2. Exchange
Instructor
TedMax
Course Overview
In the first lesson, we saw that money is a medium of exchange. But what do we mean by exchange and why is it so important?
In this lesson, you will see how exchange works without money and explore some of the limitations of this.
Then in Economic Concepts 2, we will explain the idea of ‘utility’ in economics, the importance of divisibility in money, and what we mean by ‘store of value’.
What You'll Learn?
- Introduces the importance of exchange in society
- Explores direct exchange
- The idea of 'utility'
- Divisibility as an important property of money
- Store of value as a function of money
- From age 8
- But really anyone who wants to understand money better
- Curiosity
- Completion of lesson 1 is recommended
- 1 video lesson.
- 1 video diving deeper into key Economic Concepts revealed in the lesson.
- 1 quiz to test your understanding.
olwynballantine
Becoming more complicated but still easy to understand