Mankiw’s 10 Principles” In Week 1 we’re introduced to Mankiw’s 10 Principles of Economics. This information is vital and will follow you throughout the course.
After you watch the video, you may also want to check out this infographic on the 10 Principles
In Week 1 we’re introduced to Mankiw’s 10 Principles of Economics. This information is vital and will follow you throughout the course.
After you watch the video, you may also want to check out this infographic on the 10 Principles
Answer preview
The boring lecturer is enabled to get the attention of the students. His major topic is the role of government in the economics particularly during times of crisis. He is concerned about how the federal government tried to encourage savings during the Great depressions and what the government does during the seasons of economic crisis. During the seasons of economic failures, the government intervenes through encouraging investments to create revenues. During the Great Depression, the peoples purchasing ability decreased and most agricultural products went into waste while the citizens went on hungry.
