Check out FEE's newest Out of Frame video, "American Cop Shows Are Brainwashing You": https://youtu.be/V-RKVsqGY9U
Economics is the study of human behavior, whenever people make choices. It can be about money and business, but it's also about so much more!
To help you make sense of this complex subject, our host Kevin Lieber (VSauce2) and his friends Fiona & Professor Fergberg outline 6 fundamental concepts: Individual Action, Scarcity, Choice, Trade-offs, Subjective Value, and Incentives.
Once you learn about these core ideas, understanding how economies function and why they sometimes don't gets a lot easier.
Broken window fallacy
Thinking at the margin
The power of incentives
Unintended consequences (family-friendly policies)
Unintended consequences (bottled water)
Unintended consequences (traffic)
Economic facts and fallacies
FEE focuses on introducing freedom as a life philosophy to newcomers in the youth audience, striving to bring about a world in which the economic, ethical, and legal principles of a free society are familiar and credible to the rising generation.