Tuesday, October 2, 2012

More Competition

Apparently Jeff Ely is getting into the business of providing free online education.  Here's a short video on Welfare Economics.

As an economics guy, I find the example -- judges voting in the 2012 Olympics -- to be a compelling introduction to the idea of Pareto Optimality.  It looks like Ely has the help of the IT department in making these videos, and the production quality shows.

In case you're interested, here is what a less well known and younger economist does on a lower videography budget.

Pareto Efficiency

Something Related, More Basic, and Easier

For my taste, these two approaches are complements rather than substitutes.  I'm happy to see the competition because I think short, clear videos like this are underutilized.

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