MRU Micro Intro

What inspired Tyler to start studying economics?

• A school project

• His parents' influence

• His interest in understanding the world

• A book he read

What is a key economic insight mentioned by Alex?

• Incentives

• Opportunity cost

• Supply and demand

• Market equilibrium

How did the British government change the incentives for sea captains?

• By paying them for prisoners who arrived alive

• By providing better ships

• By offering them bonuses for speed

• By increasing their pay

What question do people often ask Tyler when they learn he is an economist?

• How to start a business

• How to understand global markets

• How to manage their money

• How to get a job in economics

What reward does learning economics offer?

• Improved social skills

• A new perspective on the world

• Higher income

• Better job opportunities