Introduction to Economics
University of Pretoria (UP)
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EBOOK: Economics: A Southern African Context, 3e
J. van Rensburg, Campbell McConnell, Stanley Brue, Sean Flynn
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Summary EBOOK: Economics: A Southern African Context, 3e, ISBN: 9781526848734 Introduction to Economics (EKN110)
- Summary • 7 pages • 2022
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In this chapter of the document, you will learn:
• The definition of economics and the features of the
economic perspective.
• The role of economic theory in economics.
• Rational behavior and The Marginal Analysis.
• The distinction between microeconomics and
macroeconomics.
• The distinction between positive and normative
statements.
Summary
Summary EBOOK: Economics: A Southern African Context, 3e, ISBN: 9781526848734 Introduction to Economics (EKN110)
Last document update:
ago
In this chapter of the document, you will learn: • The definition of economics and the features of the economic perspective. • The role of economic theory in economics. • Rational behavior and The Marginal Analysis. • The distinction between microeconomics and macroeconomics. • The distinction between positive and normative statements.
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