Chapter 2: Part 1
Thinking Like an Economist
Learn how economists use models to understand the world.
- Economic models and why we simplify
- The circular-flow diagram
- Microeconomics vs. macroeconomics
- Positive vs. normative statements
By the End of This (LONG) Chapter
You will be able to explain how households and firms interact and tell the difference between micro and macro questions.Master Economics In 15 Minutes
Review of Chapters 1 & 2: Learn the foundations of Microeconomics and Macroeconomics before diving into the complex worlds of Econometrics, Game Theory, and Behavioral Economics.
You will learn how supply and demand curves actually function, why central banks manipulate interest rates, and how mathematical models predict human behavior. By the end of this video, you will have a conceptual framework that rivals most undergraduate seniors.
Think Like An Economist | Principles of Economics
Learn, review and refresh.
Economics of Luckin Coffee
Quick Economics of Luckin Coffee vs. Starbucks
Understanding Charts
