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This Market and Minimum Wage: Econ Concepts in 60 Seconds instructional video also includes:
Watch this savvy economics instructor as he explains the direct and inverse relationships between wages and the quantity of workers demanded and supplied in a resource market.
15 Views
3 Downloads
CCSS:
Adaptable
Concepts
Additional Tags
Classroom Considerations
- Before beginning video, learners should understand the concept of a resource market and how individuals act as the suppliers of firms
- More appropriate for an advanced placement class
- This video is hosted on YouTube
Pros
- Speaker illustrates concept by drawing on a whiteboard as he explains
- Also discusses minimum wage and how it is reflected on a graph in relation to equilibrium
Cons
- Speaker moves through content very quickly