Explanations
The Paradox of Value
30th August 2016
TED-Ed looks at a key economic principle: the paradox of value. It's typically clear - and highlights the difference between marginal utility and the law of diminishing marginal utility. It was first addressed by Adam Smith - so it's not a modern problem!
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econoMAX - What Would Adam Smith Say?
8th October 2013
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Video Examples of the Division of Labour
9th February 2013
Famous Economists - "Match Up" Activity
Quizzes & Activities
What is the Invisible Hand of the market?
Study Notes
3.3.2 Short Run Cost Curves (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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In the News Teaching Activity: Division of Labour in Modern Times (Sept 2023)
18th September 2023