ALL OF ECONOMICS (No BS, No Fluff) in 20 minutes

Description:

aka all the economics you need to know to understand how money works, how the economy works, why some countries are rich and other poor, and maybe... crypto? covers a bit of everything but mostly microeconomics & macroeconomics. Topics Covered: 00:00 Epic Intro 00:22 Choices 00:36 Trade 00:47 Opportunity Cost 00:58 Comparative Advantage 01:21 Market 01:41 Incentives 01:54 Supply & Demand 02:04 Equilibrium Price & Price Control 02:22 Money 02:45 Banks 02:55 Markets Again 03:08 Supply Chain 03:30 Production 03:50 Productivity 04:07 GDP (Gross Domestic Product) 05:07 GDP Per Capita 05:17 Growth 05:31 Boom, Recession & Depression 05:45 Inflation & Stagflation 06:05 Why Prices So High? 06:16 Price Discrimination 06:31 History of Money 06:52 How Much Money Should Exist? 07:07 Monetary Expansion 07:22 Hyperinflation 07:38 Central Banks 07:54 Interest Rate 08:07 Monetary Policy 08:14 Quantitative Easing 08:25 Loans = New Money 08:35 Fractional Reserve Banking 08:45 Bank Run & Deposit Insurance 08:58 Taxes 09:17 Types of Taxes 09:48 Public Goods 10:04 Budget, Deficit & Surplus 10:14 Government Bonds 10:25 National Debt 10:58 Debt Servicing & Default 11:22 International Trade 11:49 Free Trade 12:00 Globalization & Structural Adjustment 12:15 Protectionism: Tariffs, Quotas, Subsidies, Embargoes 12:30 Currency 12:40 FOREX & Exchange Rate 12:50 Floating vs Fixed Currency 13:09 Currency Depreciation & Appreciation 13:19 Currency Manipulation 13:29 Currency Crisis 13:42 Global Supply Chain 13:58 Supply Shock 14:13 Labor Economics 14:23 Wages 14:36 Marginal Revenue Product 14:48 Unemployment 15:00 Minimum Wage 15:11 Wage Gap 15:40 Finance 16:00 Stocks & Efficient Market Hypothesis 16:11 Bonds, Derivatives Crypto 16:38 Investing, Assets & Risk Return Trade-off 16:55 Development Economics 17:29 Poverty Trap 17:37 Foreign Aid, Micro Loans & Other Solutions 17:52 Behavioral Economics 18:05 Cognitive Biases in Economics 18:28 Nudges 18:41 Economic Systems: Capitalism, Socialism, Communism 19:03 Mixed Economy 19:40 All of Economics Recapped 20:07 Donate via ‘Likes & Comments’