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Videos uploaded by user “mjmfoodie”
Episode 30: Oligopoly
 
05:38
In this video, I cover the last of the four major market structures: oligopoly. "Episode 30: Oligopoly" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 290441 mjmfoodie
Episode 2: Scarcity and Choice
 
04:36
What is economics all about? "Episode 2: Scarcity and Choice" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 547140 mjmfoodie
Episode 25: Market Structures
 
05:52
A brief overview of the main types of market structures, and the characteristics of each. "Episode 25: Market Structures" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 364360 mjmfoodie
Episode 20B - Short Run vs. Long Run Production
 
01:22
In economics, what is the difference between the short run and the long run? "EPISODE 20B: Short Run vs. Long Run Production" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 95727 mjmfoodie
Episode 33: Public Goods
 
03:38
What happens when you can't prevent people from consuming a commodity, even if they haven't paid for it? Who ends up providing these kinds of goods and services? "Episode 33: Public Goods" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 98305 mjmfoodie
(Macro) Episode 21: Real GDP
 
02:37
In order to address growth, we need to look at REAL, rather than Nominal, GDP -- why? "(Macro) Episode 21: Real GDP" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 185623 mjmfoodie
Episode 27: Monopoly
 
07:01
Characteristics and outcomes of the monopoly market structure. "Episode 27: Monopoly" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 332582 mjmfoodie
(Macro) Episode 26: Fiscal Policy
 
04:35
The previous videos addressed the macroeconomic goals; this video addresses the idea of fiscal policy (government spending and taxation) as a possible way to target the goals. "(Macro) Episode 26: Fiscal Policy" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 258766 mjmfoodie
Episode 27B: Deadweight Loss from Monopoly
 
02:57
This video shows more formally how society as a whole loses under a monopoly vs. a competitive market. "EPISODE 27B: Deadweight Loss from Monopoly" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 50437 mjmfoodie
Episode 16:  Elasticity of Demand
 
09:35
We know that consumers will react to price changes, but how MUCH will they react? Knowing this is important to business owners and policymakers. "Episode 16: Elasticity of Demand" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 638203 mjmfoodie
Episode 38: Trade Blocs
 
03:50
This video gives an overview of the types of trade agreements, or trade blocs. "Episode 38: Trade Blocs" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 107694 mjmfoodie
(Macro) Episode 20: GDP
 
03:52
The third macroeconomic goal is 'High & Sustained Growth,' but growth of what? This video explains what GDP is, and the expenditure approach to GDP. "(Macro) Episode 20: GDP" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 276940 mjmfoodie
Episode 30A: Collusion
 
01:31
Why do firms collude, and why is this behavior inherently unstable? "EPISODE 30A: Collusion" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 54749 mjmfoodie
(Macro) Episode 33: Exchange Rates
 
06:24
How do currency values rise and fall? Why would a country want to manipulate the value of its own currency? "(Macro) Episode 33: Exchange Rates" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 220815 mjmfoodie
Episode 31: Market Failures
 
03:13
A brief overview of some different types of Market Failures, and examples of each, before going into a more detailed look at Externalities (Episode 32) and Public Goods (Episode 33). "Episode 31: Market Failures" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 149382 mjmfoodie
(Macro) Episode 29: What is Money?
 
04:29
Before we can see how money can be used to control the economy, we need to know what money IS . . . "(Macro) Episode 29: What is Money?" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 123247 mjmfoodie
(Macro) Episode 31: The Fed
 
02:31
This is a VERY brief overview of the structure of the Fed, as a lead-in to a discussion as to the pros and cons of the political insulation that structure provides. "(Macro) Episode 31: The Fed" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 83784 mjmfoodie
Episode 15: Price Floors and Price Ceilings
 
06:02
What happens when the government interferes with the market mechanism by artificially imposing a "better" price? "Episode 15: Price Floors and Price Ceilings" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
Views: 224433 mjmfoodie
(Macro) Episode 19: Types of Unemployment
 
04:20
There are several different types of unemployment, of varying duration and severity (in terms of implications for the economy). This video goes through the types, and addresses why the Macroeconomic goal is "Low Unemployment," rather than "Zero Unemployment." "(Macro) Episode 19: Types of Unemployment" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 251095 mjmfoodie
Episode 11 - Demand
 
04:44
The basics of the buyers' side of the market - what motivates the buyer to purchase (or not)? "Episode 11: Demand" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 232278 mjmfoodie
Episode 28: Regulation
 
05:58
How does the government regulate a natural monopoly? "Episode 28: Regulation" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 107581 mjmfoodie
Episode 17: Diminishing Marginal Utility
 
04:17
An experiment in consumption illustrates one of the biggest concepts in economics -- diminishing returns. "Episode 17: Diminishing Marginal Utility" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 146635 mjmfoodie
Episode 26: Perfect Competition
 
07:13
Characteristics and outcomes of the perfectly competitive market structure. "Episode 26: Perfect Competition" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 367842 mjmfoodie
(Macro) Episode 32: Monetary Policy
 
07:20
This video gives a brief overview of the Fed's three monetary policy tools: Open Market Operations, the Required Reserve Ratio, and the Discount Rate. "(Macro) Episode 32: Monetary Policy" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 218185 mjmfoodie
Episode 29: Monopolistic Competition
 
05:56
In this video, compare the monopolistically competitive market structure to the previously covered structures (perfect competition and monopoly), and show the short-run and long-run outcomes for the firm. "Episode 29: Monopolistic Competition" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 270702 mjmfoodie
Episode 26B: Maximizing Profits
 
03:33
How does a firm know how much output to produce to get the maximum profit? "Episode 26B: Maximizing Profits" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 175392 mjmfoodie
Episode 32: Externalities
 
07:39
How does a free market fail when external costs or benefits are involved? What is the solution to correct that failure? "Episode 32: Externalities" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 171090 mjmfoodie
(Macro) Episode 18: Unemployment
 
02:51
What does it actually mean to be "unemployed"? "(Macro) Episode 18: Unemployment" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 190235 mjmfoodie
Episode 20: Producer Theory
 
05:07
Can't talk about profits until I understand costs, and I can't understand costs until I know something about how production works! "Episode 20: Producer Theory" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 122151 mjmfoodie
(Macro) Episode 24: AD & AS
 
05:33
Just as demand & supply yield the price and quantity of a particular product, Aggregate Demand (AD) & Aggregate Supply (AS) determine the macroeconomic equilibrium - price level (telling whether we have inflation), quantity of goods and services (real GDP), and, indirectly, unemployment. "(Macro) Episode 24: AD & AS" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercia-NoDerivs 3.0 Unported License.
Views: 233348 mjmfoodie
Episode 12: Change in Demand vs Change in Quantity Demanded
 
05:13
Price is an important determinant in whether we buy (or how much we buy), but there are many other determinants as well. What happens when price changes? What happens when some other determinant changes? "Episode 12: Change in Demand vs Change in Quantity Demanded" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 209767 mjmfoodie
Episode 24: Do we really need all those diagrams?
 
06:00
This video takes you through all of the product and cost curves; can we start weeding them down? We can, if the information from one can be found in another. "Episode 24: Do we really need all those diagrams?" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 80597 mjmfoodie
Elasticity - Characteristics that determine elasticity
 
01:47
In this video, I take a trip to the neighborhood gas station to talk about the four main characteristics that determine whether demand is elastic or inelastic: (1) luxury/necessity, (2) number of substitutes, (3) share in the budget, and (4) time available to make the purchase. "Elasticity - Characteristics that determine elasticity" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 78497 mjmfoodie
(Macro) Episode 22: Growth
 
01:31
How will I know if Real GDP is growing? Or shrinking? "(Macro) Episode 22: Growth" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 114901 mjmfoodie
Episode 34: Comparative Advantage & Trade
 
06:25
Specialization according to absolute advantage and comparative advantage, and the resulting trade patterns. "Episode 34: Comparative Advantage & Trade" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 263636 mjmfoodie
Episode 13: Supply
 
04:58
What motivates the supplier? What factors will alter supply? "Episode 13: Supply" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 211859 mjmfoodie
Episode 14: Market Equilibrium
 
05:13
How is price determined? What might cause it to change? "Episode 14: Market Equilibrium" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 197573 mjmfoodie
Episode 5: Positive vs Normative
 
01:25
What's the difference between positive analysis and normative analysis? What is the role of each? "Episode 5: Positive vs Normative" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 243230 mjmfoodie
Episode 5A: Models & Theories
 
03:27
What is a model/theory, and why do economists use them? "EPISODE 5A: Models and Theories" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 91995 mjmfoodie
(Macro) Episode 16: Inflation & Price Indexes
 
09:20
Take a look at the Macroeconomic Goal of 'Price Stability.' "(Macro) Episode 16: Inflation & Price Indexes" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 192599 mjmfoodie
Episode 3: Resources
 
04:21
What are economic resources? The four major categories are explained in this video. "Episode 3: Resources" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 253238 mjmfoodie
Episode 8: Opportunity Cost
 
03:39
Opportunity cost is one of the most critical concepts in economics - outside of economics, it's an often-overlooked component when costs are considered. "Episode 8: Opportunity Cost" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 242275 mjmfoodie
Episode 21: Accounting Costs vs. Economic Costs
 
03:51
In this segment, I make the distinction between accounting costs/profits and economic costs/profits. "Episode 21: Accounting Costs vs. Economic Costs" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 155356 mjmfoodie
Episode 37: GATT/WTO
 
04:39
Just a quick overview of the history of GATT (General Agreement on Tariffs and Trade), which eventually became the WTO (World Trade Organization). "Episode 37: GATT/WTO" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 93708 mjmfoodie
Episode 10: PPC and Resource Changes
 
03:05
What happens to the Production Possibilities Curve when the underlying resources change? "Episode 10: PPC and Resource Changes" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 137738 mjmfoodie
(Macro) Episode 30: Creating Money
 
03:57
How is money "created" in the U.S.? The answer to this question is a key step in understanding how to control the economy via increases or decreases in the Money Supply. "(Macro) Episode 30: Creating Money" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 127681 mjmfoodie
Episode 36: Types of Trade Restrictions
 
09:45
In this video, I go over the types of tools that might be used to restrict trade, and the effects of trade restrictions. "Episode 36: Types of Trade Restrictions" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 103291 mjmfoodie
Episode 30C: Mergers
 
04:38
While mergers CAN reduce competition, they do not ALWAYS reduce competition. This video shows three types of mergers, and when the government becomes concerned enough to intervene. "EPISODE 30C: Mergers" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 34718 mjmfoodie
Episode 30B: Antitrust
 
02:36
When did the US government begin to concern itself with monopolies? "EPISODE 30B: Antitrust" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 35359 mjmfoodie
(Macro) Episode 27: Crowding Out & Lags
 
05:52
Should we use fiscal policy? This video presents some of the problems you might encounter in implementing such policy. "(Macro) Episode 27: Crowding Out & Lags" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 117335 mjmfoodie

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