2. Video Varsity

1. ECONOMICS

This is a "harvest" of videos that a learner can use to update his/her knowledge of the subject - the lecturer at home so to speak. Many learners find reding economic texts a bit tedious - they will benefit tremendously from this selection. I have tried to get an interesting and varied set of lecturers to explain the different topics.

This is a work in progress so I will be adding to the list as time goes on. Make a note of the ones that you have seen to easily be able to identify the new ones.

CIRCULAR FLOW OF INCOME AND SPENDING IN A FREE MARKET A useful introductory video

https://www.youtube.com/watch?v=e0nBs7L8CrE

7:36 (7:36)

2. MACROECONOMICS

https://www.youtube.com/watch?v=nQXD5Mhv5Q8

15:00 (22:36) 3. Measurement in Macroeconomics CPI, Employment & GDP: https://www.youtube.com/watch?v=DJwuQ6VLi1U&list=PL3701397E6C8E5DB5 4. SUPPLY AND DEMAND

This is an important microeconomic concept.

https://www.youtube.com/watch?v=ZR2255CEhvk&index=2&list=PL3701397E6C8E5DB5

5. PRICE CONTROL AND TAXES (Taxes not for Mancosa Learners)

https://www.youtube.com/watch?v=iLpeK-gQ_I8&list=PL3701397E6C8E5DB5&index=3

6. FREE MARKET ECONOMICS

7. Monopolies and market power.

Monopolies and monopoly power. Ayn Rand hits the nail on its head – monopolies would not exist if it were not for government intervention.

https://www.youtube.com/watch?v=0_PQlX9NDL0

In a free society monopolies would be rare - they are the result of some government granted privilege.

8. A QUICK OVERVIEW OF KEY ECONOMIC CONCEPTS

The Invisible Hand, Comparative Advantage, The Phillips Curve and others

https://www.youtube.com/watch?v=LCRNI04tnN8

The wonder of Market collaboration and voluntary cooperation to produce spontaneous order - the invisible hand that is free to orchestrate the most complex of interactions conceivable.

9. PROFIT SPECIALISATION AND TRADE I PENCIL

https://www.youtube.com/watch?v=IYO3tOqDISE

Extended commentary on I, pencil: https://www.youtube.com/watch?v=PwHvizPqpWI Milton Friedman on the price system, individual freedom and voluntary trade: https://www.youtube.com/watch?v=4ERbC7JyCfU

You can view the video here too and read or download Leonard Reid's booklet "I Pencil" here

10. Entrepreneurship The role of the entrepreneur in society. The ant-trepreneur https://www.youtube.com/watch?v=m4qdQ9NT4eQ

11. COMPARATIVE ADVANTAGE AND GAINS FROM TRADE This is a VERY nice video - a must see if you wish to understand the concept. https://www.youtube.com/watch?v=xx9xNJlPOJo 12. ADAM SMITH

A short overview of the father of economics.

https://www.youtube.com/watch?v=u7ZvQmJ2GGU

13. UNEMPLOYMENT Unemployment and job creation

http://www.youtube.com/watch?v=xr9iLCR1Usk

Phillips Curve https://www.youtube.com/watch?v=zatnIhwmu1c

2015 unemployment figures:

http://www.bdlive.co.za/economy/2015/07/29/unemployment-rate-drops-from-26.4-to-25-in-second-quarter

Here is the view of one analyst: http://www.freemarketfoundation.com/issues/its-the-cost-of-labour-that-keeps-87-million-south-africans-unemployed#.VdHJZOpqA2o.facebook 14. CAPITALISM AND SOCIALISM

Milton Friedman

https://www.youtube.com/watch?v=ulqBb4JePuQ

If you are not a Mancosa student and these concepts interest you send me an email at Proplib@gmail.com and I will put you in touch with them.

15. BUSINESS CYCLES

I brief introduction into business cycles https://www.youtube.com/watch?v=TXrOpjG4dUs

Austrian business cycle theory

https://www.youtube.com/watch?v=B_kCH8nyfd4

SHORT VIDEO ON BUSINESS CYCLES

https://www.youtube.com/watch?v=jGP-vPEHRRE

16, MONEY

And debt in the Economy

http://www.nationaldebtclocks.org/#debtexplained

17. ECONOMIC GROWTH: Economic Growth through Investment https://www.youtube.com/watch?v=a9aUMpGs6c8

18. NATIONALISATION So we want more companies run by the state?

View this video before you take put your vote behind Nationalisation of more industries (as if the Eskom and Prasa experiences were not enough). Here is the SAA story: https://www.youtube.com/watch?v=8HECbxH3ccw