Economics has been shaped and influenced by different economists and schools of thoughts for centuries.
The three videos here give you a very quick and fun insight into three of the most important economists ever, Adam Smith, Frederick Hayek and John Maynard Keynes.
Watch the Invisible Hand video first, this is the very first Economic theory that was developed, next watch the video called “The Paradox of Thrift” which introduces Hayek and Keynes both are only 60 seconds long!
Finally the YouTube video is a rap battle between Hayek and Keynes and is good fun to watch as well as covering really important ideas.
As a task see if you can summarise the main idea of each economist into 140 characters to send as a tweet on twitter!
@priestleyeconom on Twitter