Type: Core Videos

Economists believe in optimization, but what does this mean for everyday decision making? How do you make decisions such as how long to study for, whether to spend an extra 30 minutes watching TV, is college worth it, and the list goes on and on. Well, since economics is all about choices, thinking like an…

You may have heard that economics is the study of choices and how those choices affect others. This study spans from which groundwater clean-up policy the White House should enact, how Walmart should price their goods, to how you decide to get to school, and everything in between. Economists believe that people do the best…