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3 - The Great Collapse of 2009 with Mike Walker
PART 3 - The current global recession is resulting in drastic changes to financial and economic policies never before seen by our generation. How did we get into this mess and how are we going to get out of it? In his signature plain talk and no-nonsense style, Michael...
2 - The Great Collapse of 2009 with Mike Walker
PART 2 - The current global recession is resulting in drastic changes to financial and economic policies never before seen by our generation. How did we get into this mess and how are we going to get out of it? In his signature plain talk and no-nonsense style, Michael...
2010 Post Secondary Video Contest Winners
And the winners are... Here are the winning post secondary entries from the Fraser Institute's 2010 Student Video Contest. First Place goes to Aaron Lloyd for "I Have Something to Say". Viewer's choice goes to Thomas Coiner for "Vigilant Governments vs Video Games" These...
1 - The Great Collapse of 2009 with Mike Walker
PART 1 - The current global recession is resulting in drastic changes to financial and economic policies never before seen by our generation. How did we get into this mess and how are we going to get out of it? In his signature plain talk and no-nonsense style, Michael...
2010 High School Video Contest Winners
And the winners are... Here are the winning high school entries from the Fraser Institute's 2010 Student Video Contest. First Place goes to Ryan Quan and Sam Kerr for "A Monopoly on Lives". Viewer's choice goes to Travis Knight for "Is the Nanny State Good or Bad?" These...
Comparative Advantage and the Tragedy of Tasmania (Everyday Economics 4/7)
What can a small, isolated island economy teach the rest of the world about the nature and causes of the wealth of nations? When Tasmania was cut off from mainland Australia, it experienced the miracle of growth in reverse, as the reduction in trade and human cooperation...
Division of Labor: Burgers and Ships (Everyday Economics 2/7)
A simple example of hamburgers being made at home versus at a restaurant can help illuminate the explosion of prosperity since the Industrial Revolution. The story of the division of labor and development of specialized tools is not a new one — Adam Smith began The Wealth...
How the Division of Knowledge Saved My Son's Life (Everyday Economics 3/7)
In this video, Professor Boudreaux explains how the specialization of knowledge helped his two-year old son overcome a life-threatening illness. The science of medicine has enjoyed significant progress since the 19th century thanks to the vast size of the market and demand...
A Deeper Look at Public Goods
Description: What do we mean by “nonexcludable” and “nonrival” when talking about public goods? Public goods challenge markets because it’s difficult to charge non-payers and it’s inefficient to exclude anyone — so, how do we produce them? Public goods provide an argument...
Calculating the Elasticity of Demand
Elasticity of demand is equal to the percentage change of quantity demanded divided by percentage change in price. In this video, we go over specific terminology and notation, including how to use the midpoint formula. We apply elasticity of demand to the war on drugs, and...