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PB102 MICROECONOMICS CHAPTER 1 INTRODUCTION TO ECONOMIC PKB: JULAI 2010 CHAPTER 1: INTRODUCTION TO ECONOMICS PowerPointing.com? -Definitions of economics -Discipline of economics…

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1.  What is Economics?   Two important terms: 1.  Choice 2.  Scarcity   Study of choice under conditions of scarcity Scarcity   Situation in…

Documents Lecture by: Jacinto F. Fabiosa Fall 2005 Scarcity, Choice, and Economic Systems.

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Documents Econ for IGCSE students Revision book “Recipe for success: Study while others are sleeping; work.....

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Documents Concept of Opportunity Cost Opportunity cost of any choice –What we forego when we make that...

Slide 1 Concept of Opportunity Cost Opportunity cost of any choice –What we forego when we make that choice Most accurate and complete concept of cost Direct money cost…

Documents Scarcity, Choice and Economic Systems Doc. Ing. Mansoor Maitah Ph.D. et Ph.D.

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Documents Slides by: John & Pamela Hall ECONOMICS 3e / HALL & LIEBERMAN SCARCITY, CHOICE, AND ECONOMIC SYSTEMS...

Slide 1 Slides by: John & Pamela Hall ECONOMICS 3e / HALL & LIEBERMAN SCARCITY, CHOICE, AND ECONOMIC SYSTEMS © 2005 South-Western/Thomson Learning Scarcity, Choice,…

Documents Fundamental Economic Concepts. I WON THE LOTTERY! I’ll give you anything you want other than...

Scarcity Fundamental Economic Concepts I WON THE LOTTERY! Iâll give you anything you want other than money. What do you want? Would your list ever end? Why not? 2 What is…

Documents Fundamental Economic Concepts. What is Economics? - The study of mankind’s unlimited desires in a....

Scarcity Fundamental Economic Concepts What is Economics? - The study of mankindâs unlimited desires in a world of limited resources. -Economics is a social science, dealing…

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Aminiya School 1st Term Grade 8 Economics Page 1 ECONOMICS History of Economics Economics originated from the Greeks, it was first known as “OIKONOMIA” (OIKONOMICOS)…