Intro to Economics: Crash Course Econ #1

  • Published on Jul 8, 2015
  • In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started!
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Comments • 4 432

  • joseph bvr
    joseph bvr 18 hours ago

    Govt decides if its worth us having to pay for a loan they take out fron federal reserve to go invade lands n kill innocent people

  • xavjaheim.
    xavjaheim. Day ago +2

    ..."That computer you bought"...
    Me: "how did he-"
    Also me: "oh"

  • Noah Kalil
    Noah Kalil 2 days ago

    don't you think it's misleading to say capitalism brought us our laptops when most of the technology was developed in publicly funded research programs

  • Gabriel Jurado
    Gabriel Jurado 2 days ago

    the u.s. spending on military is good, and more important

  • etiar31
    etiar31 4 days ago

    You guys are very fun and explain stuff pretty well. I like both of you.

  • Cycada Official
    Cycada Official 5 days ago

    Video starts at 1:45 Thank you

  • Qasim Khan
    Qasim Khan 6 days ago

    Why we feeling bore when we want understanding Economics?

  • Jakub Wojciechowski
    Jakub Wojciechowski 6 days ago

    Why does watching this feels so good?

  • Sam Doherty
    Sam Doherty 9 days ago +2

    Bruh he really just used the "capitalism made your iPhone" argument

  • Sam Doherty
    Sam Doherty 9 days ago

    Why'd you take like 5 minutes to actually get into economics

    PLATIN OFFICIAL 9 days ago

    Khali is that you?

  • Atri Sanfui
    Atri Sanfui 10 days ago

    "and woman!' loved that part :3

  • Nicoli Reynolds
    Nicoli Reynolds 10 days ago


  • Mikail Korkut
    Mikail Korkut 11 days ago

    I guess I think it is fun and smart to talk fast. Or the course is only for English native speakers or alike. How much you teach equals to how much people understand, not how much you talk

  • Economics Portal
    Economics Portal 11 days ago

    very good boss

  • J.A. Pagan
    J.A. Pagan 12 days ago

    First 2 mins suck.

  • katam vineeth
    katam vineeth 12 days ago

    Am I the only person who is feeling difficult to understand, because they were talking really fast

    • Geometry Dash Mega
      Geometry Dash Mega 11 days ago

      Well after all this is 'crash course', so take it easy. If the language is the issue (like for me), you might want to read subtitles. If that's not the case, you should watch the videos again, although this first one can be an exception, because it was a summary of the whole course and every concept will be explained later. Best regards

  • Ako si Marko
    Ako si Marko 13 days ago

    3:26 artist of the decade whoooaaaahh

  • Labinot Gjoka
    Labinot Gjoka 14 days ago

    Well the better you are in probably the better u are in economics

  • Mystery Girl
    Mystery Girl 16 days ago +1

    This. This right here. Is the only reason I’m passing.

  • Kavik Runner
    Kavik Runner 16 days ago

    1:44 seconds into it to start

  • Taylor Fernandes
    Taylor Fernandes 16 days ago

    Are there any guided notes or worksheets to go along with these crash course videos?

  • SHAZEpoopy_doggo
    SHAZEpoopy_doggo 17 days ago

    ok boomer

  • Simon
    Simon 17 days ago

    I have cry deppression

  • olivia danira
    olivia danira 18 days ago

    these vids from crash course video ARE SO HELPFUL!!! I'm grateful that this Channel existed!

  • Francis Mausley
    Francis Mausley 22 days ago

    Economic choices does have deep spiritual dynamics. "When the love of God is established, everything else will be realized. This is the true foundation of all economics." - Abdu’l-Baha, The Promulgation of Universal Peace, Baha'i Faith

  • Sergei Avetisyan
    Sergei Avetisyan 22 days ago

    ok boomer

  • Jule Stardoll
    Jule Stardoll 23 days ago

    Clifford talks too fast.

  • Marcos Perez
    Marcos Perez 26 days ago

    Anti military liberals

  • Stained white Sweater
    Stained white Sweater 26 days ago

    Conservatives are just classic liberals

  • nura bako
    nura bako 27 days ago +1

    I really liked economics but my dad want me to study engineering 😭

  • Kevin Spolarich
    Kevin Spolarich 28 days ago

    Why are you spending so much time convincing me economics isn't boring. I clicked on this video because I'm interested in economics. Why would you think I think economics is boring?

  • Josh Li
    Josh Li Month ago +1

    who's teachers making then watch this

  • Spiritual with Nikita

    Put speed at .75x thank me later!

  • Leila P.
    Leila P. Month ago

    I honestly understand the girl more. Is it just me?

  • asoyo Yukii
    asoyo Yukii Month ago +1

    what is economics?
    -"a study of Man(and woman) in the ordinary business of life.
    It enquires how he gets his income and how he uses it.
    Thus, it is on the one side, the study of wealth and on the other side and more important side, a part of the study of Man(and woman)"
    - the study of scarcity and choices.

    Opportunity cost: Whatever you give up to do something.
    Incentives: A set of external(rather than intrinsic) motivators that explain people's choices.(pervert incentives; rat tails.)

    the 2 most important assumptions in economics:
    -1.people have unlimited wants but limited resources.
    Scarcity: the tension between infinite wants and finite resources.

    -2.everything has a cost.

    and if these assumptions are true, we need a way to analyze our choices and get the most from our limited resources.=> and that's economics.

    Intro to Economics:

    -MacroEconomics: the study of production, employment, prices and policies on a nationwide scale.
    it answers questions like:
    -> will unemployment rise if there's an increase in taxes?
    -> will an increase in the money supply boost output, or just increase inflation?
    -> will a slump in European economies cause the U.S economy to slow down?

    -MicroEconomics: the study of how consumers, workers, and firms interact to generate outcomes in specific markets.
    -> how many workers should we hire to maximize profit?
    -> if our main competitor releases their product in May, when is the best time to release our product?
    -> which is better at fighting climate change, a gas tax or increasing fuel efficiency?

  • Ima
    Ima Month ago

    Thanks Reggie, very cool.

  • Le Baheeg
    Le Baheeg Month ago

    dont you dare eek again lady.

  • J J
    J J Month ago

    ok. I can watch one a day. cool.

  • Alexandra Dollard
    Alexandra Dollard Month ago

    I'm here because economics is going over my head on BEC CPA.

  • Benjamin Thomas
    Benjamin Thomas Month ago

    Giving examples of what you think should be done is not teaching economics its opinion. I am now more confused about economics. Thanks

  • __________________
    __________________ Month ago +3

    I’m a HS junior and I want to major in econ. I’m giving myself an intro with these videos.

  • Mewantsnax __
    Mewantsnax __ Month ago

    I never had to take course in money in high school or grade school in general.

  • Jasper Gomez
    Jasper Gomez Month ago

    In my senior year. I fell in love in economics class

  • j july
    j july Month ago

    Thanks for your efforts .It is great to study economics and maintain a good mood!

  • otnat2094
    otnat2094 Month ago +1

    Okay, I want to watch the series, but if they're going to spend the entire series trying to compete with the Micro Machines guy, then I don't think I can stand it.

  • mike azevedo
    mike azevedo Month ago

    Nice reverse psychology with your liberal propaganda

  • Samantha Atchley
    Samantha Atchley Month ago +1

    This girl is annoying and makes it hard to stay interested.

  • Censored One
    Censored One Month ago

    How does money get from the press to my pocket I know that Banks create money from debt why can't I make money from debt

  • KLJF
    KLJF Month ago


  • Andem
    Andem Month ago

    I'm not pro-business

  • Aras B
    Aras B 2 months ago

    Starts at 1:50

  • James Kwendo
    James Kwendo 2 months ago

    Nice could listen all day, my lec is soo boring

  • Surmount Tutorials
    Surmount Tutorials 2 months ago

    you guys are the best ever teachers ave come across

  • Artist Catapult
    Artist Catapult 2 months ago


  • Amazing Pug
    Amazing Pug 2 months ago

    I chose to watch this video because I chose to succeed in tomorrow's test

  • Economics Now
    Economics Now 2 months ago

    Yay I havemy economics exams in 5 years... coz I'm in Yr 7 lmao

  • jayabhaen
    jayabhaen 2 months ago

    Gawd theyre talking fast
    Courtesy, google:
    Eisenhower's New Look policy stressed the importance of nuclear weapons as a deterrent to military threats, and the United States built up a stockpile of nuclear weapons and nuclear delivery systems during Eisenhower's presidency.
    SO EISENHOWER SUPPORTED NOT BUILDING GUNS SO THAT THEY COULD DEVELOP NUCLEAR WEAPONS AND STOCKPILE THEM! It had nothing to do with scarcity and everything to do with national security.

  • Wooden Hope
    Wooden Hope 2 months ago

    Why do you need to constantly reasure us that economics isn't boring. If the person doesn't like it they 'll go to the next video and by that lose a profitable opportunity in life.

  • John Reese
    John Reese 2 months ago +1

    "we're not going to try to push a political agenda at you" [proceeds to salt and pepper politics in throughout the entire video]