Through my educational videos, I will seek to answer the following questions: How can economics be made more accessible to younger audiences? How can the learning of economics influence the way you see the world? What are the basic principles of economics and how do they apply to everyday life?
In this episode, I will be discussing the market failures of monopolies and unfair distribution of income.
In this episode, I will be discussing the market failures of public goods and externalities.
In this episode, I will be discussing elasticity of demand and how it relates to real-world consumers.
In this episode, I will be discussing supply, its relationships, and what causes supply to shift.
In this episode, I will be discussing demand, its relationships, and what causes it to shift.
In this episode, I will be discussing absolute advantage, comparative advantage, specialization, and trade.
In this first episode, I will be going over scarcity, consumer choices, key economic assumptions, marginal cost-benefit analysis, diminishing marginal utility, and opportunity cost.