Introduction to economics
9:59
Khan AcademySal Khan
Introduction to economics
In this video, we introduce the field of economics using quotes from the person that many consider to be the "father" of economics: Adam Smith. Topics include the definition of economics, microeconomics, and macroeconomics as a field and the role of assumptions in economic decisionmaking.
Jun 29, 2012
MIT Department of Economics MIT Economics Faculty
The expected value of every $1 spent on the lottery in the U.S.? About $0.50. 💰 And yet millions of people play. Why do we keep buying tickets when the math doesn’t add up? 🎟️ An @mit economist breaks down two theories behind the lottery’s enduring appeal. Keep learning on MIT Learn: learn.mit.edu #Economics #BehavioralEconomics #DecisionMaking #LearnOnTikTok #STEMTok #FYP
1:20
The expected value of every $1 spent on the lottery in the U.S.? About $0.50. 💰 And yet millions of people play. Why do we keep buying tickets when the math doesn’t add up? 🎟️ An @mit economist breaks down two theories behind the lottery’s enduring appeal. Keep learning on MIT Learn: learn.mit.edu #Economics #BehavioralEconomics #DecisionMaking #LearnOnTikTok #STEMTok #FYP
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