Introduction to Economics

What is economics? Yes, of course it has to do with money. But beyond the concepts that we might immediately think of, like taxes, gross domestic product, and the stock market, which belong to macroeconomics, we must also understand microeconomics. Deconstructing the personal decisions we make every day, on the basis of scarcity of goods and resources, will help us get a better understanding of what economics is fundamentally about, such that we can then learn about larger concepts in a relatable way. And don’t forget personal economics like banking and credit cards, that’s all in here too. Let’s learn about economics together! Script by Matt Beat: Animation by Ignacio Triana: Watch the whole Economics playlist: Mathematics Tutorials: American History Tutorials: History of Drugs Videos: General Chemistry Tutorials: Classical Physics Tutorials: EMAIL► ProfessorDaveExplains@ PATREON► Check out “Is This Wi-Fi Organic?“, my book on disarming pseudoscience! Amazon: Bookshop: Barnes and Noble: Book Depository: