This course contains 6 segments:
Scarcity
Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Opportunity cost and the Production Possibilities Curve
Learn how the production possibilities curve is used to illustrate scarcity, opportunity costs, and economic growth in this lesson.
Comparative advantage and the gains from trade
Read more
This course contains 6 segments:
Scarcity
Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Opportunity cost and the Production Possibilities Curve
Learn how the production possibilities curve is used to illustrate scarcity, opportunity costs, and economic growth in this lesson.
Comparative advantage and the gains from trade
This course contains 6 segments:
Scarcity
Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!
Opportunity cost and the Production Possibilities Curve
Learn how the production possibilities curve is used to illustrate scarcity, opportunity costs, and economic growth in this lesson.
Comparative advantage and the gains from trade
When economies specialize based on comparative advantage and trade, they can both benefit. Explore the concepts of comparative advantage, absolute advantage, specialization, and the terms of trade in this lesson.
Demand
Supply
Market equilibrium, disequilibrium, and changes in equilibrium
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