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Why is Economics Relevant?

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?"

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

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