What is Economics? And how do we think about production?

About the lecture

In this module, we explore what economics is and have a closer think about production. In particular, we focus on: (i) the question of what gets produced and who benefits from production; (ii) defining economics; (iii) how do we think about the economy, society and the biosphere; (iv) how things get made, including a discussion of the factors of production; (v) the relationships between firms, households and the biosphere; and (vi) the costs of the factors of production.

About the lecturer

Simon Halliday is an Associate Professor in Economics Education at the University of Bristol. He specialises in behavioural economics, microeconomics, and economics education. With this in mind, he has published widely, including an intermediate microeconomics textbook, Microeconomics: Competion, Conflict, and Coordination which he co-authored with Samuel Bowles.