Idiot’s Guide to Economics

This guy breaks down Mankiew’s principles of economics into terms we can all understand (though the original list isn’t what you would call earth-shattering either).

“Let’s begin by separating them into the first seven principles, which are microeconomics, and the last three, which are macroeconomics. The difference, of course, being that microeconomists are economists that are wrong about specific things, and macroeconomists, who are wrong about things in general.”

Principles of economics, translated by Yoram Bauman in 02/16/07 (YouTube)