Скачать или смотреть ECO101: Introduction to Economic Thinking [Lecture 1]

Economics - Chapter 1: Introduction to Economic Thinking

In this foundational lecture, we introduce the core principles and defining concepts of the social science of economics.

This presentation provides a comprehensive introduction to Economics, structured around the seminal works of Parkin and Mankiw. Chapter 1 establishes the critical framework for understanding economic decision-making across individual, business, governmental, and societal levels.

Lecture Overview :

This session systematically explores the fundamental tenets of economics, beginning with the historical origin of the term "economy". Key topics covered include:

The Problem of Scarcity: A detailed explanation of scarcity as the central issue in economics—the inability to obtain everything one wants due to limited resources.

Incentives and Choices: An analysis of incentives (rewards or penalties) and how they influence and reconcile choices in the market, with a focus on prices as a primary incentive mechanism.

The Two Dimensions of Economics: A clear distinction between Microeconomics (the study of individual units, consumers, and single markets) and Macroeconomics (the study of the entire economy, focusing on national or global issues like growth and inflation).

Positive vs. Normative Statements: An essential distinction between positive statements (what is) and normative statements (what ought to be or what is fair/right), highlighting that the latter is based on values and ethics.

Timestamps
0:00 – Introduction to Economics
0:45 – Scarcity
1:05 – Economics
1:20 – The Real Cost of Choice
2:37 – Thinking on the Margin
3:40 – Self vs Social Good
5:15 – Fact vs Opinion

This video was made by Google Notebook LM and other resources for educational purposes only.

#economics #introductiontoeconomics #microeconomics #macroeconomics #scarcitymindset #ParkinMankiw #AcademicLecture #economictheory