Intro to Economics: Crash Course Econ #1

when you gotta watch crash course again because all your classes are online and nothing makes sense

I’m 38. I never graduated high school. Got into a a relationship at a young age. Had 4 kids with him. Fast forward. He was abusive but he got still got the kids because he lied in court. Fast forward. Finally stopped feeling sorry for myself, got over my depression, got saved, fast forward I’m 2 classes away from finishing my high school diploma and going to college next. Economics is one of the 2 classes left. I can’t believe I never took this class. It’s literally changing my life for the better.♥️ God Bless.

ECONOMICS is the study of people and choices.


OPPORTUNITY COST is whatever you give up to do something.
SCARCITY is the tension between infinite wants and finite resources.
INCENTIVES is a set of external (rather than intrinsic) motivators that explain people's choices.
MACROECONOMICS is the study of production, employment, prices, and policies on a nationwide scale.
MICROECONOMICS is the study of how consumers, workers, and firms interact to generate outcomes in specific markets.

im not in an economics course, im just here out of curiosity. its such an important part of society that i want to know how it works. anyways to everyone doing this for a class good luck :)

My entire life, I didn't smoke, I always applied sunscreen before going outside, I was conscious of what I ate, and I exercised regularly. Now none of that matters because the comments gave me cancer.

I swear this channel is a gift to mankind

Taking economics this year, PREPARING EARLY

5 years later and I've rewatched this entire series multiple times and am still delighted by how well these two get along and work together.

Entrepreneurship and establishing a business should have its own crash course series.

I'm looking forward to ignoring the comment section almost as much as I'm looking forward to watching this series.

Love the entire series as well as the individual videos Clifford does. He not only made it possible to pass Economics in college, but I use these videos to help reinforce the material for my own students. That way they have them for when they get home, and may become confused about a concept.

Coronavirus hits and I would like to repeat “those air craft carriers could be hospitals and roads.”

The video starts at 1:52 you're welcome

is it weird that i'm watching this for fun instead of studying? D:

..."That computer you bought"...
Me: "how did he-"
Also me: "oh"

Revisiting this after years, recently finished my exams (textbook stuff) and just realised how good this is! This is so refreshing! I love the out of box and real life application stuff!

Jacob and Adrienne, please ignore all these hateful comments. I literally did not feel one negative feeling towards anything in this video. I seriously can not understand what is so bad about this video. It covered everything my Economics teacher did, but it didn't take 45 minutes, so I don't get why people are complaining that you aren't teaching anything yet. I needed this broad context, because I finally know why I need to study Economics: mainly to understand that life is satisfying my unlimited wants with limited resources, how to consider the costs of everything, and understanding how we need governments to keep incentives straight and also provide additional ones.

Over the next 40 weeks? I have 32 hours to learn everything for my Econ midterm.

This crash course made economics sooo approachable for me, eased me into the stock market and literary changed my life. This fact this knowledge is free is a godsend. I HAVE to donate to this channel.

I loved economics as a subject back in high school. It’s so interesting, I loved this video