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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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Economics on your tips Macroeconomics


Economics on your tips Microeconomics


Official series of playlists
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Micro economics complete course –


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SCORE 100/100 avoid these mistakes in Economics Board Exam

Avoid doing these mistakes in Economics CBSE Board exam. Students who want to score a perfect100 should write I will score #perfect100
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Our books are now available on Amazon


Economics on your tips Macroeconomics


Economics on your tips Microeconomics


Official series of playlists
UG courses ( bcom, bba, bca, ba, honours) –


Micro economics complete course –


Macro economics complete course-


Statistics complete course-


National income –


revision series -

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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.
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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):
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Economics PhD students predict the next big thing

I was given the opportunity to interview top PhD students in economics, so naturally I asked them: what's coming next?

If you'd like to read the papers the PhDs talk about in this video you can see them all (and associated posters) at

Thanks to the European Central Bank for giving me the opportunity to make this video! I encourage you to learn more about them and exactly what they do on their website and on their twitter (which is run by lovely people!) I'm still in Sintra as of posting this and filming a vlog which I think is going to be great, mostly because it's absolutely gorgeous here and there are some super interesting people to ask questions. I know a lot of you asked a lot of questions on twitter and in the comments, and I'm going to do my best to address as many as I can!

Obviously this video is at a simple level because it's an introduction and also because I wanted to give more time to the individual students than to detailed discussions of modern economics. There are plenty of other places to find that on the internet made by actually competent economists/journalists. For my part I will be pressing a bit deeper and asking more questions in my vlog next week - so stay tuned!

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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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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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Track: Watching You Breathe

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class 12 board exam
CBSE board exam 2018-19

• Follow gaurav sir on instagram - @gauravjain3497

Our books are now available on Amazon


Economics on your tips Macroeconomics


Economics on your tips Microeconomics


Official series of playlists
UG courses ( bcom, bba, bca, ba, honours) –


Micro economics complete course –


Macro economics complete course-


Statistics complete course-


National income –


revision series -

Our other channels
Accounts adda -

mind your own business -

In order to promote us and help us grow
Paytm on – 7690041256

#revision
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#boards

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.

The Economics of Sex

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The Research:

This Research Animate pulls together some of the key sexual economics arguments made by social scientists, including Roy Baumeister, Kathleen Vohs, Timothy Reichert, Mark Regnerus, and George Akerlof.

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Macroeconomics- Everything You Need to Know

In this video I quickly cover all the concepts and graph that you will see in an AP macroeconomics or college-level introductory macroeconomics course. Dn't take notes. Just get the big picture.

*Note* At 25:48, the signs are reversed.

I talk about scarcity, opportunity cost, the PPC, comparative advantage, supply and demand, GDP, unemployment, inflation, aggregate demand and supply, LRAS, Phillips Curve, economic growth, fiscal policy, money, banking, monetary policy, the Money Market, loanable funds, the balance of payments, and exchange rates. Wow! That's a lot of stuff. Good luck on your test!

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Macroeconomics: Crash Course Economics #5

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment

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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