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Hello. This is Jose Vazquez, and we are here talking to you from the University of
Illinois in Urbana-Champaign. In fact, we're at the student union at the
University of Illinois in Urbana-Champaign, which is the perfect
place to introduce this class in economics. Because, as we're going to tell
you in the course, economics is everywhere. So, it's clearly here in the
Union where students actually are buying their food. we can ask questions as to why
they are making these lines? Are these lines too long? Should they open another
cash resister? Why are they selling the coffee which I have here in a Plastic cup
instead of a ceramic cup, which probably creates less waste. why students actually
spend time studying here, instead of studying at their dorms? So, what we're
going to talk about in this class is all of all those things. Economics is
everywhere. It's the study of lines, it's the study of love, it's the study of
coffee, it's the study of everything. And my goal for you in taking this class is by
understanding economics, you should be able to make better decisions as a
citizen. Should you vote or not? Should you buy the car you are thinking of
buying? Should you study another hour for an exam? If you went on a date with
someone, should you go on a second date? As a business owner, should you open
another cash register if you have a business here in the union? Should you
higher an older employee instead of, or choose to buy higher, buy another machine.
All of those questions are questions that deal with economics and we'll deal with
those in this course. So the other thing you're probably wondering is that, how do
you pass the class and how much you have to do to pass the class. Well in this
class that's a complicated question because you can really customize your work
in this class whichever way you want. We have basically three things you can do in
this class discussions and work on discussions with other people. a final
project and then watch video lectures and do quizzes related to the video lectures.
You can choose to do the three of them, or you can choose to do one of them or two of
them. It is really designed so you can choose your own path. Now if you chose to
do the three things, you probably going to spend between let's say five to ten hours
at the most a week on working on this. But at the end, I think you, you, you be
satisfied with not only learning more about the economics of everywhere the
study of everything but also about the particular skill of critical think of
critical thinking that you can probably apply to your daily life. So, I hope to
see you in the, the class and next time I see you will probably be the first