Foundations of Economics: Individual Decisions, Interactions, and Macro-level Insights
Unlock the essential principles that underpin the world of economics with this comprehensive summary of the first chapter. In this meticulously crafted document, we delve into the core concepts that govern how people make decisions, interact with each other, and contribute to the functioning of the economy as a whole.
Connected book
- Unknown
- 9780357133491
- 9
Written for
- Institution
- Miami Dade College
- Module
- ECO 2013
Document information
- Uploaded on
- August 28, 2023
- Number of pages
- 6
- Written in
- 2023/2024
- Type
- Lecture notes
- Professor(s)
- Nick stieglitz
- Contains
- All classes
Subjects
-
economics
-
scarcity
-
economy
-
trade offs
-
opportunity cost
-
rational decision making
-
marginal thinking
-
incentives
-
market economy
-
government intervention
-
trade
-
specialization
-
invisible hand
-
governments role