10 Principles of Economics (Gregory Mankiw) | From A Business Professor

Description

The ten principles of economics serve as foundational concepts and theories that form the basis for economic analysis. It was introduced by American Economist, N. Gregory Mankiw, one of the youngest Economics Professor in Harvard University. These principles are applicable to both macroeconomics and microeconomics and are crucial for understanding the behavior and interactions of individuals, firms, governments, and the global economy. So In this video, I will introduce these ten principles with real world examples.