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Apr 4, 2024 · Economics is a social science that focuses on the production, distribution, and consumption of goods and services. The study of economics is primarily concerned with...
Current economics. 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.
Below, we’ve provided links to short articles that illustrate what economics is and how it connects to our everyday lives. Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making.
By studying both microeconomics (the behavior of consumers and companies) and macroeconomics (large-scale economic factors, such as national production, employment, inflation and interest rates), you’ll learn to think like an economist and understand how a modern market economy functions.
Google Classroom. About. Transcript. 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. Created by Sal Khan.
WHAT IS ECONOMICS? Economics is the study of how we make choices in the face of scarcity and how those choices motivate behavior. THE FIELD OF ECONOMICS. As individuals, families, and nations, we confront difficult choices about how to use limited resources to meet our needs and wants.
What Is Economics? Paul Krugman. Lesson time 09:31 min. Paul believes that at its heart, economics is about people—how they earn a living and how they spend their income. Students give MasterClass an average rating of 4.7 out of 5 stars.
