economics Archives •

The Paradox of Value

February 15th, 2019|

Defining value is not as simple as it seems. Explore the paradox of value by watching this video from Ted-Ed's Constantly Curious. Imagine you’re on a game show and you can choose between two prizes: a diamond … or a bottle of water. It’s an easy choice – the diamonds are more valuable. But if [...]

Big Mac Economics

September 20th, 2018|

Watch this video from The Economist, Asia and learn the Big Mag Economics. What can a Big Mac tell us about the global economy? By comparing the prices of Big Mac in US dollars against the price of a Big Mac in another country's currency, we can see whether a currency is over- or undervalued. [...]

Obesity: not just a rich-world problem

September 17th, 2018|

Obesity is no longer a rich-world problem. People are fatter than ever. Hunger still blights many parts of the world. But the share of people who do not have enough to eat is in decline. This video from The Economist discusses the future effects of obesity in developing countries.