Everyone talks about globalization, but what does it really mean? And what are its implications for the average American? In this compilation of NewsHour segments, experts from the U.S. and abroad speak their minds on a shrinking world and an expanding global economy.

    Episodes include...

  • Globaphobia - One World, One Market: Is globalization good or bad for Americans? Paul Solman takes a walk around his neighborhood with Harvard University's Robert Lawrence, one of the world's top trade economists, to think it through.

  • Gergen Dialogue - Thomas L. Friedman and the World Market: David Gergen, editor -at -large of U.S. News & World Report, talks with New York Times columnist Thomas L. Friedman, author of The Lexus and the Olive Tree: Understanding Globalization.

  • Conversation - The Mystery of Capital: Elizabeth Farnsworth and Peruvian economist Hernando de Soto discuss his book The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Segment also sold as a part of Microeconomics in the Global Marketplace.

  • A World Without Borders: Ray Suarez is joined by Thomas L. Friedman, author of The World Is Flat, and Moises Naim, author of Illicit: How Smugglers, Traffickers, and Copycats Are Hijacking the Global Economy, to examine globalization and resulting changes in economics.

  • Conversation - The Effects of Globalization: Jeffrey Brown moderates a debate between Senator Byron Dorgan (D -ND), author of Take This Job and Ship It: How Corporate Greed and Brain -Dead Politics Are Selling Out America, and Thomas L. Friedman, author of The World Is Flat, on the effects of a globalized economy.

    Note: Only available in the US, Canada, Hong Kong, Singapore, Taiwan, South Korea, Malaysia and Japan.

    Item no.: GW02452834
    Format: DVD
    Duration: 56 minutes
    Copyright: 2006
    StdBkNo: 9781421389561
    Price: USD 170.00

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    ECONOMIC PROCESS

    This Microsoft® PowerPoint® presentation provides a basic introduction to the economic process by explaining the difference between microeconomics and macroeconomics, wants and needs and exploring supply and demand. The presentation illustrates the four factors of production and other important economic topics, such as opportunity cost and business cycles. Students will learn the importance consumers, distributors and producers play in the economic process.

    Item no.: NA00210263
    Format: CD-ROM (Win, PowerPoint Presentation (42 slides))
    Duration:
    Copyright: 2004
    StdBkNo: 9781569183304
    Price: USD 79.00

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    ECONOMICS, 3RD EDITION

    Taught by Timothy Taylor

    We are all economists-when we work, buy, save, invest, pay taxes, and vote. It repays us many times over to be good economists. Economic issues are active in our lives every day. However, when the subject of economics comes up in conversation or on the news, we can find ourselves longing for a more sophisticated understanding of the fundamentals of economics.

  • How can I get an overview of the entire U.S. economy?
  • Why do budget deficits matter?
  • What exactly does the Federal Reserve do?
  • Why do most economists favor international trade so strongly?

    Economics, 3rd Edition, will help you think about and discuss these and other economic issues that affect you and the nation every day-interest rates, unemployment, personal investing, budget deficits, globalization, and many more-with a greater level of knowledge and sophistication.

    Designed for those who haven't already purchased our 2nd Edition economics course, this enlarged and reorganized 3rd Edition includes updated statistics and discussions of more recent events. It also features expanded coverage in areas of great public interest, such as anti-trust issues, corporate responsibility, and international financial crashes.

    Master the Basics of Economics

    These lectures require no special or advanced knowledge of mathematics. Instead, you will learn economics through intuitive explanations and in plain English, from an instructor who has won teaching awards at Stanford and the University of Minnesota.

    His first 18 lectures focus on "microeconomics," or looking at economics "from the bottom up." You will study the behavior of individuals, households, and firms; and how they interact in markets for goods, labor, and saving and investment. Topics in microeconomics include:

  • How supply and demand operate in the free market to determine the prices of the goods we buy and the salaries we are paid
  • How interest rates are determined and the effects they have on so many decisions we make-such as what house we will buy
  • How businesses compete with one another. What is a "natural monopoly"? What role does government have to play in encouraging and regulating competition?
  • "Public goods"-things like national defense and education-that we all benefit from whether we contribute to them or not. The difficulty of encouraging citizens to support production of public goods can be understood through a game theory problem known as The Prisoner's Dilemma.

    The second half of the course covers "macroeconomics," or studying the economy from the "top down." Here you will examine the factors that help economists evaluate the economy on a national and global scale. Among these macroeconomic issues are:

  • Common ways that the government taxes and spends, and how these actions affect the total demand and supply in our economy
  • The relationship between employment and inflation, and the different perspectives on this problem advanced by the two main schools of economic theory-the Keynesians and the neoclassicists
  • International economics. What are the arguments for and against international trade? How are exchange rates determined and what do they really mean to us as individuals and the economy in general? What are the future prospects for the global economy-which nations are likely to do well and which will lag behind?

    Throughout this course, Professor Taylor helps you apply what you are learning to many of today's most frequently discussed and misunderstood issues. Has the world economy become truly "borderless," and does globalization take jobs away from American workers? Why do markets for car and health insurance often seem so costly and controversial? What are our prospects for heading off the Social Security and healthcare crises that loom in the coming decades?

    Learn to Think Like An Economist

    One of the 20th century's top economists, John Maynard Keynes, once said, "Economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions."

    You will learn that economics is essentially a way of thinking about big problems that face our society, and that economists sometimes think very differently about these issues than the rest of us do. You will practice thinking like an economist about a succession of topics that are in the news virtually every day, such as:

  • Is it realistic to view pollution as a "moral wrong," as some environmentalists do, and try to eliminate it completely? Or can pollution actually have benefits? What would we have to give up if we tried to totally eradicate pollution?
  • How should the government decide whether or not to block a proposed corporate merger?
  • Should we control rents so that people can afford housing? Or should government subsidize low-income housing, or offer families rent vouchers? Which strategy would an economist favor? Which would a politician most likely choose?

    In these lectures, you will appreciate the difficulties involved in formulating economic policies that are both effective and satisfying to everyone-consumers and businesses, Republicans and Democrats, rich and poor.

    Economics Everywhere: From Cowrie Shells to Edison, From Mohair to Mickey Mouse

    Economics isn't just about numbers: it's about politics, psychology, history, inventions, and countless other aspects of human endeavor. As a result, it never lacks for interesting, surprising, or amusing content. The following are a few of many examples:

  • Thomas Edison's first invention was an automatic vote-counting machine. But he found he couldn't sell it, so he vowed only to make inventions people would buy.
  • The idea of using a "basket of goods" to measure inflation goes back a long time. During the Revolutionary War, Massachusetts paid its soldiers the amount of money that would buy the following basket of goods: 5 bushels of corn; 68 4/7 pounds of beef; 10 pounds of wood; and 16 pounds of leather.
  • The first federal minimum wage law, passed in 1938, was intended to keep jobs in the north from flowing to the south, where wages were much lower. It intentionally put millions of low-skilled black workers in the south out of work. The item that served as money over the broadest geographic area and the longest period of time was the cowrie shell. It was in use as early as 700
  • B.C. in China and was subsequently used in India, Africa, and southern Europe. It was an acceptable way to pay taxes in some African nations well into the 20th century.

    In other lectures, you will learn how various ways to measure and analyze the economy were first developed-for example, how America's first statistical definition of poverty was formulated by one person, Social Security Administration employee Mollie Orshansky, in the 1960s. Professor Taylor takes you through the intricacies of patents, copyrights, and product advertising, with examples ranging from America's top corporations to Sonny Bono and Mickey Mouse. You will even see that economic analysis can be applied to behavior that doesn't seem related to economics at all, such as why so many Americans don't vote.

    Be an Economics Conversation Starter. Or Stopper.

    If you complete this course and devote some thought to its subject matter, you'll be able to hold your own any time the discussion turns to economics, whether it's at your office, in the news, or at the dinner table.

    If you hear someone say, for example, "A tax on gasoline would be a good way of encouraging people to drive less," you'll be able to add, knowingly, "Perhaps so, but, of course, it all depends on the elasticity of demand for gasoline."

    "I should warn you though," Professor Taylor says, from personal experience, "that comments like this can either lead to a really much more intelligent and informed conversation, or they can lead the conversation to an abrupt and uncomfortable halt."

    (36 lectures, 30 minutes/lecture)

    Item no.: KC09280087
    Format: 6 DVDs
    Duration: 108 minutes
    Copyright:
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    Price: USD 375.00

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