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Learn all about the fields of economics, microeconomics, macroeconomics, finance, and capital markets with hundreds of videos, articles, and practice exercises. Content in this domain covers courses from high school to college and beyond.
Microeconomics is all about how individual actors make decisions. Learn how supply and demand determine prices, how companies think about competition, and more! We hit the traditional topics from a college-level microeconomics course.
Unit 1: Basic economics concepts. Introduction to macroeconomics Opportunity cost and the Production Possibilities Curve Comparative advantage and the gains from trade. Demand Supply Markets. Unit 2: Economic indicators and the business cycle. Gross Domestic Product Limitations of GDP Unemployment.
In this video, we introduce the field of economics using quotes from the person that many consider to be the "father" of economics: Adam Smith. Topics include the definition of economics, microeconomics, and macroeconomics as a field and the role of assumptions in economic decisionmaking.
Fundamental concepts like scarcity, opportunity cost, and supply and demand form the basis for the study of macroeconomics. How can individuals and nations engage in mutually advantageous trade?
Learn how different types of economies make decisions about what to produce and how to distribute resources. We'll introduce key concepts like opportunity costs, trade-offs, and production possibilities.
Fundamental concepts like scarcity, opportunity cost, and supply and demand form the basis for the study of macroeconomics. How can individuals and nations engage in mutually advantageous trade?
Explore the basics of deflation, including the definition of deflation, how the CPI changes when there is deflation, and why economists tend to be concerned when deflation occurs. Created by Sal Khan. Questions. Tips & Thanks.
Producer surplus. Producer surplus is the difference between the price a producer gets and its marginal cost. Explore the concepts of supply and demand, opportunity cost, and producer surplus in the context of a berry farm, learning how changes in quantity produced affects the price needed to incentivize producers, and how producers benefit ...
Aug 7, 2017 · Start practicing—and saving your progress—now: https://www.khanacademy.org/economics... Introduction to scarcity as the notion underpinning the study of economics. View more lessons...
