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Economies of Scale - A cool video

Graham Prior

9th January 2011

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I found this really, really good video on Friday about economies of scale. A bitesize video so maybe most people have seen this but I hadn’t.

When I teach economies of scale, I also use a couple of products that kids can relate to in order to demonstrate bulk buying. For example, last year I brought in a can of coke and a multi-pack. Got the kids to work out the price of an individual can in the multi-pack. Perfectly illustrates bulk buying economies. I have also used a small bar of dairy milk and a giant bar. Kids can then eat the chocolate after.

Anyway, the video can be found here. You won’t be disappointed. Its amazing.

Enjoy….

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Graham Prior

Graham is an experienced teacher, examiner, moderator and lover of education with a passion for teaching and learning.

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