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Why is Economics Relevant?

December 15, 2011, 12:00 AM
Occupy_wallst

Sure, economics is about making money. But it's really about human behavior in general.

In his lecture entitled "Do Not Pass Go, Do Not Collect $200: Monopolies as an Introduction to Economics," part of Floating University's Great Big Ideas course, University of Chicago professor Saul Levmore looks at the origins and tools of economics, using examples like "Why do we download from iTunes?" "Why does a house costs more than a cookie?" and "Why would a King behead his subjects for saving coins?"

Watch the video here:

One of the puzzles Levmore examines in his lecture is the housing bubble.

Watch the video here:

 

 

Why is Economics Relevant?

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