0 of 22 lectures are ready to read. The rest are listed so you can see where the subject goes; each one switches on as it is finished.
The Economic Problem0 of 3 ready
- 01Scarcity — why we can't have everythingcoming soon
- 02Opportunity cost — the true cost of every choicecoming soon
- 03Factors of production — land, labour, capital, enterprisecoming soon
The Production Possibility Frontier0 of 2 ready
- 01The PPF — what an economy can producecoming soon
- 02Economic growth — shifting the PPF outwardcoming soon
Economic Systems0 of 1 ready
- 01Market, planned, and mixed economiescoming soon
What is a Market?0 of 1 ready
- 01How markets work — buyers and sellerscoming soon
Demand (Intro)0 of 2 ready
- 01Demand — how much buyers want at each pricecoming soon
- 02What shifts demand? — the non-price factorscoming soon
Supply (Intro)0 of 2 ready
- 01Supply — how much sellers offer at each pricecoming soon
- 02What shifts supply? — costs and technologycoming soon
Market Equilibrium (Intro)0 of 2 ready
- 01Equilibrium — where supply meets demandcoming soon
- 02What happens when demand or supply shiftscoming soon
Why Money Exists0 of 1 ready
- 01Barter and its problems — why money was inventedcoming soon
Income and Spending0 of 2 ready
- 01How households earn and spend moneycoming soon
- 02The circular flow — households and firmscoming soon
Comparing Living Standards0 of 2 ready
- 01GDP — measuring a country's outputcoming soon
- 02Why GDP is not the whole storycoming soon
Why Governments Intervene0 of 2 ready
- 01Market failure — when markets get it wrongcoming soon
- 02What governments do in an economycoming soon
Taxation and Public Spending0 of 2 ready
- 01Taxes — direct and indirectcoming soon
- 02What governments spend money oncoming soon