Economics

Intro to Economics: Crash Course Econ #1

In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started!

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Elon Musk's Basic Economics

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How The Economic Machine Works by Ray Dalio

Economics 101 -- How the Economic Machine Works.

Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, How does the economy really work? Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.


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[Also Available In Chinese] 经济这台机器是怎样运行的:

[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке):

Killy - Economics

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Micro Unit 1 Summary- Basic Economic Concepts

The Micro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.

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What South Park Teaches Us About Economics – Wisecrack Edition

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Welcome to this Wisecrack Edition on What South Park Teaches Us About Economics.

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Written by: David Radcliff
Research by: Michael Luxemburg
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Today my Economics Degree Exam went really...

Today My Economics Degree Exam Went Really... Well if you look at the thumbanil im sure you can tell that my exam at university today went really bad! i should of revised more for this Bsc Economics and Finance Degree exam at university. I guess i shall watch some revision advice and motivational videos to help people revise. This was indeed my last exam of the January exam period. Plent of videos coming soon! uNILIFE is the one. i hate exams. GCSE EXAMS, A-LEVEL EXAMS, Univeristy EXAMS!!! I Hate 'em all!! But i will strive for success in future exams!

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I am currently studying Bsc Economics and Finance at the University of York! The University of Cambridge didn't except me. An Economics degree uncovered with Student Vlogs! You can expect to see days in my life (as a UK university student), truths about an Economics degree (at university), Student life hacks, a-level revision tips and how good University really is!!!

What did you study at A-level????? Edexcel Maths, AQA Economics and Edexcel Government and Politics
What grades did you get at Alevel????? BBB + C in a EPQ
What grades did you get at AS?????? BCDE
When did you start revising for A-level Exams?????? From the Start of Year 13

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Economics practical(tricks)- For the first time

CBSE has announced the practical examination in economics for the first time in session 2017-18
Here are few tips and tricks that should be kept in mind while facing it


Our new book- Golden gates

HORROR! Bitcoin, Mark of the Beast & SCARY Economics

Dr. Gene Kim (UC Berkeley & PBI)
Resources:

Basic Economics - Thomas Sowell Audible Audio Edition

Basic Economics is a citizen’s guide to economics-for those who want to understand how the economy works but have no interest in jargon or equations. Sowell reveals the general principles behind any kind of economy-capitalist, socialist, feudal, and so on. In readable language, he shows how to critique economic policies in terms of the incentives they create, rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy functions.

What is Economics?



The typical first-year student walks into his first economics class with very little idea of what economics is. He might have heard something like, economics is the study of money, or economics is another word for accounting, or economics is hard, don't take that class, but none of those are true.

Economics is the study of the use of scarce resources that have alternative uses. That's the classic definition of economics. Basically, there are people, and people need resources to fulfil their desires. These resources cannot be infinite, but the desires can be, so people need to make choices about how to use their scarce resources. Economists study these choices.

All economic questions fall into one of two categories: positive and normative. Positive economics describes what is and normative economics argues for what ought to be, so a question like, why do people use money? is a positive question and should people use money? is a normative question.

A general rule of thumb is that if your economic model has no value judgements, it's positive economics, and if it does have value judgements it's normative economics, since to tell someone what he ought to do, you first have to judge what is best for him.

Economics is also divided into microeconomics and macroeconomics. Microeconomics studies the behaviour of individual agents and markets, while macroeconomics studies the behaviour of the entire economy.

Economists also have their own branch of statistics called econometrics that's specialized to analyzing economic data. Since economic data usually comes from the real world, and not from controlled experiments, econometrics faces mathematical challenges that other fields might not.

The tools economists have developed to study human behaviour have broad uses outside of what we would traditionally consider economics. Economists study not only markets, but things like crime, war, the family, religion, culture, politics, law, and even genetics. That's why it's not unusual to see papers by psychologists, sociologists, criminologists, political scientists, anthropologists, biologists, neuroscientists, or legal scholars being co-authored by economists.

Warren Buffett on Mistakes, Economics of Business and Valuation

A speech then Q&A with Warren Buffett where he covers topics such as small businesses advantage over big corporations, economics of business and when to sell. 📚 Books about Warren Buffett and his favourite books are located at the bottom of the description❗

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Start of Q&A 12:23
(Question missing) Circle of competence, Economics of business 13:17
How do you find intrinsic value in a company 19:58
Formula used in valuation 23:35
Memorable mistakes 25:40
When to sell 32:30
Buying companies who use tax shelters 37:10
Current state of philanthropy 41:13
Similarities to 1920 market 48:17
Opinions of Federal Reserve 57:35
Advice for small business against big corporations 1:03:15
End of Warren Buffett’s speech 1:12:37
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Economic Schools of Thought: Crash Course Economics #14

We talk a lot about Keynesian economics on this show, pretty much because the real world currently runs on Keynesian principles. That said, there are some other economic ideas out there, and today we're going to talk about a few of them. So, if you've been aching to hear about socialism, communism, the Chicago School, or the Austrian School, this episode is for you.

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Is Economics Good Major?

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What can you do with a Economics degree? Are there jobs in Economics? What's the difference between business economics & economics? What are jobs in Economics?

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Susan Athey: The Economics of Bitcoin & Virtual Currency

Susan Athey explains how Bitcoin works, and why virtual digital currency might change the way consumers and financial institutions do business. Athey is the Economics of Technology professor at Stanford Graduate School of Business.

Read more about the perils and promise of digital currency in this article featuring Athey and venture capitalist Balaji Srinivasan:

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"Too much Maths, too little History: The problem of Economics"

This is a recording of the debate hosted by the LSE Economic History Department, in collaboration with the LSESU Economic History Society and the LSESU Economics Society.





Speakers:
Proposition Team - Lord Robert Skidelsky & Dr. Ha-Joon Chang
Opposition Team - Prof. Steve Pisckhe & Prof. Francesco Caselli
Chair - Professor James Foreman-Peck

The LSE is currently the only institution to have a separate EH department. We want to encourage students and academics alike to rethink the methodologies used to explain how our world works.

Do we use the theoretical and econometrical method to create models with assumptions to distil the complexities of human nature and produce measurable results? Or do we use the historical process of considering all factors to provide a more holistic explanation? More importantly, which method should be adopted to better understand increasingly complex economic phenomena in the future?

We are striving to provide our students breadth that exceeds their current theoretical studies. Hence, whilst we recognise the importance of economic history in allowing us to become closer to the truth and produce more intricate portrayal of events, the significance of models and mathematics remains to be emphasised.

Indeed, we wish to have this controversially named debate in order to both highlight the tension between the two disciplines and to produce a more nuanced overview in defence of the future of Economics.

Richard Thaler: "The Behavioralizing of Economics" | Talks at Google

Economist Richard Thaler visited Google's office in Cambridge, MA to discuss the topic The Behaviorializing of Economics: Why Did It Take So Long?.

The talk is an introduction to his book Misbehaving. He points out that economic models are based on ideal entities he calls econs. But maybe economic choices are made by entities we might call humans.

Richard Thaler is an American economist and the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is the coauthor of the best-selling book Nudge with Cass R. Sunstein, and the author of Quasi Rational Economics, The Winner’s Curse, and Misbehaving: The Making of Behavorial Economics.

An Economic History of the World Since 1400 | Self-Interest, Survival, and History The Great Courses

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Economics has, in many regards, created the world. Not only is it the process through which societies provide for the well-being of their citizens, it has also driven everything from trade and politics to warfare and diplomacy. In fact, there’s not a single aspect of history that has not, in some way, been influenced by economic practices.

Most of us, even those savvy at following today’s market fluctuations, have a limited understanding of the powerful role economics has played in shaping human civilization. This makes economic history—the study of how civilizations have structured their environments in order to provide food, shelter, and material goods—a vital lens through which to think about how we arrived at our present, globalized moment. It’s also a way to educate yourself about the history behind today’s (and tomorrow’s) economic headlines, from trade negotiations to job outsourcing to financial miracles.

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Behavioral Economics: Crash Course Economics #27

Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions. There can be emotional or social reasons for all this irrationality, and behavioral economics tries to address this. We'll talk about risk, nudge theory, prices and perception, and the ultimatum game. So, let's get irrational, in a logical way, of course.

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Introduction to economics | Supply, demand, and market equilibrium | Microeconomics | Khan Academy

Basic introduction to what microeconomics and macroeconomics study. A bit on Adam Smith.

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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course

About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything.

For free. For everyone. Forever. #YouCanLearnAnything

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