In this short introduction to the discipline of economics, Dr. Pete Schuhmann presents a basic overview of the fundamental issues of interest to economists and how they study those issues. He defines economics as the study of how people deal with scarcity and distribute scarce resources. He highlights the two broad branches of economics, macro and micro, and explains that macroeconomics focuses on the study of the entire economy at the national and international scales, while microeconomics looks at individual and firm-level decision-making and dynamics. He notes that economists use key concepts like opportunity cost to understand trade-offs and decision-making, and that questions of interest for economists arise by thinking at the margin.
More information on the Immersion Program and other lectures can be found here:
1 view
0
0
3 months ago 00:01:27 1
Introducing Google Vids
3 months ago 00:08:47 1
The BRITISH Military and NATO Military Specialists Were Wiped Out In ODESSA and KYIV
3 months ago 00:01:14 1
Badgers : animated music video : MrWeebl
3 months ago 00:00:19 1
Поставили новые колеса на авто Прикол! We put new wheels on the car Fun! #shorts #car #авто #humor
3 months ago 00:03:11 1
The Kiffness x Alugalug Cat 2.0 - Please Go Away (Flamenco Edit) ft. Spaul
3 months ago 00:00:59 2
A 24-Hour Pharmacy In Santa Marta, Colombia.
3 months ago 00:15:59 1
Witnessing a Ferocious Eagle Destroying a Baby Leopard, What Will the Mother Leopard Do Next?
3 months ago 00:03:09 1
HAPPY DAY IN HELL🔥// [OPEN] STORYBOARDED AU MAP CALL
3 months ago 00:26:37 1
🔥Full version🔥 Behind the scenes of HIDARI: The Stop-motion Samurai Film