Economics

Course summary

We live in curious times. The housing bubble burst, the rise of China, the loss of blue-collar jobs, and the rise of inequality. Health is a very big deal. Tax, government spending, climate change, trade and globalization are key issues. It's a complicated story. Instead of saying, ah, it's a complicated world, I don't get it, say, all right, let me try to figure this out. Let me make sense of this. Economics explains what happens in the world around you. What you are going to learn is how to think like an economist. Economics is about people. It's not about money. And it ends up being about what people, firms, and Governments do. Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives from the decisions we make as individuals or families to the structures created by governments and firms. An economic way of thinking can help you make better choices with finite resources.