Teachers' Login
4 min read

Bring Economics to Life with Video

Oct 22, 2020 6:48:59 AM

Studying economics allows learners to gain a better understanding of the world around them, on a personal, local and global level. Plus, it’s a great opportunity to cultivate analytical and critical thinking as well as develop skills that many employers look for. In short, studying economics prepares students for a bright future!

Unfortunately, there’s a misconception that the subject can be theory-heavy and complex. While it’s certainly important to have a sound understanding of key theoretical concepts, case studies also form a large part of economics courses. Plus, with video, bringing these examples to life and simplifying complex concepts is easier than ever. 

By using video in your classroom or courseware, students can see clear visualisations of economic models, hear from experts, and immerse themselves in real-life examples from around the world. 

Keep reading to discover some of the top economics videos from the Boclips library and to see more like this, visit our sample collection. Ready to start using videos in your economics courses? Get in touch to learn more about our flexible delivery and subscription options. 

 

 1- Simulating Supply and Demand by Primer

This engaging simulation shows how supply and demand models work with easy-to-understand examples and cute animations. As well as being fun to watch, this video teaches students key economics vocabulary and shows a concrete example of the supply and demand model. 

 

2- Market Failures, Taxes and Subsidies by Crash Course Economics 

When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Things like public education or military protection are good examples of market failures. So, what are some of the ways governments address market failures? This episode of Crash Course Economics addresses this question, plus taxes, subsidies, externalities, and more. 

 

3- Small Businesses Struggle to Compete with Amazon by AP

This news report includes a case study of a small retail business that is struggling to compete with Amazon. The business owner discusses the pros and cons of online shopping and why she can’t price-match with big online retailers. Meanwhile, potential Amazon employees talk about the benefits of working for a large company. This video is a good introduction to monopolies and can be used to kickstart a debate. 

 

4- Risk and Opportunity in Emerging Markets by XKA Digital 

In this video, the founder and CEO of Alquity Group discusses why investing in developing markets can be a huge opportunity. He gives examples of different regions in the world and historical case studies. This resource can be used to aid understanding of investment and trade from a business perspective. 

 

5- Living in an Age of Global Insecurity by Bloomberg 

Minouche Shafik is Director of the London School of Economics and Political Science and a member of the Bloomberg New Economy Forum advisory board. In this short video Shafik reflects on the failure of our social contract, looking at communities around the world and the challenges they face. 

 

Using video in your courses allows students to hear from experts, learn about case studies from around the world, and see economic models in action. In turn, students are more engaged with their studies and develop a stronger understanding of the subject in context. 

To see more videos like these, check out our economics sample collection which covers competitive markets, globalization, supply and demand, market failure, and ethics and sustainability. It’s free to watch and you don’t need an account! If you’d like to start using these videos, or thousands more high-quality resources in your learning materials, get in touch to find out more about how Boclips can help you do just that, quickly and easily. 

Economics video collection

Suzanna Taylor

Written by Suzanna Taylor

Suzanna is a marketing specialist at Boclips. As a former languages teacher, she is passionate about quality, accessible educational resources.