5. Indirect Exchange
Instructor
TedMax
Course Overview
In the final lesson of Module 1, we complete our discovery of money as an indirect medium of exchange, finding out what sets money apart from all other goods.
In Economic Concepts, we dive deeper into some of the properties of a good medium of exchange by discussing salability and stock to flow. We end by considering what happens to the value of something as it begins being adopted as money.
By this point, you will probably have a better understanding of money than most adults. You will be ready for Module 2 in which we use what we have learned so far to review the different types of money used in the past, present and (possibly) in the future.
Please also download the PDF file at the end, so you will always have to hand the key concepts and ideas we covered in Module 1.
What You'll Learn?
- Money as indirect exchange
- The unique properties of money
- The concept of salability
- Understanding stock to flow
- Monetary premium
- From age 8
- But really anyone who wants to understand money better
- Curiosity
- Completion of lesson 4 is recommended
- 1 video lesson.
- 1 videos diving deeper into key Economic Concepts revealed in the lesson.
- 1 quiz to test your understanding.
- 1 Downloadable PDF summarising all the key economic concepts covered in lessons 1-5