A brief look at how money has evolved over time from being …
A brief look at how money has evolved over time from being printed on valuable substances (commodity money), to merely representing those valuable substances (commodity-backed money), to not representing anything at all (fiat money). Created by Grant Sanderson.
What does money actually do? Economists usually subdivide its functions into three …
What does money actually do? Economists usually subdivide its functions into three categories: A medium of exchange, a store of value, and a unit of value. Created by Grant Sanderson.
This is an introductory course on computational thinking. We use the Julia …
This is an introductory course on computational thinking. We use the Julia programming language to approach real-world problems in varied areas, applying data analysis and computational and mathematical modeling. In this class you will learn computer science, software, algorithms, applications, and mathematics as an integrated whole. Topics include image analysis, particle dynamics and ray tracing, epidemic propagation, and climate modeling.
A fourth function of money is that anytime you take on a …
A fourth function of money is that anytime you take on a debt, when the time comes to repay it, you can use money. This is highly related to the idea of "legal tender", which you can also learn about in this video. Created by Grant Sanderson.
To illustrate what the functions of money are, it can help to …
To illustrate what the functions of money are, it can help to look at circumstances where those functions break down. Hyperinflation, in which prices of things increase really really fast, is one such example. Created by Grant Sanderson.
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