In this lesson, Nick Palazzolo delves into the essential economic principles that govern how businesses operate and influence market dynamics. With a no-nonsense approach, he strips away the superfluous details, zeroing in on the 'bare bones' of economics that can make all the difference in understanding supply and demand cycles. Here, he explores the determinants of market prices and their volatility, the natural science of human behavior that underpins economic theory, and how this impacts everyday life—from shipping timelines to industry behaviors. Nick simplifies complex concepts such as business cycles including troughs and peaks as well as government policies that affect industry operations. This practical take demystifies the way economic forces interact, ensuring familiarity with the topic without overwhelming with the minutiae.
Lesson: Supply and Demand Cycles Overview and Objectives
In this lesson, Nick Palazzolo delves into the essential economic principles that govern how businesses operate and influence market dynamics. With a no-nonsense approach, he strips away the superfluous details, zeroing in on the 'bare bones' of economics that can make all the difference in understanding supply and demand cycles. Here, he explores the determinants of market prices and their volatility, the natural science of human behavior that underpins economic theory, and how this impacts everyday life—from shipping timelines to industry behaviors. Nick simplifies complex concepts such as business cycles including troughs and peaks as well as government policies that affect industry operations. This practical take demystifies the way economic forces interact, ensuring familiarity with the topic without overwhelming with the minutiae.
Updated: May 31, 2022 Create an account