All of Economics in 20 Minutes 📈

aka 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 maybe... crypto?
covers a bit of everything but mostly microeconomics & macroeconomics.

Topics Covered:
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’