Economics 101

Eight Principles of Economics

Dr. Russel Sobel introduces eight economic principles in this overview of the most fundamental economic concepts. View clips from the first 4 principles: opportunity cost, rational decision making, the importance of incentives and decisions made at the margin. These video clips are from the Free the World! Economics Seminar held at the Independent School in Wichita, Kansas, in the summer of 2005. The links below take you to Google Video clips or Quicktime video. -- Greg Rehmke

#1 No Free Lunch Google Video | Quicktime

#2 Rational Decisions Google Video | Quicktime

#3 Incentives Matter Google | Quicktime

#4 Decisions are Made at the Margin Google | Quicktime

Eight Principles of Economics

Dr. Sobels´s Eight Principles of Economics video was recorded by Economic Thinking at the Free the World! Independent schoolseminar in Wichita, Kansas in 2005. The video is available for purchase at our website Store.