How to Explain Everything

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Part 1: Decisions, Decisions. Are you going to eat out tonight or cook at home? Will you watch a TV program or read a book? Will you study something tonight or will you go out with friend? Do you go out every night or do you save up for a car? Do you get into a relationship or keep things casual? All of these questions are the subject of economics. Do you just flip a coin every time you need to make a decision? Sometimes? Only when there's really no difference between the choices to you? How do you balance unlimited desires with limited resources? In the big picture, economics is the study of choices. While many think of it as the study of making money, it isn't. It's just that most choices hinge around money because of what money is, but that's jumping too far ahead. If you want to understand how the world works -- how you and everyone else make decisions -- economics provides a lot of insight. This is the first in a series. [Kuro5hin.org]