Intro to Economics/ Economics course #1 by thepsychguide

economics · @thepsychguide · Sep 17 '17 (edited)

$15.16

Intro to Economics/ Economics course #1

<html>
<center>https://imgur.com/ZxAWGJG.jpg</center>
<p><center> Hello there and thank you for tuning in today. This is the intro to a series about economics. &nbsp;So kick back, grab your cup of coffee and <em><strong>relax</strong></em> </center>
</p>
<p><center> <strong>So what is Economics?!</strong> </center></p>
<p><center><div class="pull-right">https://upload.wikimedia.org/wikipedia/commons/thumb/8/82/Alfred_Marshall.jpg/170px-Alfred_Marshall.jpg</div>Well at its core Economics is just the study of people and choices. It is a company deciding when to release its new product or a student choosing what career to go with. It is also not the study of money or how to get rich. Those are just things that understanding economics can help with. Even the famous economist <strong>Alfred Marshall</strong> once described economics as</p>
<blockquote>&nbsp;A study of man in the ordinary business of life. It inquires how he gets his income and how he uses it. Thus, it is on the one side the study of wealth and on the other more important side a study of man.<br>
&nbsp;</blockquote>
<br>
<p><center><strong>Why should you care?!</strong></center>
</p>
<p><center> To put it simply understanding economics can change the way you view and interact with the world. Over this series you will learn important concepts that help you understand issues around you and how to solve them hopefully making the world a better place. Plus, you are already using economics all the time. When you clicked on this post, you made a choice that benefits of reading this piece of writing outweighs the cost. Yes this is a free post and you didn't have to pay anything but the cost of reading this post is the other things you could be doing and this my dear reader is the opportunity cost.</center>
</p>
<p><center><div class="pull-right">https://upload.wikimedia.org/wikipedia/commons/thumb/1/1f/Head_On_Collision.jpg/300px-Head_On_Collision.jpg</div> Everything has a cost. Take this example, each year hundreds of thousands of people die in car and plane accidents. <strong>However,Does this mean that we have to close down airports and ban cars?!</strong></center> <center> <strong>Of course, not.</strong> </center> <center> That would be too much of a cost. We all know that driving comes with a risk but we do it anyway that is because the cost of walking everywhere doesn't outweigh the small chance of being in an accident. What this means is that we can't have everything so we make decisions after weighing the costs of our choices </center>
</p>
<p><img src="https://steemitimages.com/DQmegBvMTpBDPT4bZSgx8ASeL9KZHnKPjSpjKuLjVhuBmdw/11.png" width="800" height="480"/></p>
<p><center> I hope you enjoyed this little intro of the series. One last thing before you go, if you're intrested in getting notified when other parts in this series comes out comment <strong>#notify</strong> down below. </center> <center> <strong>Have a Great Day and steem ON</strong> </center></p>
</html>

👍 minnowbooster, etcmike, minnowsupport, drotto, resheep, deadsparrow, thatguymatt, steemprentice, shawnfishbit, stephen.king989, raymondspeaks, allyouneedtoknow, gamerveda, encontactove, thepsychguide, gindor, quincho, jhermanbeans, vipnata, pomperipossa, petpeeves, n1kofi, coolan10, marxrab, pusteblume, banjo, edrivegom, ch00fy, cryptohustler, professorbromide, bluchr, tinashe, beng05, taica, myday, endaksi1, whatamidoing, decibel, asmaasema, libertylol, numpypython, qwasert, markfitzgerald, timbalabuch, jhagi.bhai, nesbitt, valth, sixexgames, humoalex, doctagre, dorth

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@minnowbooster · Sep 16 '17

@minnowbooster upvoted this post!

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@encontactove · Sep 16 '17

Excellent post @thepsychguide

👍 thepsychguide

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@thepsychguide · Sep 16 '17

thanks

👍 banjo

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@asmaasema · Sep 16 '17

WOOW.. wonderful, this is so useful and informative post.. 
Keep up sharing things like that :)
Waiting for the second course..
I have the pleasure to follow you :)

👍 thepsychguide

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@thepsychguide · Sep 16 '17

thank you glad you liked it

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@minnowsupport · Sep 16 '17

<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by thepsychguide from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>

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@drotto · Sep 16 '17

<p>This post has received a 3.13 % upvote from @drotto thanks to: @banjo.</p>

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@petpeeves · Sep 18 '17

Lol, maybe not close down airports or cars .. but there may be different economic ways to structure the services.  I just saw this case study posted on steemit about car ownership versus car sharing.

https://steemit.com/neweconomy/@thehutchreport/economic-case-study-car-sharing-versus-car-ownership

👍 thepsychguide, petpeeves

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@steemitboard · Sep 24 '17

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