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Economics

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Inflation Is Driving Secondhand Markets Out Of Control. Here’s Why.

What do old watches and used cars have in common? (Hint: Inflation)
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#Inflation #Economics #Macroeconomics


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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!

Crash Course is now 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 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!

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DFTBA and keep being the exception like the Mongols.

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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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Is higher inflation cause for concern? | The Economist

Inflation rates have been rising all over the world, surprising many economists. While the rich world is paying higher prices for durable goods such as cars, in emerging markets soaring food prices are a greater worry. What is causing this unexpected bout of inflation, and will it last?

00:00 - What’s happening with inflation?
00:53 - What is inflation?
01:42 - Inflation rates are rising
02:47 - How much is too much inflation?
03:13 - Inflation in the rich world
05:19 - Inflation in emerging markets
06:04 - How to curb inflation
07:27 - Why you shouldn’t worry

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The 'real danger' is in rate hikes: BofA head of global economics

Ethan Harris, Bank of America Securities head of global economics, joins a panel with Steve Liesman, Bob Pisani and Mike Santoli to discuss the newly-released Fed minutes amid concerns about a rising inflation rate. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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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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1. Introduction and Supply & Demand

MIT 14.01 Principles of Microeconomics, Fall 2018
Instructor: Prof. Jonathan Gruber
View the complete course:
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In this video, Prof. Gruber discusses the details of the course, what microeconomics is, and the concept of supply and demand.

License: Creative Commons BY-NC-SA
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We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at

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-

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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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

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Freshman Economics 1, Nature of Economics, unit 1 part 1 tutor in Amharic

በአስጠኚ አግባብ የተሠራ Introduction to Economics chapter 1 tutorial in Amharic
Other Economics Videos:

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

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

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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Economics in One Lesson by Henry Hazlitt

Economics in One Lesson by Henry Hazlitt (read by Jeff Riggenbach)

0:00:06 Preface to the New Edition (1978)
0:01:46 Preface to the First Edition (1946)
0:09:08 PART ONE: THE LESSON
0:09:12 Ch1 The Lesson
0:18:43 PART TWO: THE LESSON APPLIED
0:18:50 Ch2 The Broken Window
0:22:00 Ch3 The Blessings of Destruction
0:34:55 Ch4 Public Works Mean Taxes
0:48:19 Ch5 Taxes Discourage Production
0:52:40 Ch6 Credit Diverts Production
1:11:06 Ch7 The Curse of Machinery
1:37:27 Ch8 Spread the Work Schemes
1:50:11 Ch9 Disbanding Troops and Bureaucrats
1:56:58 Ch10 The Fetish of Full Employment
2:01:44 Ch11 Who's Protected by Tariffs
2:25:12 Ch12 The Drive for Exports
2:36:14 Ch13 Parity Prices
2:52:19 Ch14 Saving the X Industry
3:03:01 Ch15 How the Price System Works
3:17:34 Ch16 Stabilizing Commodities
3:33:46 Ch17 Government Price Fixing
3:55:07 Ch18 What Rent Control Does (1961) +
4:09:21 Ch19 Minimum Wage Laws
4:23:02 Ch20 Do Unions Really Raise Wages
4:49:43 Ch21 Enough to Buy Back the Product
5:05:25 Ch22 The Function of Profits
5:15:04 Ch23 The Mirage of Inflation
5:43:20 Ch24 The Assault on Saving
6:14:27 Ch25 The Lesson Restated
6:34:32 PART THREE: THE LESSON AFTER THIRTY YEARS
6:34:38 Ch26 The Last Chapter (1978)

Paul Krugman: Economics of Innovation, Automation, Safety Nets & UBI | Lex Fridman Podcast #67

Paul Krugman is a Nobel Prize winner in economics, professor at CUNY, and columnist at the New York Times. His academic work centers around international economics, economic geography, liquidity traps, and currency crises.

This episode is presented by Cash App. Download it & use code LexPodcast:
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OUTLINE:
0:00 - Introduction
3:44 - Utopia from an economics perspective
4:51 - Competition
6:33 - Well-informed citizen
7:52 - Disagreements in economics
9:57 - Metrics of outcomes
13:00 - Safety nets
15:54 - Invisible hand of the market
21:43 - Regulation of tech sector
22:48 - Automation
25:51 - Metric of productivity
30:35 - Interaction of the economy and politics
33:48 - Universal basic income
36:40 - Divisiveness of political discourse
42:53 - Economic theories
52:25 - Starting a system on Mars from scratch
55:11 - International trade
59:08 - Writing in a time of radicalization and Twitter mobs

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Is An Economics Degree Worth It?

????????????College Degree Course: 20% off Coupon Code: COLLEGE ????????????
➤ WEBULL ???? - Investing App - Earn 4 Free Stocks (valued at up to $1400) when you deposit $100.

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

SUBSCRIBE HERE:


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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)
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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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Why Economists Never Agree on Anything?

Sign-up for Acorns! ???? (upon registration, Acorns will deposit $5 in your account to help you get started with investing!)

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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

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)

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.

Why You Should Be Worried About China's Debt Crisis

China's debt crisis is worse than anyone thought. Here's why.
Get up to $70 in free stock ➡️

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#China #Debt #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

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