Topic

Economics

Learning resources

Level
High School - College
Format
Book, Kindle/ebook, Website, Worksheet/Printable
Level
1st - 2nd
Format
Worksheet/Printable
Level
3rd - 5th
Format
Printable, Product
Level
Kindergarten - 2nd
Format
Printable, Product
Level
Kindergarten - 2nd
Format
Printable, Product
Level
Kindergarten - 2nd
Format
Printable, Product
Level
9th - College
Format
Online video/YouTube
Level
2nd - 5th
Format
Online resource
Level
7th - College
Format
Online video/YouTube
Level
High School
Format
Online class
Level
High School - College
Format
Online class

About Economics

Economics is the study of how people use scarce resources to satisfy their unlimited wants. It is about how people make decisions, how they use resources, and how the economy works.

There are three main ideas in economics:

  1. People are rational and they make decisions to maximize their utility.
  2. People are interdependent, and they interact with each other in markets.
  3. The market economy is efficient and it allocates resources in the best way possible.

Economics is divided into two main branches:

  1. Microeconomics: Microeconomics focuses on how people make decisions and how those decisions impact the market. It looks at issues like pricing, monopolies, and game theory.
  2. Macroeconomics: Macroeconomics looks at the big picture. It focuses on how the economy as a whole works, and it looks at issues like inflation, unemployment, and economic growth.

Learning Economics