Foundations of Wealth, The: DVD 2

Synopsis: 'The Foundations of Wealth’ combines documentary film material and animation to present an introduction to economic principles. The series is structured around the activities of two people, cartoon characters, and the community they live in, through a series of economic changes and developments, that show the foundations of basic economic principles and mechanisms, which are then presented at work in the contemporary world. The series is designed for use in the classroom but also suitable for any course where the basics of economics need to be introduced or explained in a clear, memorable and entertaining way.

Episode 6. The Market (11 minutes) - Key concepts: voluntary exchange, command economy, incentive
Episode 7. Money (11 minutes) - Key concepts: token of value, store of value, measure of wealth
Episode 8. Supply, Demand and Price - i. Price and the consumer (13 minutes) - Key concepts: prices as information, law of demand, relative value
Episode 9. Supply, Demand and Price - ii. Price and the producer (13 minutes) - Key concepts: gluts and shortages, innovation, law of supply, equilibrium price
Episode 10. The Mixed Economy (11 minutes) - Key concepts: planned economy, market economy, public goods
Series: Foundations of Wealth Series
Language: English
Country: Great Britain
Year of production: 2004
Subjects: Economics
Keywords: capitalism; supply and demand; economic history; economic systems; economic theories

Name: Viewtech Educational Media
Notes: NB. Viewtech ceased trading in 2014 and the company’s products are no longer in distribution

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