![]() And that's what we're going to do in this class. What makes a product sell? What are the risks and rewards of being an entrepreneur? And how do you keep competitors out?Įconomists often like to look at the extreme cases of something in order to see the principles at work underneath. And now here in class three, we're going to get down to the business of business. Class two sorted out those decisions into a market, complete with prices and supply and demand. In class one, we talked about how economists think about individual decisions - costs and benefits, opportunity cost. Oh, and did we mention there is going to be a test? Pass a few simple questions at the end of the course, and we'll put your name on a PLANET MONEY diploma suitable for framing, not suitable to be used as an educational credential. Every Wednesday till Labor Day, we are tagging along with you to the beach, to the park to teach you the essential principles of econ 101. ![]() Hello, and welcome to PLANET MONEY Summer School, your eight-week fast track to riches and power, or at least an understanding of how those things work. ![]() ![]() (SOUNDBITE OF BRICE MONTESSUIT AND CHARLES CASTE-BALLEREAU'S "LOST SITUATION") ![]()
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