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Welcome to ECONOMICS 101! Your go-to ECONOMICS guide, brought to you by the IEA and kindly supported by The Monnery Trust. Ever wonder what OPPORTUNITY COST is? Are you trying to find EXAMPLES of OPPORTUNITY COST? Is your teacher asking you to explain OPPORTUNITY COST? Trying to understand the BASIC ECONOMIC PROBLEM? ECONOMICS 101 is your go-to guide for exam revision, learning something new or just scrubbing up on past topics. Dr Steve Davies, Head of Education at the Institute of Economic Affairs, will take you through the fundamental concepts of economics in 18 EASY TO FOLLOW, SHORT videos. So, if all of your classes are now online - CHECK US OUT! This is video 2 of 18 in our ECONOMICS 101 series. OCR | EDEXCEL | AQA AS LEVEL | A LEVEL | IB Also on iea.org.uk: INTERNSHIPS - https://iea.org.uk/internships/ EXAM REVISION GUIDES - https://iea.org.uk/student-resources/ TWITTER - / iealondon INSTAGRAM - / ieauk