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This is a review of the Paul Krugman Teaches Economics & Society class from MasterClass!
The MasterClass Instructor – Paul Krugman
Paul Krugman has decided to take this broad topic of economics and create a class that provides viewers with the information they need to know to better understand the world and how economics plays a role in their lives. He says this class is not about learning every topic that would be outlined in an economics textbook, but instead it is about learning economics in order to be a more enlightened citizen.
Paul Krugman was awarded the Nobel Memorial Prize in Economic Sciences for his work on the international trade and economic geography. Paul is a professor of Economics and Distinguished Scholar at the Graduate Center’s Stone Center at City University of New York and has also taught at Princeton University, MIT, and Stanford.
In addition to the Nobel Prize, Paul’s work in economics has earned him broad acclaim from the economic press, several prestigious awards, and worldwide recognition as a leader in the fields of economic geography and the role of increasing returns in shaping international trade. He is recognized worldwide as a leader in the fields of economic geography and the role of increasing returns in shaping international trade.
This class focuses on the foundations of economics and provides new insights to how the economy is connected with ordinary events in everyone’s lives. This classes focuses on the fundamentals of economics, economics with regards to crisis and inequality, economics of health care, international economic trade and global theory, and lastly a few great lessons on Paul’s thoughts on the future of economics.
Economics & Society – Who is it for?
This class is for anyone who is interested in learning more about economics! Whether you are looking to be an economist, want to start your own business, or just want to learn about economics to be a better citizen this class has something for you. Paul Krugman not only talks about foundational concepts which include the history of economic thought, taxes, and macroeconomics, but goes more in-depth about the economics of health care and why the inequality gap is growing.
MasterClass Paul Krugman – Main Themes
- Critical thinking
- Beautiful economics
- Stay aware
MasterClass Workbook – Paul Krugman
The workbook for this class is a great reference tool to look back on and find resources for more information. Each lesson is outlined in the workbook with a review section and a learn more section. The review provides a detailed summary of what was talked about in each video lesson and the learn more section provides links to more readings on economists, other theories, and history. The workbook also provides great graphs and charts to help viewers visualize and better understand the material.
MasterClass Economics & Society Key Takeaways
Paul Krugman has created a fantastic class that really goes in-depth, while also providing viewers with topics that are relevant to viewer’s daily lives. He talks about how economics is about the ordinary business of life. It is about understanding how people earn a living and how they spend their income. Along with these fundamental topics, this class goes in-depth on everything from the 2008 recession to looking a problems and solutions with regards to the American private health care market.
It’s never been more important to educate yourself.
What I really loved about this class was Paul’s use of figures and online services that allowed him to provide real data and figures to help make his point. Viewers are able to see what happened, or in this case what didn’t happen, to inflation when more money was printed during the 2008 recession and he shows viewers how to use many of these public databases, including the OECD, to get the reliable information they are looking for.
Final Thoughts on Paul Krugman’s MasterClass
This class was in-depth and thought provoking! Paul Krugman has created a class that not only outlines the fundamental principles of economics, but also provides insights into economic systems like health care and taxes. If you are looking for an engaging and in-depth economics class, this is the class for you!
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