Watch full episodes of Trade-Offs

About Trade-Offs

Choice (Opportunity Cost)

Malcolm Decides (Personal Decision-Making)

We Decide (Social Decision-Making)

Give and Take (Trade-offs Among Goals)

Less and More (Increasing Productivity)

Working Together (Specialization and the Division of Labor)

Does it Pay (Investment in Capital Goods)

Learning and Earning (Investment in Human Capital)

Why Money (Voluntary Exchange)

To Buy or Not to Buy (Buyers and Market Demand)

To Sell or Not to Sell (Sellers and Market Supply)

At What Price? (Market Clearing Prices)

How Could That Happen? (Interdependence of Market Price)

Innocent Bystanders (Market Intervention: Reducing Indirect Costs)

Helping OUt (Market Intervention: Increasing Indirect Benefits)