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Documents 1-1 © The McGraw-Hill Companies, Inc., 2009 McGraw-Hill/Irwin LO 1 - All Chapter 1: Thinking Like.....

Slide 11-1 © The McGraw-Hill Companies, Inc., 2009 McGraw-Hill/Irwin LO 1 - All Chapter 1: Thinking Like an Economist 1.The Scarcity Principle: having more of any good thing…

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1 Thinking Like an Economist Chapter 1 Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin 1-2 Learning Objectives 1. Explain and apply…

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HE9091 Principles of Economics Lecture 1 Introduction Tan Khay Boon Email: [email protected] Office: HSS-04-25 mailto:[email protected] Topics • Scarcity and Cost-Benefit…