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YouTube

Economics for Everyone - Teaching the World to Think Like an Economist

Becker Friedman Institute University of Chicago via YouTube

Overview

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Explore how to make economic thinking accessible to everyone in this podcast episode featuring University of Chicago professors Robert Shimer and John List discussing their innovative "Economics for Everyone" program. Discover how they developed a groundbreaking approach to teaching economic reasoning without complex mathematics, using classroom experiments, storytelling, and hands-on learning to explain fundamental concepts like market equilibrium, incentives, and policy implications. Learn about the program's global expansion through 60 professional videos watched worldwide and teacher training initiatives across Chile, Colombia, and Saudi Arabia. Understand why economic literacy matters in daily life, from making personal decisions about opportunity costs to critically evaluating policy debates about tariffs and taxes. Examine the distinction between causality and correlation in economic analysis and why this critical thinking skill has become increasingly important in today's information-rich environment. Gain insights into the future of economic education, including new books, AI-driven learning tools, and plans to expand access to economic reasoning skills for students and educators globally.

Syllabus

00:00-3:52 Introduction & Origins of “Economics for Everyone”
03:53-9:35 Teaching Economics Without the Math
09:36-18:18 From Classroom to the World
18:18-47:20 Why Economics Matters for Everyone
47:20-1:05:31 What’s Next & Lightning Round

Taught by

Becker Friedman Institute University of Chicago

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