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Economics

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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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Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall

TO: My Students
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Culpzilla's students are amazing! You guys rock!

TO: Everyone
FROM: Pankaj

DFTBA and keep being the exception like the Mongols.

Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever:

Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran,
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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.


To learn more about Economic Principles visit:


[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):

For more from Ray:
Principles | #1 New York Times Bestseller:
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Why Silicon Valley and Shenzhen Have Exactly The Opposite Problem

Move fast and break things doesn't exactly translate into Mandarin.
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Silicon Valley: History’s Greatest ‘Ponzi Scheme’ (Mini-Documentary) by Jake Tran
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How to Invest In Chinese Stock Markets (And Why You Absolutely Should Not!)
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#SiliconValley #Shenzhen #Economics

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ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY ????????
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What is Economics?

We hope you are enjoying this video! For more in-depth learning, check out Miacademy.co, an online learning platform with lessons and practice games that go along with our videos.

In this video, you will learn about the study of resources.

Miacademy also offers many hands-on learning activities including a business simulation, writing in the Miacademy weekly, and creating artwork. Teaching social skills is also one of the key values at Miacademy. On the site, kids can interact safely in a moderated environment and share their artwork, videos, and ideas with each other.

Homeschoolers, Parents, Teachers, or anyone with kids in grades K-8, check out and use coupon code VIDEOSPECIAL for a discount
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Introduction to economics | Supply, demand, and market equilibrium | Economics | Khan Academy

Learn about some of the key ideas that influenced early economic thinkers, such as Adam Smith, in this video.

Practice this yourself on Khan Academy right now:




Economics on Khan Academy: Economics is the study of individuals and societies allocate scarce resources. Learn how markets work, how individuals maximize their happiness and firms maximize profits, and how economies grow. We hit the topics you would expect to see in high school and college level introductory economics courses.

About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.

For free. For everyone. Forever. #YouCanLearnAnything

Elon Musk's Basic Economics

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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.

Crash Course is on Patreon! You can support us directly by signing up at

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Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson
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An economist walks into a bar | Robert Litan | TEDxKC

This talk was given at a local TEDx event, produced independently of the TED Conferences. Litan's talk explores the surprising role economists have played in the development of the internet economy -- and quite possibly your love life.

As an economist and attorney, Litan has had nearly four decades of experience in the worlds of the law, economic research and policy, and as an executive in the private, public and government sectors. He has directed economic research at three major organizations – The Brookings Institution, The Kauffman Foundation and Bloomberg Government – and authored or co-authored 27 books on a variety of economic topics. His most recent book, “The Trillion Dollar Economists,” will be published by Wiley Press this September.

Litan currently is a non-resident senior fellow at Brookings; counsel to Korein Tillery, a law firm based in St. Louis and Chicago specializing in large case litigation; chief economist at Main Street Genome, a D.C.-based startup providing financial analytics to small businesses; and a regular contributor to the Think Tank blog published by The Wall Street Journal.

About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

Supply and Demand: Crash Course Economics #4

In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries.

Crash Course is on Patreon! You can support us directly by signing up at

Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:

Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters

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The World in 2021: five stories to watch out for | The Economist

The World in 2021 will start to look beyond covid-19: to the launch of an asteroid-smashing space probe, the next step in the fight against climate change and China’s supremacy at the box office. Here are five stories to watch out for.

00:00 - Top five stories for 2021
00:39 - Democracy under threat
04:17 - The electric revolution revs up
06:55 - A chance to turn a corner on climate change
10:39 - China v Hollywood: battle of the box offices
14:40 - Defending the planet

Sign up to The Economist’s daily newsletter:

Find all of the articles in World In 2021:

Read our latest coverage of covid-19:

Find all our climate-change coverage:

2020: the year when everything changed:

The pandemic has eroded democracy and respect for human rights:

How would-be autocrats used covid-19 as an excuse to grab more power:

Why democracy failed in the Middle East:

Electric vehicles: who will rule the Teslaverse?

Countries should seize the moment to flatten the climate curve:

Paris-anniversary climate pledges bring progress but fall short:

The world’s energy system must be transformed completely:

Why it’s time to make coal history:

The World in 2021: the pandemic has shaken up the movie business:

Daily chart: Hollywood is losing ground in China:

How Hollywood should deal with Chinese censors:

Why easier access to space imposes new environmental responsibilities on humanity:

A new moon race has begun:
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Hyperinflation is Already Here – You Just Haven't Realised It Yet.

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Hyperinflation has been a doomsday scenario for modern economies throughout the last century. In all of these failed countries (Zimbabwe, Venezuela, Hungary, Yugoslavia, etc.) there have been uniform warning signs, the same signs that we are starting to see today in the U.S.

#Inflation #Hyperinflation #Economics

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ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY ????????
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Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

Is An Economics Degree Worth It?

Today's video is going to be about economics degrees and whether it's worth it or not

This is technically not a business degree but graduates may end up competing for the same job, so I sort of group them together

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There are a lot of college degrees out there and economics is one of those degrees where it's not 100% obvious that it's a good one

So we will go over some of the careers that you can get, the salary, the job satisfaction, the job outlook, and also the x factors that go into choosing these types of jobs

These videos are for educational and entertainment purposes only. I am not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Please don’t make buying or selling decisions based on Shane’s videos. If you need such advice, please contact the qualified legal or financial professionals, not the opinion of a stranger on the internet.

Sources and further readings:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees)

Why Economists Never Agree on Anything?

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An economy is a collection of production and consumption processes that are all working towards solving the central economic problem.

The problem is that we only have access to a finite amount of resources, but the potential for human consumption of goods and services is pretty much limitless.

This is the foundation of economics, every study, every paper, every theory, economic policy, or experiment is ultimately an attempt to find a solution to a problem, that by its very nature, has no solution.

Economics is considered a social science, and although some other scientists from more “rigorous” fields don’t always welcome it into their little club, it still follows the same processes to explore the world around us.

And, as with science, or anything that is extremely complex for that matter, there are disagreements between practitioners at all levels of academia and throughout the entire history of the subject.

The economic schools of thought are very broad ways that economists are clumped into basic groups.

Now the first thing to know about all of these schools of thought is that they all agree with one another on most issues.

In the same way that two physicists will obviously agree with one another that and object at rest will remain at rest, but might disagree about string theory. Two economists will obviously agree that there are opportunity costs for every unit of production, but they might disagree on the long term implications of a consumption tax.

The economy impacts our financial situations, our governments, retirements, environments, crime rates, and basically anything else that is going to make news headlines.

As with anything that people are invested in they form opinions around it. And those opinions are held by everybody from Nobel laureate career economists to that crazy guy advocating for a seed-based economy.

If this contention wasn’t enough then there is one other issue that makes these schools of thought difficult to deal with, and that is that there are no strong borders between them.

There are plenty of economists that agree with some of the principles of one school of thought and then disagree wildly on some other areas. Which is actually a good thing. But more on that later.

For now, to try and make sense of this wild world we are going to look at three major schools, Classical, Austrian, and Keynesian.

To show the differences between these schools we are going to look at the way they suggest solving the central economic problem in key areas.

What they suggest the role of government is.

What do they think the role of the individual is.

What they propose doing in an economic crisis.

And finally what is the key to delivering a wealthier happier economy?

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If you’d like to dive deeper in to the topics discussed in this video, we recommend checking out these fantastic books:

???? Wealth of Nations by Adam Smith -
???? The General Theory of Employment, Interest and Money by John Maynard Keynes -

(Note: as an Amazon Associate, we earn from qualifying purchases).

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#Austrian #Keynesian #Economics

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ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY ????????
Support EE by becoming a Patron today! ????

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

Adam Smith: The Grandfather Of Economics

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This is Adam Smith. Adam Smith was a Scottish philosopher and author who is probably best known for writing a book titled “An Inquiry Into the Nature and Causes of … The Wealth of Nations!”

This book effectively marked the beginning of economics as an academic discipline as Adam Amith, (now heralded as the father of economics) laid the foundation for economic rules and principles that guide decision making the world over.

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???? If you want to learn more about this topic, be sure to check out the book The Wealth of Nations by Adam Smith ???? (note: as an Amazon associate, EE earns from qualifying purchases. Thanks for supporting our show!)

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#AdamSmith #WealthOfNations #Economics

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ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY ????????
Support EE by becoming a Patron today! ????

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

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Thomas Sowell -- Basic Economics

Recorded on December 14, 2010

Thomas Sowell has studied and taught economics, intellectual history, and social policy at institutions that include Cornell University, UCLA, and Amherst College. Now a senior fellow at the Hoover Institution, Sowell has published more than a dozen books, the latest of which is a revised and updated edition of his classic volume, Basic Economics.

Through its various editions, Sowell writes, the fundamental idea behind Basic Economics remains the same: Learning economics should be as uncomplicated as it is informative. Here, Sowell seeks to uncomplicate some of the economic issues confronting the country today, from the financial crisis and the role of the Fed to the economics of health care and trade imbalances.
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Inflation: could covid-19 cause prices to rise? | The Economist

In the past two decades inflation has puzzled economists by remaining low in good times and bad. Could the pandemic cause it to rise?

Sign up to The Economist’s daily newsletter to keep up to date with our latest coverage:

Find all of our finance and economics coverage:

Read our special report about how inflation is losing its meaning as an economic indicator:

How to make economic policy fit for a world of low inflation:

Why a surge in inflation due to the pandemic looks unlikely:

The World In 2021: governments must judge if the economic recovery needs more help:

Why economists’ models of inflation are letting them down:

How most emerging markets overcame high inflation:

Why the Fed made its biggest inflation-policy change in decades:

The dirty secret of capitalism -- and a new way forward | Nick Hanauer

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Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that greed is good -- an idea he describes as not only morally corrosive, but also scientifically wrong -- and lays out a new theory of economics powered by reciprocity and cooperation.

The TED Talks channel features the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and more. You're welcome to link to or embed these videos, forward them to others and share these ideas with people you know. For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request here:

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Why YOU should learn economics!

Why should you learn economics? Put simply, it's becasue it will make you a better decision maker and help you see the unseen. Economics is the study how we deal with scarcity so we can use our resources as efficiently as possible. So whether it's in your personal life or when you run a business or when you promote a government policy, thinking like an economist will help you maximize your own happiness, make the most profit, or help the most people.

I've made a ton of videos to help you learn and practice economics. Feel free to check out the macroeconomics and microeconomics playslist below, as well as, the playlist of some of my favorite videos. Thanks for watching.

Macro Playlist-
Micro Playlist-
Favorite Videos-

Covid-19: how to fix the economy | The Economist

Governments will have to deal with the economic fallout from the pandemic for decades to come. If they get their response wrong, countries risk economic stagnation and political division. Read more here:

Find The Economist’s most recent coverage of covid-19 here:

Read our special report on the economic impact of the COVID-19 pandemic:

How the pandemic is reshaping banking:

Why America’s economy is beating forecasts:

How the covid-19 pandemic is forcing a rethink in economic policy-making:

How recessions create long-term psychological and economic scars:

What past pandemics can teach us about the economic effects of pandemics:

An Economics Degree Is Worth The Money... (Complete Economics Degree Review)

I studied Economics for 3 years. It has changed my life (I'm not lying...). Today I review my experience studying for an economics major, economic degree and let you know what surprised me about my studies. This video should help you decide if doing an economics degree is a good choice for you.

???? By request, you can now buy My Full Economics Dissertation

Economics is a very popular major and degree. Some people get stuck between choosing a business, finance, accounting or economics degree and this video should help you choose. Economics degree in UK. Economics Degree in the US. Economics degree in Australia. With Alevel results day around the corner, this is the perfect time to bring out a full review of my Bsc economics and finance degree. It's a high paying degree meaning if you study for an economics degree or an economics major you should have a good salary and make good money and it shouldn't be too hard either ;). Is economics a good degree? Is economics a good major?

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???? The Everything Uni Podcast

ABOUT ME:
I'm Dylan and I'm 21. I've just finished my BSc Economics and Finance degree at The University of York and during my second year, I studied abroad at the University of Sydney in Australia. Now I'm going to drama school in London to do a Masters in Acting at ALRA. My life is honestly a bit crazy... Day in the life of a economics student at harvard university coming soon.

*Some Links are Affiliate Links :)

???? Music Used - [No Copyright Music] Chill Uplifting LoFi HipHop Music (No Copyright) ATF Pieces - Extended Version_cNVQqdr0tjo.mp3
- Malecon_-_Soyb_Amine_Maxwell_·_Free_Copyright-safe_Music[Youtubetomp3.sc].mp3

Business Inquiries only: idylanrf@gmail.com

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