Name: Crash Course: Economics
Uploaded: 2015
Description: In which Jacob Clifford and Adriene Hill introduce you to Crash Course Economics!

In which Jacob Clifford and Adriene Hill introduce you to Crash Course Economics!

In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started!

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Intro to Economics: Crash Course Econ #1

In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things like comparative advantage, the production possibilities frontier, and how to make pizza!

Specialization and Trade: Crash Course Economics #2

In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies.

Economic Systems and Macroeconomics: Crash Course Economics #3

In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand?

Supply and Demand: Crash Course Economics #4

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics and the major movers in the economy. Like taxes and monetary policy and inflation and policy.

Macroeconomics: Crash Course Economics #5

Why are some countries rich? Why are some countries poor? In the end, it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is more productive.

Productivity and Growth: Crash Course Economics #6

In which Adriene and Jacob teach you about how and why prices rise. Sometimes prices rise as a result of inflation, which is a pretty normal thing for economies to do. We'll talk about how across the board prices rise over time, and how economists track inflation.

Inflation and Bubbles and Tulips: Crash Course Economics #7

In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren't evil, but there is an evil lair involved. In this episode, we learn how government uses taxes and spending to influence the economy.

Fiscal Policy and Stimulus: Crash Course Economics #8

What is debt? What is a deficit? And do these things have different outcomes for individuals and nations? Adriene and Jacob answer all these questions and more on this week's Crash Course Econ.

Deficits & Debts: Crash Course Economics #9

This week on Crash Course Economics, we're talking about monetary policy. The reality of the world is that the United States (and most of the world's economies) are, to varying degrees, Keynesian.

What's all the Yellen About? Monetary Policy and the Federal Reserve: Crash Course Economics #10

So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account.

Money and Finance: Crash Course Economics #11

Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Government's response to the troubles. So, all this starts with home mortgages and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up.

How it Happened - The 2008 Financial Crisis: Crash Course Economics #12

In the world, as it exists today, continued growth is the only path to viability. While some argue for sustainability or even controlled recession, you're not going to keep a job as head of central bank thinking like that in this day and age.

Recession, Hyperinflation, and Stagflation: Crash Course Econ #13

We talk a lot about Keynesian economics on this show, pretty much because the real world currently runs on Keynesian principles. That said, there are some other economic ideas out there, and today we're going to talk about a few of them.

Economic Schools of Thought: Crash Course Economics #14

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange.

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is, in aggregate, good.

Globalization and Trade and Poverty: Crash Course Economics #16

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality.

Income and Wealth Inequality: Crash Course Economics #17

This week Jacob and Adriene teach you about marginal analysis, which you're using RIGHT NOW! The video is coming from inside the house! Or something. You'll learn how marginal analysis guides the decision-making of cities, nations, companies, and amusement park enthusiasts.

Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh: Crash Course Econ #18

Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets work to produce the stuff that consumers want, and that society needs.

Markets, Efficiency, and Price Signals: Crash Course Economics #19

So, during times of inflation or deflation, why doesn't the government just set prices? It sounds reasonable, but price ceilings or floors just don't work. Adriene and Jacob explain why. Subsidies, however, are a little different, and sometimes they even work.

Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20

This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services.

Market Failures, Taxes, and Subsidies: Crash Course Economics #21

So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants.

Environmental Econ: Crash Course Economics #22

How does education work? Where does the money come from? Who pays for it? Is going to college a good investment? Adriene and Jacob are talking today about the economics of education.

Economics of Education: Crash Course Economics #23

How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling cars, pizza, or glow sticks, this video has pretty much all the information you need to run a business.

Revenue, Profits, and Price: Crash Course Economics #24

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business.

Monopolies and Anti-Competitive Markets: Crash Course Economics #25

Would you like to play a game, Dr. Falken? Actually, this episode isn't really about games, or Matthew Broderick, or Thermonuclear War. But enough with the long references to 1983's best movie, War Games.

Game Theory and Oligopoly: Crash Course Economics #26

Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions.

Behavioral Economics: Crash Course Economics #27

How much should you get paid for your job? Well, that depends on a lot of factors. Your skillset, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand.

Labor Markets and Minimum Wage: Crash Course Economics #28

Why is health care so expensive? Once again, there are a lot of factors in play. Jacob and Adriene look at the many reasons that health care in the US is so expensive, and what exactly we get for all that money. Spoiler alert: countries that spend less and get better results are not that uncommon.

The Economics of Healthcare: Crash Course Econ #29

We need to have a talk about your future. You're going to die. We all are. And it's probably going to be expensive. This week on CC Econ, Adriene is talking about the economics of death. Some of the expense is tied to the cost of end-of-life health care, but funerals are a big business, too.

The Economics of Death: Crash Course Econ #30

We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more.

Taxes: Crash Course Economics #31

What is an underground economy? Whether you call it a black market, a grey market, or just the shop down the street, it's about connecting people with goods outside of official channels.

The Underground Economy: Crash Course Econ #32

Is Immigration Good or bad? Immigration is a touchy subject in the United States. The 2016 election has been filled with debate about the subject, and both proponents and opponents have lots of reasons for their stance.

The Economics of Immigration: Crash Course Econ #33

What is foreign aid? How much foreign aid does the United States distribute each year? Comparatively, not much. In fact, foreign aid only accounts for a small fraction of most nations' overall spending. But it's hugely important.

Foreign Aid and Remittance: Crash Course Econ #34

They say money can't buy happiness, but who are they? Can money buy happiness? The answer is: sort of. While money may not be able to buy true happiness, lack of money can cause very real misery.