Slide 1 “Textbook definition” of economics: The study of how society manages its scarce resources. “Resources” means anything that can be used in a productive way:…
Chapter 1 - © Microeconomics, Curtis & Irvine, 2013 CHAPTER 1 INTRODUCTION – THE BIG IDEAS Microeconomics Curtis & Irvine, 2013 1 Chapter 1 - © Microeconomics,…