A great way in explaining the complexity economics in a way simple way. Make it easy to understand

Love the simple forest example about macro & micro economics.

I love his teaching style and this is the first time I'm watching him,

Thank you for uploading this !

Thank yuh sO much for wounderful explain

Informative and interesting!

Thanks so much for good explantion, am kalib from Ethiopia, am economics student!

what are the essential books for first economics students?

Thank you sir....great

THANK YOU GOD BLESS YOU ALL AND YOUR LOVED ONES

I am fascinated with economics, hopefully the honeymooning doesn’t stop when I’m mid course

@michelangelope830

2 жыл бұрын

It is life or death important that humanity understand that the gold market is going to crash. Gold mining would stop destroying the planet, Russia could bankrupt and end the war in Ukraine, and fortunes would not be squandered. What can be done with the gold in reserves, that are useless inside a vault, like in the Fort Knox in America? Only to sell it. How much cost taxpayers to protect the gold? Fortunes. To sell the gold today spares to pay for the protection tomorrow. If an innocent kid received 5 sweets as pocket money every week and had 1 gram of gold protected inside a vault that could sell for 100 sweets but the protection of the mineral would cost him 1 sweet a week, when would the kid sell?

@deadbabyjokes5319

Жыл бұрын

same! do you have any book or name to recomend?

Perfect explainig from professor!

I love it ❤️❤️

Great

Thanku sir

I'm gonna use it for my essay

Where can I buy Mr Greenspan's book , " How to Sabotage the Wealth of any Country ?

@amykay2292

3 жыл бұрын

I'd wanna know too

well im 9 years old and my brother is 19 and his studying economics

@BigBaibars

2 жыл бұрын

ok

Excellent video

Tell me why I just smoked a fat doobie and went down the KZread rabbit hole and ended up watching an economics lecture 😂

Amazing, superb . 😇😇😇

Scarcity is An Issue of The Utility of Built Systems & Process Engineering

The way I see it is that the vacuum and the falling objects are predictable phenomena. The leaves falling during a windy day is not. Economics is not an exact predictable science. There are numerous incidences in history that bear testimony to this fact: The Great Depression, the financial bubbles from wall Street, etc. experts notwithstanding.

They rationalize and justify the economic power game as designed and evolved by European culture. The economic wargame is a continuation of the military wargame by other means. They ignore the depreciation of Durable Consumer Goods. How many automobiles have American consumers trashed since Sputnik? Running a planet of 7 billion people on defective algebra makes so much sense.

There are no 'classical' (true) economists of the Adam Smith mold around today. Contemporary "economists" ar all political economists, not concerned with achieving maximum outputs with minimum inputs. but only concerned with how outputs are redistributed once they are produced.

Economics also help in an industry.

Extremely super guru

and love this video

Yeet, thx m8 👍

I don't understand the quote about how economists solve problems like leaves falling in a vacuum. Can someone elaborate on this please? The quote is at about 5:25

@mechwarrior52

5 жыл бұрын

In the vacuum. There is no wind. Therefore it's really easy to predict where the leaf will fall. But outside in a windy day there are so many factors influencing the fall of the leaf which makes it hard to predict where the leaf will land. The vacuum is the theory world of economics and the windy day is the real world. That is how I interpret it.

@yicancu56

5 жыл бұрын

@@mechwarrior52 Ah makes sense. Thank you to the 4 years of UofT economics as that phrase just went right over my head.

@muhammedsbah8510

4 жыл бұрын

Thanks a lot for the lectures

@trajith

4 жыл бұрын

This shows an extra vision of economics. Think deeply and solve problems at the grassroot level

well, I’m usually not one to critique very small things but definitions are particularly important to me. I don’t necessarily have an issue with this definition of economics, but I think it uses unnecessary words. Simply calling it the scientific study of human action is a better way of doing it because all purposeful action already involves scarcity. It’s presupposed by the very fact that action even exists.

He's so funny.

Every resource is scarce

Humans Reuse Food & Fluids All The Time the Difference Has to Do woth Comparing the Velocity of the transformation of resources to and from the lifecycle of a closed loop system

estoy aqui porque me lo encargaron los del ceu

All (we) care about is food the main distribution. How did we get to the point of famine How do we get food to grow for large population

@trezhhh

20 күн бұрын

How do we organize

@trezhhh

20 күн бұрын

When I break down economics I get they eco system and money How to make money off our ecosystem & How to regulate it

Economists DO have experiments (lab, field, internet, natural, etc.)

@emmanuelameyaw6806

3 жыл бұрын

Yh... micro experiments. But he was talking about the economy...thus, macroeconomics as he used the term, 'economy'. We don't have controls experiments in macro as there are no controlled economies to perform counterfactual analysis as we do, for example, in developement and applied economics using RCTs

started well but then got off the way

its a whole lot of nothing

Funny 😂😂.

Very baddddd

This Man seems very anxious

Thank you for uploading this !

@rosetteyakoto3070

2 жыл бұрын

Economics is what economists do 👌 I like this definition. Thank you Dr Pete