Economic Concepts and Public Policy

Theories and graphs, and real-world applications.

Historical events and future predictions.

Money management and stock market analysis.

Global trade and local business.

The study of money or getting rich.

The study of the stock market.

Forecasting market or economy with bow ties.

The study of people and choices.

The study of wealth and its accumulation.

A study of man and woman in the ordinary business of life, inquiring how they get and use income.

The science of predicting market trends.

The analysis of government spending and debt.

An 18-year-old deciding whether to work or go to college.

A company deciding whether to produce smartphones or tablets.

The government deciding whether to increase spending during a recession.

All of the above.

Because you are being forced to watch it.

Because you believe the benefits of watching outweigh the costs.

Because it is a free video on YouTube.

Because you are learning about money.

The total cost of all available alternatives.

The monetary value of a product or service.

Whatever you give up to do something.

The profit gained from a business decision.

Supply and demand, and market equilibrium.

Unlimited wants and finite resources, and everything has a cost.

Government intervention and free markets.

Inflation and unemployment.

Because they are unaware of the risks involved.

Because the benefits of driving outweigh the costs.

Because there are no alternative transportation methods.

Because car accidents are rare.

Unlimited resources

Scarcity

Infinite demand

Government intervention

Comparative advantage

Absolute advantage

Opportunity cost

Marginal benefit