Scarcity, Choice, Opportunity Cost, Utility and The Basic Economic Problem | IB Microeconomics

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* ! The World is Our Classroom!
What is scarcity? What is choice? What is opportunity cost? What is utility? Find out!

IB Economics Foundations Unit: Scarcity, Choice, Opportunity Cost, Utility & Econ Problem
This is video 2 of 14 videos in "The Foundations of IB Economics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEIqIpDdEo2_gupbWWHpYwT

The purpose of this series is to provide students with a quick explanation of the foundational concepts of IB Economics.

As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world.

Check out all of the Microeconomic playlists…

Foundations of IB Economics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEIqIpDdEo2_gupbWWHpYwT

Demand, Supply, and Market Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFukl4NeEdAPsnHHpFAp1tw

Elasticities Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGBGH8sv12oqc2MSHxMZ67k

Government Intervention Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkE0MIA7yX313XgzwLNg_3O9

Market Failure Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG4yOY4nSifBXqLi-M3md1U

All Microeconomic Videos: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGENVY_u6FAJVSrqVV35E5G

Enjoy!

Brad .

Видео Scarcity, Choice, Opportunity Cost, Utility and The Basic Economic Problem | IB Microeconomics канала Brad Cartwright