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In this video we will be firstly talking about what theories and paradigms are and providing a little insight to their basic workings before moving on to define this subject that we call economics. We will outline some of the major considerations involved in the study of economics, including trying to understand the logic behind the decision making of agents, theories of economic value, the dynamics of cooperation and competition, economic institutions and economic development For full courses, transcriptions & downloads please see: http://www.systemsthinking.io Twitter: https://twitter.com/SystemthinkAcad Facebook: https://fb.com/thinkacademyio