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Level 1 - How economies & everyday decisions work

Build the foundation of economics: choices, markets, prices, inflation, unemployment, money, policy, and the basic systems societies use to organize production.

Beginner 10 lessons 2-4 min per lesson

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Start here Level 1

How economies & everyday decisions work

Build the foundation of economics: choices, markets, prices, inflation, unemployment, money, policy, and the basic systems societies use to organize production.

10 lessons

01 What is economics & why it matters to you 02 Scarcity, choice & opportunity cost 03 Supply & demand: the core of every market 04 How prices are set in a free market 05 What is GDP & how do we measure an economy? 06 Inflation: what it is & why it affects your wallet 07 Unemployment: types, causes & consequences 08 The role of money: barter to modern currency 09 Governments & markets: the basics of policy 10 Economic systems: capitalism, socialism & mixed economies

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