4. Properties of Money
Instructor
TedMax
Course Overview
In this lesson, we discover why direct exchange limits human progress and ultimately breaks down, giving way to indirect exchange.
We highlight the properties of a good medium of exchange. In Module 2, we will use this as a framework to compare different types of money, because, as we will see, some are better than others at different things.
Then, in Economic Concepts, we take a look at time preference, entrepreneurship, and market size.
What You'll Learn?
- The limitations of direct exchange
- Introducing indirect exchange
- The properties of a good medium of exchange
- Introducing the relevance of time preference
- The important role entrepreneurs play in society
- How market size affects economic opportunity
- From age 8
- But really anyone who wants to understand money better
- Curiosity
- Completion of lesson 3 is recommended
- 1 video lesson.
- 1 videos diving deeper into key Economic Concepts revealed in the lesson.
- 1 quiz to test your understanding.
teddy
olwynballantine
Complicated concepts explained easily