(Old Version) Macro Unit 1 Summary- Basic Economic Concepts

In this video I cover the basics: scarcity (3:17), opportunity cost, the production possibilities curve (9:57), comparative advantage (15:15) and demand and supply (29:22). I also show you the quick and dirty (22:52). Don't worry, it's school appropriate. Thanks for watching and please subscribe.

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Me: *watches at double speed 3 hours before the exam*

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