Adam Smith's concept of the invisible hand and its subsequent perception in economics is illustrated in this short video. 2015 Level: beginner The invisible hand   BBC Radio According to Karl Marx, work should satisfy people and encourage creativity. But the capitalist production, the separation of labour and the exploitation of workers alienates them from their products. 2015 Level: beginner Karl Marx on Alienation   BBC Radio Philosopher and political economist John Stuart Mill laid several foundations for liberal thinking, amongst others with the harm principle: everyone should be given the individual freedom - and not be hindered by e.g. state intervention - to act as s/he wants as long as no other person is harmed by this action. A short insight in his book On Liberty. 2014 Level: beginner The Harm Principle: How to live your life the way you want to   BBC Radio Draw me the economy gives a short introduction in the measurement of the Gross Domestic Product and Purchasing Power Parity and comments on what needs to be taken into consideration when comparing countries and mentions some shortcomings of GDP as criterion of wealth. 2016 Level: beginner What is gross domestic product?   Draw Me The Economy The historical situation of low interest rates after the Fed's response to the 2001 crisis alongside with huge foreign money inflow to the US are presented as the historical context in which subprime lending and financial instruments like CDOs and CDS evolved. Then those instruments as well as the concept of leverage are explained briefly. 2009 Level: beginner The Crisis of Credit Visualized   Films for Action Renowned scholars elaborate a critique on neoclassical economics and how it was unable to predict and even favoured the financial crisis. They refer to DSGE models, equilibrium theory and rational agents – a brief insight in the critique on neoclassic economics. 2012 Level: beginner Financial Instability Mini-Documentary Joseph Stiglitz, Gillian Tett, David Tuckett, Stephen Kinsella, John Kay, David Weinstein, Steve Keen and Dirk Bezemer INET What is the working class under present circumstances and in particular in urban lives? David Harvey explains how the concept of the working class is still suitable for the current organization of work – even if working conditions changed, now being more service-oriented and diffused. Harvey further discusses how this diffused working class can organize via urban neighbourhoods. 2015 Level: beginner The Revolutionary Class Today David Harvey TV Boitempo In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory which suggests that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers. 2011 Level: beginner Tax Havens - Investigating International Finance   New Economics Foundation How was money actually invented? Where does it come from? In this first episode of a video lecture, Dirk Bezemer from the University of Groningen presents the origins of money and how it's related to debt. It's a basic historical review and you can get an idea of how money is created and how banks work. The following episodes aim at giving an overview of the last debt crisis. 2013 Level: beginner DEBT episode 1: Debt, a great invention Dirk Bezemer University of Groningen Paul Collier describes the four important topics that he thinks would help the "bottom billion" in the long-run: aid, trade, security and governments. In this short video, Collier explains why he considers government support important. 2013 Level: beginner The "bottom billion" Paul Collier TED Talks Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis. 2012 Level: beginner Ecological Economics Joan Martinez Alier Extraenvironmentalist The economist Thomas Piketty presents a central argument of his book Capital in the Twenty-First century: if the rate of return to capital generally exceeds an economy's growth rate, this leads to a higher concentration of wealth in the long run. He furthermore shows with historical data how wealth and income inequality increased within the past decades. 2014 Level: advanced New thoughts on capital in the twenty-first century Thomas Piketty TED Talks This is a recording of an introductory course held at the 4th International Degrowth Conference for Ecological Sustainability and Social Equity in Leipzig in 2014. Federico Demaria from the French-Spanish organisation Research and Degrowth gives an introduction to degrowth. The presentation is based on the introduction to the book “Degrowth. A vocabulary for a new era.” and discusses definitions of degrowth, degrowth literature, debates, history and further research to be done. 2014 Level: beginner Introductory Course: "Degrowth: What?!" Federico Demaria The Extraenvironmentalist The Canadian author and journalist Richard Swift takes the listener on a journey to different degrowth projects. During the visits concepts of the degrowth movement are explained and practical examples are highlighted. In the elaborate programme different actors of the international degrowth movement get to speak (e.g. Joan Martinez Alier, Federico Demaria). 2013 Level: beginner The Degrowth Paradigm Richard Swift CBC Radio Capitalism cannot fulfil the promises of the French revolution: Liberty, Equality, Fraternity. Why? Richard Wollf elaborates on Marx's analysis of the distribution and organisation of surplus in society and his conclusion that there is something inherently wrong in capitalist class structure that still causes economic crisis in our modern times. Change requires changing the organisation of the production. This goes far beyond a discussion of 'more-state' vs. 'less-state'. 2011 Level: beginner Intro To Marxian Economics Richard D Wolff Youtube The short video gives a first idea of what Karl Popper meant by falsification. 2015 Level: beginner Karl Popper's Falsification Aidan Turner BBC Radio 4 What is money and how does it work? The short film reveals common misunderstandings of where money comes from, explains how money is created by banks and presents consequences of money as credit. The video is part of the campaign positive money, promoting the democratic control over money creation. 2013 Level: beginner What is money?   Positive Money What does it mean that gender is performative? In this short video, Judith Butler illustrates that gender is a culturally formed norm that is permanently produced and reproduced. 2011 Level: beginner Your Behavior Creates Your Gender Judith Butler Big Think The video gives a short explanation of Max Weber's treatment of the protestant work ethic as the explanatory factor for the development of capitalism. 2016 Level: beginner An Introduction to Max Weber’s The Protestant Ethic - A Macat Sociology Analysis   Macat Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: beginner How money gets destroyed - Banking 101 (Part 6 of 6)   Positive Money Thomas Piketty's Capital in the 21st century is presented and the central argument that capital returns have historically exceeded growth rates, thus exacerbating inequality is illustrated. 2015 Level: beginner An Introduction to Thomas Piketty's Capital in the 21st Century- A Macat Economics Analysis   Macat Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: beginner Misconceptions around Banking - Banking 101 (Part 1 of 6)   Positive Money Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: beginner Do banks create money or just credit? - Banking 101 (Part 5 of 6)   Positive Money In this interview, Daron Acemoğlu provides a definition of institutions as rules that govern how individuals interact and speaks about social, political and economic institutions. He furthermore presents his view on bad or good institutions and the importance of the latter. The video is part of a larger interview, where he elaborates his perspective on differing prosperities of states and the relation between growth and democracy. 2009 Level: beginner Institutional Economics - Rethinking the Wealth of Nations Daron Acemoğlu Fondazione Eni Enrico Mattei Critique of neoclassical economics is presented and contrasted with the more realistic assumptions made by an complex adaptive systems and evolutionary approach. 2014 Level: beginner Complexity Science: 11 Complexity Economics   Complexity Academy Dirk Bezemer exemplary presents pattern of the U.S. economy before the 2007 economic crisis and explains how due to those pattern the crisis could have been, unless not precisely predicted, yet anticipated. 2014 Level: beginner Prof Dirk Bezemer on 2007/2008 Financial Crisis Dirk Bezemer University of Groningen What causes a recession? Told by economic historian John S. Gordon and visualized by a dancing performance, this short film focuses on emotions that are linked to recessions and recovery: fear and confidence. 2014 Level: beginner Recession Lee Hirsch We The Economy First the global mean is calculated from a matrix of three sets each containing three observations. Then the sum of squares is calculated. Lastly, the concept of degree of freedom is explained. 2012 Level: advanced ANOVA 1: Calculating SST (total sum of squares)   Khan Academy Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio. 2012 Level: beginner What's wrong with the money multiplier? - Banking 101 (Part 2 of 6)   Positive Money This video by the Khan Academy presents the difference between monetary policy and fiscal policy and how they affect aggregate demand. The video especially elaborates on the basic explanation on how expansionary monetary policy increases aggregate demand via the market for money and the AD-AS model. 2012 Level: beginner Monetary and fiscal policy | Aggregate demand and aggregate supply | Macroeconomics   Khan Academy What is sustainable development and what is the idea of a green economy? What is the role of the green economy in the current triple crisis? The short video discusses the concept and in particular the concerns about a green economy, especially with regards to inequality and poverty. The short statements in the video also reflect other possibilities of transformation. 2012 Level: beginner Green Economy and Sustainable Development: Bringing Back the Social Sarah Cook; Tadzio Müller; Bob Jessop; Bina Agarwal; Claudia Robles; etc. United Nations Research Institute for Social Development This short video by the Khan Academy presents a classic introduction to economic teaching. Starting with the quote by Adam Smith in "The Wealth of Nations" on the invisible hand, it shows how economics deals with the question of the allocation of scarce resources and shortly presents different questions addressed by microeconomics and macroeconomics. It further makes reference to questions of simplification in mathematical models. 2012 Level: beginner Introduction to economics | Supply, demand, and market equilibrium | Microeconomics   Khan Academy