1. Economics Definitions Sections 1 to 3 2. Economics Economics is the study of how scarce resources are or should be used Microeconomics is concerned with the individual…
1. Economics Definition Yeong-Se Chang The true lover of economics 2. Section 1- Introduction to Economics 3. Microeconomics – is the study that focuses on individual markets…
1. WHAT IS ECONOMICS? 1 CHAPTER 2. Objectives After studying this chapter, you will be able to: Define economics and distinguish between microeconomics and macroeconomics…
Slide 1What Is Economics? CHAPTER 1 Slide 2 After studying this chapter you will be able to Define economics and distinguish between microeconomics and macroeconomics Explain…
Slide 1 Slide 2 When you have completed your study of this chapter, you will be able to C H A P T E R C H E C K L I S T Describe the patterns and changes in what goods and…
Slide 1WHAT IS ECONOMICS? 1 CHAPTER Slide 2 Objectives After studying this chapter, you will be able to: Define economics and distinguish between microeconomics and macroeconomics…