Moonshots Podcast: Learning Out Loud
17min2022 JUN 17
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Hello members and subscribers! The twelfth Moonshots Master episode is here and we are diving into Critical Thinking and Opportunity Cost! Getting us started on the journey is Brit Lewis from Mr Hancock, who talks about Trade-Offs and how an understanding of scarcity can help us grasp the number of possibilities around us. We then have a breakdown from Study.com which explains choice, Opportunity Cost definition and real-world examples demonstrating how every choice has a value. Next up to help us understand the framework of Opportunity Cost, we have EconClips with a helpful breakdown of key elements of opportunity cost, and the psychological idea of loss via Psychic profit thinking. We also have Course Hero discussing explicit versus implicit costs and the definition of the cost of giving up. As we plan how to adopt new habits starting today, Tutor2u provides two applied examples of opportunity costs including the cost of a coffee. And closing the show, we have Mike Clayton from On...

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