Slide 1 Lecture 2: Basic Microeconomics I Given to the EMBA 8400 Class March 20, 2010 Dr. Rajeev Dhawan Director Slide 2 Review of Last Week 10 Principles of Economics…
Slide 1 Economics as a social Science Applying the scientific method in economics ◦ Observation, Theory, and Testing ◦ Assumptions and ceteris paribus Controls…