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Ten Big Ideas in Economics: Foundations and Principles

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Three Key Economic Ideas

  • Guided course
    Marginal Analysis
    09:36
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    People Are Rational
    02:02
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    Economic Incentives
    01:40

Positive and Normative Statements

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    Identifying Statements
    02:48
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    Positive Statements vs. Normative Statements
    04:35

Introduction to Economics

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    Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
    04:30
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    Definition of Economics: Micro vs. Macro
    02:04
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    Economic Systems
    01:42

Labor Force and Unemployment

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    Problems with Measuring Unemployment
    04:35
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    Labor Force and Unemployment
    05:58

Inflation and Consumer Price Index (CPI)

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    Calculating CPI and Inflation Rate
    08:35
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    Consumer Price Index (CPI)
    04:40
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    Inflation
    03:34

Long-Run Economic Growth

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    Economic Growth
    02:07