FOUNDATION COURSE PAPER - 3 Study Note - 1 BASIC CONCEPTS OF ECONOMICS 1.1 DEFINITION AND SCOPE OF ECONOMICS There are 4 definitions of Economics. (1) Wealth Definition:…
This watermark does not appear in the registered version - http://www.clicktoconvert.com UNIT –I: BUSINESS ECONOMICS AN INTRODUCTION Lesson: 1 – BASICS OF ECONOMICS CONTENTS…
Section - I ECONOMICS ECONOMICS A1 Basic Concepts of Economics Study Note - 1 BASIC CONCEPTS OF ECONOMICS This Study Note includes • • • • • • • Definition…
1. TEN PRINCIPLES OF ECONOMICS Chapter 1 ECON202, Maclachlan 2. ECONOMY From the Greek for one who manages a household. Key concept: scarcity. ECON202, Maclachlan 3. Definition…
1. TEN PRINCIPLES OF ECONOMICS Chapter 1 ECON202, Maclachlan 2. ECONOMY From the Greek for one who manages a household. Key concept: scarcity. ECON202, Maclachlan 3. Definition…
Slide 1Chapter 1 SCARCITY, CHOICE, AND OPPORTUNITY Slide 2 1. Definition Economics studies how we use our scarce resources to specialize in production and to exchange and…
Slide 1 Economics Chapter 2 Slide 2 Definition Economics: study of how society uses its resources to produce goods and services and how it distributes them to people who…
Slide 1 ECON 2313: Spring Semester, 2010 Slide 2 Economics is the study of how individuals and societies allocate scarce resources among competing alternative ends Slide…
Slide 1 ECON202, Maclachlan, Spring 20051 TEN PRINCIPLES OF ECONOMICS Week 1, Chapter 1 Slide 2 ECON202, Maclachlan, Spring 20052 ECONOMY From the Greek for one who manages…
Slide 1 ECONOMICS Johnson Hsu Slide 2 Economics of work and leisure 1. Nature of work and leisure and trends in employment and earnings 2. Market Structures and competitive…