The Entire Economics Degree in 20 Minutes

AKA The fastest economics degree you'll ever get AKA The entire economics curriculum in one video AKA Everything you'll learn in an economics degree—in 20 minutes AKA Everything Valuable From an Economics Degree: from ECON 101 to ECON 401, from microeconomics, macroeconomics, behavioral economics, finance, development economics, economic systems to bla bla bla economics. Basically, 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 why you're broke. Here's the chapters: 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’