1.

Define economics (based on the video)

Ans:-Economics is the study of people and their choices, not just the study of
money or the stock market.
Economics is about how people get their income and how they use it, as defined
by the economist Alfred Marshall.

2. Identity maximum number of economics terms from the video

The research result contains a comprehensive list of basic economic terms and
concepts, including:

capital goods
commodity
consumer
demand
elasticity
equity
leverage
liquidity
market
scarcity
shift in demand
supply
Moreover, it explains core economic concepts like:

business cycle
consumer price index (CPI)
economic growth
gross domestic product (GDP)
gross national product (GNP)
income
macroeconomics
market economy
microeconomics
unemployment rate
Additionally, it covers essential negative economic terminology such as:

deflation
economic depression
inflation
negative equity
recession
stagflation
stagnation
Furthermore, it delves into key economic words related to investing, including:

bear market
bond
bull market
futures
hedging
securities
stock
Dow Jones Industrial Average
Therefore, the maximum number of economic terms identified in the research result
is 30.
3. Prepare a visual map of the video
Introduction to Economics

Crash Course Economics #1

Available on Pearson+
Detailed overview of Economics
Found at Pearson+: Intro to Economics: Crash Course Econ #1
Main Topics Covered

Microeconomics and Macroeconomics

Economic Systems and Specialization
Supply and Demand
Macroeconomics: Growth & Productivity
Monetary Policy and Federal Reserve
Financial Crisis and Deficits
Inflation, Bubbles, and Tulips
Globalization and Trade
Income and Wealth Inequality
Environmental Economics
Game Theory and Oligopoly
Course Details

Consists of 35 episodes
Covers key economic concepts
Suitable for high school and college students
Based on introductory college-level curriculum
Offers a comprehensive understanding of Economics
Additional Resources

Free Course on Economics

Taught by Adriene Hill and Jacob Clifford
Based on the 2015 AP Economics curriculum
Available on Class Central: Economics by CrashCourse
Access Crash Course Economics
Invites global experts to explain monetary policy
Simplifies complex economic issues
Enhances accessibility and understanding for all
4. Identify the real world issues from the video
Real-World Issues Discussed in the Video
Poverty and Extreme Poverty: The video delves into the challenging topics of
poverty and extreme poverty, highlighting the complexities and difficulties
associated with eradicating these issues globally.

Globalization and Trade: A major focus is on globalization and trade as key

contributors to poverty reduction. While globalization has helped lift millions out
of extreme poverty, it also poses challenges such as income inequality,
environmental concerns, and exploitation.

Labor Conditions and Outsourcing: The discussion touches upon how outsourcing of
jobs can lead to exploitation and oppression of workers in developing countries. It
raises concerns about substandard working conditions, low wages, and the lack of
regulations in some regions.

Sustainability Concerns: Experts in the video express doubts about the

sustainability of a growing global economy due to factors like deforestation,
pollution, and climate change. The video stresses the importance of balancing
economic progress with environmental sustainability.

Microcredits and Economic Participation: The concept of microcredit is introduced

as a strategy to empower individuals in extreme poverty to participate in the
economy. The video highlights the positive impacts of enabling people to generate
income through small businesses and economic activities.
Conclusion
The video sheds light on a range of real-world issues such as poverty,
globalization, labor conditions, sustainability, and economic empowerment,
emphasizing the complex dynamics that exist within the global economic system and
the challenges associated with poverty alleviation and sustainable development.

ECONOMICS IS THE STUDY OF PEOPLE AND CHOICES

ALFRED
STUDY OF MAN AND WOMAN
COLLEGE STUDENT
GOVT EXPENDITURE
MOBILE COMPANIES PRODUCING
OPPUTUNITY COST WHATEVER U GIVWE UP TO DO SMTG
SCARCITY
30000 PEOPLE DEATGH TRAFFIC CASUALTY
ELEPHANTS IN CCARNIVAL
TRAFFIC FATALITIES THEY ARE FORCED TO USE CARS
MILITARY SPENDINGF IN UNITED STATES IS OVER 600 BILLION DOLLARS PER YEAR THIS IS AS
MUCH AS THE THE TOP 10 COUNTRIES USAGE
IN 1953 AMERICA PRESIDENT GAVE A SPEECH
GOVT USE ECONOMIC THEORY TO IMPOSE LAWS
INCENTIVES