Ten Principles of Economics - Part 1: Scarcity and Resource Allocation

Offered By: NPTEL-NOC IITM via YouTube

Course Description

Overview

Save Big on Coursera Plus. 7,000+ courses at $160 off. Limited Time Only!

Explore the fundamental concepts of economics in this 30-minute lecture, focusing on scarcity and resource allocation. Delve into the first two principles of economics: the trade-off between efficiency and equity, and the concept of opportunity cost. Gain insights into the scope of economics and learn how to apply these principles through practical examples.

Syllabus

Introduction
Scarcity
Face Tradeoffs
Efficiency and Equality
Opportunity Cost
Examples of Opportunity Cost

Taught by

NPTEL-NOC IITM

Related Courses

Economic Issues, Food & You
University of Florida via Coursera Microeconomics: The Power of Markets
University of Pennsylvania via Coursera Environmental Challenges: Scarcity and Conflict in the Natural Environment
University of Leeds via FutureLearn Basics of Macro Economics
CEC via Swayam Creating Powerful Sales Proposals
LinkedIn Learning