Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

Explanations

The Paradox of Value

Graham Watson

30th August 2016

Share this content:

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!

The Paradox of Value
Share this content:

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

You might also like

In the News Teaching Activity – Can technology help improve the productivity of land? (Sept 2025)

15th September 2025

4.1.4.4 Costs of production (AQA Economics)

Study Notes

4.1.4.3 Law of diminishing returns and returns to scale (AQA Economics)

Study Notes

4.1.4.2 Specialisation, division of labour and exchange (AQA Economics)

Study Notes

1.1.5 Specialisation and the Division of Labour (Edexcel)

Study Notes

In the News Teaching Activity: Division of Labour in Modern Times (Sept 2023)

18th September 2023

What are some of the key ideas associated with the economist David Ricardo?

Study Notes

1.1.5 Division of Labour and Specialisation (Edexcel A-Level Economics Teaching PowerPoint)

Teaching PowerPoints