CrashCourse - 2015-07-08
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! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
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.
i love you
Thankssss
@Someone Else wait what teacher
thank you dude!
thanks! i’m studying this at home and like to write notes, this is helpful so i don’t have to keep pausing! :)
Let's be honest lots of us are here watching this video only bc our teachers are forcing us to watch this video bc of corona. Also why are these comments so dry😑
I'm here for school too hah
im here bc school doesnt teach me about money so i will learn about money in internet
Riley lmao yess my economics teacher just assigned this to us😂😂
Same
I'm 26 with a chemical engineering degree, and I'm just trying to round out my knowledge base. I just finished all the world history videos!
I swear this channel is a gift to mankind
David Carlson soy boy spotted
Karan Garg clearly isn’t
Drone Better
@David Carlson ok Justin
A blessing of the Gods
Coronavirus hits and I would like to repeat “those air craft carriers could be hospitals and roads.”
Same here
when your GCSEs get cancelled, so you have 5 months to do whatever tf you want, but you're taking econ for A Level without doing it at GCSE, so you decide to get ahead bc you have nothing better to do.. ;)
uno what same
on ur side hehe
Fr
Taking economics this year, PREPARING EARLY
Saame
Same😂
same hope it's not necessary to take Micro before Macro lol
Speaking from experience, I can tell you that's a good idea.
I am thinking about taking AP Econ, should I?
..."That computer you bought"...
Me: "how did he-"
Also me: "oh"
Hahaa! that's good though!
This guy speaks so fast that I gotta play back everything 😂
why don't you put on subtitles dummy
And just go to setting if you so dumb
@Ireanna Straw nobody asked you to suggest 😒
They’re both on speed
irritating at times
when you lose an argument so hard you search youtube to learn economics.
Yo. Everyone remember this saying "If you don't have anything nice to say then don't say anything at all." We really need to learn to stop hatin and start LOVING!
Omg yess
😂😂😂
yes yes hahaha
Sounds about right hahaha. Taking the F
what is economics?
-"a study of Man(and woman) in the ordinary business of life.
It enquires how he gets his income and how he uses it.
Thus, it is on the one side, the study of wealth and on the other side and more important side, a part of the study of Man(and woman)"
- the study of scarcity and choices.
Opportunity cost: Whatever you give up to do something.
Incentives: A set of external(rather than intrinsic) motivators that explain people's choices.(pervert incentives; rat tails.)
the 2 most important assumptions in economics:
-1.people have unlimited wants but limited resources.
Scarcity: the tension between infinite wants and finite resources.
-2.everything has a cost.
and if these assumptions are true, we need a way to analyze our choices and get the most from our limited resources.=> and that's economics.
Intro to Economics:
-MacroEconomics: the study of production, employment, prices and policies on a nationwide scale.
it answers questions like:
-> will unemployment rise if there's an increase in taxes?
-> will an increase in the money supply boost output, or just increase inflation?
-> will a slump in European economies cause the U.S economy to slow down?
-MicroEconomics: the study of how consumers, workers, and firms interact to generate outcomes in specific markets.
-> how many workers should we hire to maximize profit?
-> if our main competitor releases their product in May, when is the best time to release our product?
-> which is better at fighting climate change, a gas tax or increasing fuel efficiency?
thank u this really helped me!
mankind means men and women.
Man kind = 2×1=1 mankind, 1= man 1= man with the womb = women. so 2 = 1 = mankind.
Capeesh 🤗🤗🤗🤗👫
Thanks for clearing that. Some queers and fatherless girls do not like the word man kind.
They gotta be politically correct and feminist 😂😂😂
@Aidan W thats sound kinda dumb though
@Uncle Jimmy oh trust me I'm just making fun of Justin Trudeau
Oh my god the over acting makes this hard to watch
Woman: enjoying her time
Man: I am speeddddd
who's teachers making then watch this
Josh Li and taking notes 😂
who else takes notes while watching?
That's cool that you do that!
Me😋
Beh
Personally, I don't find anything really wrong with this video. It provided a quality and informative description regarding the background nature of economics and what is generally expected to be tackled on in this course which I believe is the main purpose on why this video was made after all.
"Who's gonna walk to the gym?"
This is your brain on America.
Our hunter ancestors would not approve.
"... Everything has a cost..."
Audible note taking
after watching for 4 minute, i still don't understand what is the economic.
I was just about to post a comment similar to this. They're so busy trying to convince me why learning economics is important and fun when they should instead be demonstrating this through their teaching.
Boreneo man econ- study of how pple make choices.....is more about human behavior.... more than anything ...
Same bro
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 :)
I passed my macroeconomics class, but this video taught me more lol
The video starts at 1:52 you're welcome
When saw this when you already got there
God Bless
You the 🐐
🙏🏽
The video starts at 0:00 you're welcome
Well imma say it, i didn't like the eek....specially twice.
They talked as if the earth would stop spinning if they didn't.
WOW! Cool. But, you guys should learn to talk much slower...!
I actually thought it was speeded up!
@M Robson just slow down your video in the settings
slowing down to 0.85x really helped.
Dude they have like 20 mims to tell you this info. Alll of crash courses are fast and for a reason.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." - Nobel Laureate F. Hayek.
Okay so this was made 5 years ago, and I'm wondering if the information is still relevant for me? Sorry if that's a stupid question I'm still learning and stuff
i'll be attending my first economics class in 4 days, i need some prep lmao
he said "and that traffic ticket you got the other day"
Me: .........but im a kid
I wish now I would have taken economics seriously when I was In high School Way back 2011
is it weird that i'm watching this for fun instead of studying? D:
I watch crash course to decide which classes I want to take based on how easy or hard they are and how to pair classes. i also take accelerated courses so there isnt much time to learn.
im doing it too dog lmao
I'm doing the same thing
I'm watching because 1. I love to learn
2. I've been thinking of buying some stock, but want to figure out which stock to buy, by analyzing trends and such, so I figured learning economics would help.
3. I watch Lisa Haven on youtube for political news, and she often talks about the economy and I get completely lost, and would like to understand her!
(Please check out Lisa Haven! Youtube has blacklisted her, meaning they no longer put her videos in anyones recommended section, so the only way to find her is to directly go to her page or directly search for her name. Just search "Lisa Haven" and choose the youtube with more subscribers. She has a backup channel that has less subscribers and less videos so make sure to choose the one with more subs.)
Same here. I'm in Yr 7 so idk.
She looks like a prettier version of Susan Wojcicki.
Large breasts
I was pushed through school.
Now I occasionally make comments on YouTube.
Thanks America.
6:34 I’ll save this for my wallpaper
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!
i... am literally graduating with an economics degree in two months and im here to revise LOL
when you came here to study
sees meme
me
this.. does bring a smile to my face
I’m glad my teacher made me discover this channel
nothing about these skits is ever funny
if you want educational videos AND comedy go watch sam o'nella academy
Or, after youve finished with sams dull videos, please feel free to come back.
@Sean McDonald Sam'O'Nella is actually a really entertaining youtuber
Hahaha
I loved economics as a subject back in high school. It’s so interesting, I loved this video
Playing this at X.75 and the dude is still often talking too fast for my brain to comprehend it all
"we're not pushing some liberal anti-military policy here." love it already ahahahah
"Economics is the study of people and choices." That's it! But it's also all the rest you are listing. :-)
I don't care that I'm 27. I wanted the muppets to teach me O_O
same
"it's not easy being green." -a great man, err puppet
Same!!!
Glad I'm not the only old timer checking these videos out! Never too old to learn though.
Hahaha
Taking economics this year! And the next. And the next year after that. As well as the year after that.
I'm majoring in economics
10:23 I really dig the Milton Waddams toon, nice touch.
I fast forwarded to 2 min when he started saying “whats is economics?” I already wanted to shoot myself..
"micro-economics" is inherently opposed to "macro-economics" if what I've learned from "the tragedy of the commons" holds true.
Entrepreneurship and establishing a business should have its own crash course series.
mosquitobight it's why I'm watching this video to better understand entrepreneurship and the economic concepts behind it.
mosquitobight look for valuetainment my friend and you will have it. 💪
@Hubert Sumulong kaw xf vyakti yyg
Lkaww th cc S3
Man bhi
Entrepreneurship is a consequence of a certain personality. Is not something you can teach.
I toataly agree
Sweet "T" - 2015-07-09
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.
BigBad Braxien - 2017-08-16
Sweet "T" sunscreen is unhealthy
Ahlam Taha - 2019-01-15
loooool
DjeieA KeksekI - 2019-02-04
Sweet "T" lolllllllll
Col - 2020-02-26
By saying that i hope you actually get it.
Erica Tillman - 2020-04-03
lmao