Unit I: Basic Economic Concepts Why are we âSpeed Reviewingâ? Having you review on your own wouldnât be effective Lecturing about every concept would be too boring. âSpeed…

Slide 1 Slide 2 Unit I: Basic Economic Concepts Slide 3 What is Economics in General? Economics is the study of _________. Economics is the science of scarcity. Scarcity…

Slide 1 Slide 2 A.P. Microeconomics Review Units 1-6 Slide 3 Unit 1 Basic Economic Concepts Slide 4 Positive vs. Normative Positive Statements- Based on facts. Avoids value…

The Nature and Method of Economics Write your list of needs My list of needs and wants: 1. â¦.. 2. â¦.. 3. â¦.. Unlimited resources How can we satisfy our needs and…

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Unit 1-1: Basic Economic Concepts ! Iâll give you anything you want other than money. What do you want? Would your list ever end? Why not? Scarcity!!! * What is Economics?…

SDLC Technology & Policy amidst Shrinking Budget$ Copyright © 2003 Patrick McDermott The Association of Public Sector Web Professionals February 20, 2003 [email protected]…

Unit 2: Supply, Demand, and Consumer Choice Unit I: Basic Economic Concepts 3 FACTS! Econ is a skills based course. Learning methodology resembles algebra more than history.…

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…