Chapter 1 Econ. I’m taking a course that has the highest failure rate at college. Uncle Sam wants you to do better in economics. What is Economics? Economizing Problem…
Slide 1 Slide 2 Warm-up On a piece of paper, describe how you think individuals (consumers), businesses (producers), and the government interact with each other in todays…
Slide 11 Ricardian Model INTERNATIONAL ECONOMICS, ECO 486 JDE notes to supplement the text. David Ricardo April 18, 1772 — September 11, 1823 Slide 2 2 Learning Objectives…
Slide 1 Slide 2 The Economizing Problem 2 C H A P T E R 1 Slide 3 The foundation of economics is the economizing problem: wants are unlimited while resources are limited…
Slide 1 Chapter 3 Supply/Demand Markets Economy Collection of markets Market Group of buyers and sellers with the potential to trade with each other Macroeconomics - broadly…