Course 9 of 15 · 10 lessons

Economic History: Booms and Busts

Why do bubbles keep happening? Ten lessons that tell one crisis each, from the tulips of 1637 to the pandemic, and read every one with a tool you already know: supply and demand, banks, the quantity of money, AD and AS. The course explains each crisis by prices, rules and incentives, never by the character of a people, and never says which policy was right.

• 10 LESSONS
• ABOUT 15 MIN EACH
• NOTHING YOU GUESS IS STORED

Finished the ten lessons? Go on to the tenth course, The Great Economists.