Paul Krugman Teaches Economics and Society – Paul Krugman

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Summary

• Paul will cover many of the issues you see in the headlines everyday—and provide tools to help you make sense of it all.2.

• What Is Economics?Paul believes that at its heart, economics is about people—how they earn a living and howthey spend their income.3.

• Two Fundamental Principles of EconomicsFirst—people respond to incentives.

• Second—each transaction has an equal give and take.

• Paul breaks down economic thinking into two main principles and teaches you the intricacies of each.4.