‘Economics is everywhere’ is a new series of videos I am posting relating to how economics appears and is being applied in our daily lives and daily activities. This video series series complements a series of posts I am also putting up on Steemit, see link below for corresponding Steemit post.
This first video takes a look at the decisions we make in a working day and how we are consciously or subconsciously applying economics in our day.
The aspects of our daily lives we investigate in this video area as follows:
- selection of breakfast. E.g. breakfast cereal vs. toast
- choice of mode of transport to work, i.e. car vs. train vs. bus
- bring lunch to work or eat out.
- go straight home after work or socialise with colleagues
The video also investigates the economic concepts applied to our daily lives. The concepts investigated in this video are as follows:
- utility maximisation
- economic evaluation
- behavourial economics
Whether we are applying economics to the activities we engage in on a particular day or if we are consciously or subconsciously collecting information regarding future decisions. Economics plays a part in our lives. It is important to understand how economics works in order to enhance the quality of our lives.
For more information regarding 'Economics is Everywhere' read my Steemit post which is available at: https://steemit.com/economics/@spectrumecons/economics-is-everywhere.
This video is also available on my YouTube channel, which can be accessed at: https://www.youtube.com/channel/UCILwyLtjl7ZTlYOqFkAwLzw
The official Spectrum Economics website can be accessed at: https://www.spectrumecons.com
You can find me on LinkedIn at: https://www.linkedin.com/in/waynedavies-spectrumecons/
You can find me on Facebook at: https://www.facebook.com/SpectrumEconomics/
You can find me on Steemit at: https://steemit.com/@spectrumecons
Thank you for taking the time to watch this video.
► Watch on DTube
► Watch Source (IPFS)