Think Like An Economist

S E52: Useful Economics in Everyday Life

Dec 7, 2021
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INSIGHT

Economics is Everyday Decision-Making

  • Economics is about how people make decisions in everyday life, not just money or government policy.
  • Understanding a few economic concepts can improve decisions across all aspects of life.
INSIGHT

Economics for Everyone

  • Everyone makes economic decisions daily, not just economists or policymakers.
  • Economics teaching should prepare people to improve their personal decisions using economic principles.
ADVICE

Take Control with Economics

  • Put yourself in the driver's seat by realizing every decision is economic.
  • Use economics tools to make the best decisions tailored for your life.
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