Think Like an Economist
An introduction to the big ideas in economics.
Think Like an Economist
Trailer: Introduction to Think Like An Economist
0. Why should you Think Like an Economist?
1. Core Principle 1 – The Cost-Benefit Principle
2. Core Principle 2 – The Opportunity Cost Principle
3. Core Principle 3 – The Marginal Principle
4. Core Principle 4 – The Interdependence Principle
Bonus: Should you go back to school?
Bonus: Juggling Work and Childcare During a Pandemic
5. The Law of Demand - How You Choose to Buy
6. Supply- Getting the Best Out of What You Sell
7. Equilibrium - Balance in a Busy World
8. Elasticity - What Will You Do When Prices Change?
9. When Governments Intervene - Taxes, Price & Quantity Regulations
10. Economic Surplus - Getting the Most out of Life
11. Gains From Trade - Why Ringo played the drums
12. International Trade - Cars from Corn
13. Externalities - The Full Cost of the Choices we make
14. The Labor Market - Live to Work, or Work to Live?
Bonus: Presidential Econ 101 - A To Do List
Bonus: A New Treasury Secretary - Who is Janet Yellen and what will she do?
15. Inequality - Understanding the Gap between Rich and Poor
16. Market Power - Why businesses charge more
17. Price Discrimination - Why some people pay less
18. Private Information - I Know Something You Don’t Know
Bonus: Thinking Big, Remembering Small - From Micro to Macro
19. Gross Domestic Product - Adding Up Everything We Do
20. Economic Growth - Improving our Lives
21. Unemployment - Does joblessness have to mean hopelessness?
22. Inflation - When money loses its value
Assignment: Spending and Saving
23. Consumption and Saving - Spend Now or Save to Spend Later
24. Investment - Upfront costs for future gains
25. The Financial Sector - Bonds, Stocks and Shares - should you or shouldn't you?
26. Exchange Rates & International Finance - The flow of currencies around the world
27. The Boom & Bust of Business Cycles
28. Connecting Interest Rates & Output
29. Inflation and the Phillips Curve
30. The Fed Model - Predicting what will happen to the Economy
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