Say you can only teach two words from economics to a student or friend -- what would they be?

At the 2018 AP Economics Conference co-hosted by MRU & the St. Louis Fed, GMU Professor Tyler Cowen posed this same question. His answer?

Incentives Matter.

In all areas of our lives, incentives play a role. They can help us accomplish great things, but there are negative and misaligned incentives too.

Watch this video to learn how incentives apply to the world around you -- from tipping a server at a restaurant to the cost of rent in Montreal to divorce rates in Silicon Valley.

Stay tuned for more videos in this series, Tyler’s 9 Big Ideas of Economics, released weekly!

Are you a high school teacher that wants to attend this conference next year? Registration is now open! https://bit.ly/2DozLzv

Or join MRU at a future economics teaching event! Visit this page for more information: https://bit.ly/2AQIWq5