Economics

A model makes assumptions explicit so that trade-offs can be reasoned about.

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Introduction to Economics

What does an economic model help us see?

Economics3h · IntroductionBeginner

Choose a direction

Value & prices

What gives something value?

Economics22h · TopicSome background

Institutions & growth

Why do some societies prosper?

Economics22h · TopicSome background

Money & macroeconomics

How does money shape an economy?

Economics22h · TopicSome background

Markets and externalities

When does a price omit a cost?

Economics14h · TopicSome background

Commons and cooperation

How can people govern a shared resource?

Economics14h · TopicSome background

Read a thinker or author

Elinor Ostrom

Research on how people organise shared resources. Compare actual rules, monitoring and conflict resolution rather than assuming a single governance solution.

Amartya Sen

Social choice, capabilities and the evaluation of development. Distinguish resources from the real opportunities people have to use them.

Bina Agarwal

Land rights, gender and participation in environmental governance. Distinguish nominal membership from the ability to influence a decision.

Connect this subject

How can people care for what they share?

Compare evidence about shared resources with accounts of reciprocity, participation and responsibility to place. These approaches ask overlapping but distinct questions.