This program is about the economics of daily life. It is about how we use opportunities, how we spend time, make choices, and share limited resources. So you won't find complex math in this program, nor talk of GDP, export quotas, or money rates. Instead, you will find a lively exploration of some very basic economic ideas we use everyday.

*What is "cost?" Learn by asking "what is the cost of watching television?"
*Discover that "price" is a powerful force that helps us share limited resources.
*From the story of Justin and the $20 gallon of water, learn that "price gouging" might have social value.
*What is the law of supply and demand and how does it influence you?
*What role do profits play in society and why are losses just as important?
*Learn about "unintended consequences." What would happen if automakers produced completely safe cars and we found a cure for cancer?
*What is a trade? It's NOT an exchange of two things of equal value? Would you trade ten dollar bills for a ten dollar bill?
*Find out why the adage that "if a job is worth doing, it's worth doing as well as you possibly can" might seem inspirational, but it's not sound economics.
*Who had to work longer to earn enough money to buy a Ford? You or your great grandfather?
*What is the invisible hand and how does it guide our decisions?

*Includes Guide.