Econ 120: Two-minute Videos on Economic Concepts
- Externalities ‒ Why don’t people do things that make good economic sense?
- Value ‒ How much would you pay for a beautiful day at the beach?
- Economic Indicators ‒ The quest for the really big number.
- Ecosystem Services ‒ What’s the value of something that’s free?
In these short videos, our odd little economist explains crucial economic principles in everyday terms and shows how they relate to the important decisions faced by those who manage the resources of the coasts and oceans.
What does economics have to say about the beauty of a coastal wetland? Does economics provide the tools to help us maintain both economic and environmental health? And just how much do all those economic statistics really tell us? And what values do free ecosystem services provide for us?
The “Econ 120” video series answers these questions and more. These two-minute videos on economics were designed to show that, behind all the stuffy language, economic concepts are really pretty simple. In most cases, they’re just a formal statement of things that most people already know.