"Decisions, Costs, and the Economics of Everyday Life"

Dive into the world of economics and discover how understanding fundamental concepts like opportunity cost, trade-offs, and marginal analysis can transform your decision-making skills. In this episode, we explore relatable scenarios—from planning a trip to choosing between movie nights and family dinners. Learn how the principle of diminishing marginal utility affects your choices and uncover the five key economic assumptions that shape our daily lives. Tune in to become a more informed and rational decision-maker!