Economics in Action

What you’ll learn

• Think like an economist: opportunity cost, trade-offs and decisions at the margin
• Use supply and demand to explain why prices rise and fall
• See what price limits, taxes and tariffs do to a market, and who really pays
• Spot market failures, from pollution to hidden information, and how each one gets fixed
• Read the big numbers: GDP, unemployment, inflation and the national debt
• Follow interest rates from the Fed to your mortgage, and how they move bonds, stocks and real estate