1. Everyday EconomicsCalifornia State Standard 12.1: Students understandcommon economic terms and concepts and economicreasoning.Learning Objective: The purpose of this lesson…

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1. WHAT IS ECONOMICS? 1 CHAPTER 2. Objectives After studying this chapter, you will be able to: Define economics and distinguish between microeconomics and macroeconomics…

Slide 1What Is Economics? CHAPTER 1 Slide 2 After studying this chapter you will be able to Define economics and distinguish between microeconomics and macroeconomics Explain…

Slide 1WHAT IS ECONOMICS? 1 CHAPTER Slide 2 Objectives After studying this chapter, you will be able to: Define economics and distinguish between microeconomics and macroeconomics…

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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Slide 1© 2010 Pearson Addison-Wesley Slide 2 Slide 3 Definition of Economics All economic questions arise because we want more than we can get. Our inability to satisfy…

1.Please Note:The images included in this presentation, some of which are copyrighted,are being used under the “fair use” provision (for educational purposes)of the U.S.…