In this series of films we review some basic ideas in mathematics. You may be familiar with these ideas but you need to be sure about them, as they are fundamental building blocks for what it to follow in a course of mathematics for economics. This programme will review the foundations to develop understanding of more advanced concepts. For example, how do people make choices when they are unsure about the outcome of their decisions? How do governments make decisions about which road building schemes are worthwhile.
These video clips and animations can be viewed in isolation, or you can use our learning pathway and follow links to related material in our Question Bank.
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1.01 Understanding Fractions - Introduction
This film introduces the series and travels to a Rocky Mountain casino to explore probability in the context of playing cards. (Duration 14 minutes 16 seconds).
1.09Powers - Production Functions in Gold Mining and Oil Production
This film explores the relationship between costs and output in gold mining and oil through the use of power production functions. (Duration 14 minutes 57 seconds).
1.12 Algebra - Balanced Budget Multiplier in Germany
The multiplier effects of balanced budget expenditure in Germany where the government has increased taxes in the West to fund development of the East. (Duration 10 minutes 39 seconds).
