The Economist's Tool Kit—3 Core Concepts
Lecture no. 2 from the course: Thinking like an Economist: A Guide to Rational Decision Making
Taught by Professor Randall Bartlett | 30 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Complete your tool kit for economic thinking with three key concepts. Learn what an economist means by rational decision making; how marginal analysis is used to solve complex problems; and how you combine these first two concepts to understand optimization.