EconClips

We teach Austrian Economics in a fun way! How is wealth created? ❓ Saving and investing is the key to personal wealth as well as the economic growth. 👍 How prices are determined? What can we learn from knowing the price discovery process? 😎 The Great Recession was initiated by bursting of the housing bubble. But why there was a housing bubble in the first place? Opportunity cost is the road not taken. Every action has a cost! How do we determine the value of things? How to explain the "water and diamonds paradox"? The law of diminishing marginal utility gives us an answer! Learn Austrian Economics in a fun way! 🎞