17K views · 120 reactions | Get everything you need to understand how the market works, economic decision-making, and international trade, all at a basic level. This course runs from June 25 - August 24. No prior economics knowledge needed! https://online.stanford.edu/courses/sohs-yeconschool-principles-economics | Stanford Online | Facebook

In this video, we'll explain the Basics of Microeconomics — one of the most important foundations of economics. You’ll learn how individuals, consumers, and firms make choices that shape the entire economy. 💡 In This Video, You’ll Learn: ✅ What is Microeconomics? ✅ Key Concepts – Demand, Supply, and Price Elasticity ✅ Types of Market Structures – Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition ✅ Why Microeconomics is Important for Consumers, Businesses, and Government ✅ Real-