"Economics" has been called "the science of how people make a living." We all have to make a living! Shouldn't we all understand something about economics? Often, though, when people talk about Economics, the words seem to get all twisted around! How do we even know what's being talked about?
Here's an exercise to give you a taste of how you'll approach things in our Understanding Economics course. Below are twelve images of things one might encounter in our day-to-day economy. There are four ranges on the screen, labeled Land, Capital, Labor and Other.
Drag each item into the range you think it ought to go in. But be careful! If you don't place it in the correct range (according to our Economic Definitions), it won't stick there. You'll have to try again. And there's another trick to watch out for: some of the items might incorporate two of the factors. In that case, they'll only stick to the correct boundary line between those two factors.
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You can sign up right now and take the self-paced, online version of our first course for free! Then, if you choose to go on, you can enroll in the second and third parts of our Principles of Political Economy series. For an additional fee, you can take advantage of our recommendation for college credit with the National College Credit Recommendation Service. Here's more on how this works.
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