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The international trade diagram is so useful because it forms the basis of so many macro year 13 diagrams. #alevels #economics #revision #trade #year13
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How Economists think about Incentives—and why poorly designed Systems can make Rational People produce Irrational Outcomes | Perverse Incentives, Goodhart’s Law, Public Choice Theory, Rational Ignorance, and Mechanism Design all reveal the same uncomfortable idea: sometimes the problem isn’t the people playing the game—it’s what the game rewards. #Economics #PerverseIncentives #GoodhartsLaw #PublicChoiceTheory #MechanismDesign #PoliticalScience #LearnOnTikTok
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Every country drawn at the size of its economy - what it produces, priced the same way everywhere. It opens with China and India making more than half of everything on earth. The United States takes the top in 1882 and holds it for 132 years, peaking at 35% of world output in 1945. China takes it back in 2014. 1821 to 2025. Full breakdown on YouTube: Mapped: The World Sized by Its Economy #economics #gdp #dataviz #china #worldmap
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