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Summary ECON101-What is Economics? Understanding our changing world

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CONTENT Introduction What is Economics? Two big Economic questions Economic way of thinking Economic terms you should familiarize yourself with Common fallacies in Economics Graphing Data












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Chapter 1
Uploaded on
February 25, 2021
Number of pages
31
Written in
2020/2021
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Economics 101
What is Economics?
Basics

,TUTOR PROFILE
Ntuthuko Hlela
- Economics Tutor at the University of KwaZulu Natal [UKZN].
- Member of the Golden Key Society for 2 consecutive years.
- Top Economics student at the UKZN for 3 consecutive years.

,Content
- Introduction
- What is Economics?
- Two big Economic questions
- Economic way of thinking
- Economic terms you should familiarize yourself with
- Common fallacies in Economics
- Graphing Data
- What is next?

, Introduction

Your life is shaped by the challenges that you face and
opportunities that you create. However, and most importantly, to
those challenges and seize the opportunities they present, you
understand the forces at play. Now, this is where Economics come
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ntuthukohlela University of KwaZulu-Natal
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