Economics: A Toolset of Concepts or an Object of Study?

This video looks at the field of economics from two different lenses: (a) the toolset / lens of the microscope and (b) the object of study (“the economy” / scarce resources).

[@zye_zigh]

Seeing women in this field keeps me fueled, thank you for the great content, Prof. The girls appreciate you!

[@msralmjs]

I’m an economist and I still remember my first ever economics lesson which touched on this very point. In the world of work I learned that tradeoffs are perhaps one of the best ways of seeing the world… it clarifies so much. Huge fan.

[@ahmuqasim7540]

Thank you Prof. Hodgson. Very interesting topic. With regard to political/human rights, who decides which rights to prioritize? There is no competitive market. The political system in democracies is at best an oligopoly dominated by lobby groups who tend to collude. Collusion among the upper classes is much easier than among the multitudes of lower classes. The recent attack on freedom of speech in American universities indicates the monopolistic nature of the 'market' for speech.

[@leopard6554]

Awesome 👌 🆒️ 🙌

[@AbidNasim]

Thank you; good vlog. Could you delve some more on the toolset aspect; something like most useful tools, etc.

[@vagabondcaleb8915]

What is the difference between "scarce" and "finite"? Seems like most economists ignore elastic supplies to focus on static ones...which makes sense because it's much easier to model... I feel like economists are really modeling for economic Darwinism rather than modeling for demand driven economy.

[@busikubuli2958]

I love your content Ashley❤. You've got such a brilliant mind and an amazing ability to simplify abstract concepts. Do you think there is a relationship between the economics of and the psychology of anything? 🤔

[@Hasanurzaman-mn7dz]

Hello

[@alexnaldo75]

Currently, the main tools for the economist are undoubtedly mathematics and heavy eeconometrics! But in fact, the economist's main problem is the problem of scarcity

[@glafayettegorillo4289]

If you say that economics is actually the science of scarce resources, then wahts business management/administration? It could also be a part of economics then, correct?

[@ShawnRitch]

Is it still taught that, as it pertains to economics, everything is a sacrifice? Therefore, is not being an economist, learning how to best choose what to sacrifice?

[@iczgighost]

How about economics as a religion?

[@usmankhan-vk6bx]

SORRY SISTER I AM NOT ART STUDENT🤣🤣🤣