Class Slides 1

1. Introduction to Microeconomics

What is economics? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Goods and services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Economic decision makers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Rational self-interest ,[object Object],[object Object],[object Object],[object Object]

The invisible hand ,[object Object],[object Object],[object Object],[object Object]

Opportunity cost ,[object Object],[object Object],[object Object],[object Object],[object Object]

Marginal analysis ,[object Object],[object Object],[object Object],[object Object]

Marginal analysis and pizza ,[object Object],[object Object],[object Object]

Normative and positive analyses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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