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\nThe 2020 Nobel Prize in Economics: Private / Common Values\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nThe Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, or simply the Nobel Prize in Economics is an award given every year to thought leaders in the field.In and amongst all of the happenings in the world this year...\nThe Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, or simply the Nobel Prize in Economics is an award given every year to thought leaders in the field.
In and amongst all of the happenings in the world this year these awards have kind of flown under the radar which is unfortunate because they all recognized some very remarkable works.
And in the field of economics, it all had to do with auctions.
Auctions and Auction Theory are one of the most important systems to understand in economics because they act as an efficient way to build markets and correctly determine how we value items.
What should the average person or aspiring economist know about Auction Theory?
What did the winners of this year's Nobel prize contribute to this theory?
And how can this be utilized to build better and more efficient economies?

Helping you become more knowledgeable about how the world works, our content covers the biggest topics and headlines through the eyes of economists. The team explores a wide range of subjects improving your ability to understand the world more clearly.
This is economics, explained.

The 2020 Nobel Prize in Economics Part 2\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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6:49
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2020
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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Concepts

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money, profit
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Best For: Explaining a topic
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