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Introduction to microeconomic

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Uploaded on
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Written in
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a very easy and simple way to start to understand microeconomic

Institution
Khawarizmi College
Course
Microeconomic










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Judy Whitehead Microeconomics
  • 2014
  • 9781135266233
  • Unknown

Written for

Institution
Khawarizmi college
Course
Microeconomic
All documents for this subject (3)

Document information

Uploaded on
October 31, 2021
Number of pages
23
Written in
2017/2018
Type
Class notes
Professor(s)
Suja
Contains
All classes

Subjects

  • microeconomic
  • economics
  • scarcity

Content preview

Chapter 1
Introduction to
Microeconomics
1

,Outline
 What is Economics ?
 How does an economy work ?
 What is Microeconomics ?
 What is Macroeconomics ?
 What is Scarcity ?
 What is opportunity cost ?
 Positive vs. Normative Analysis
 Summary



2

, • What is Economics ?


Economics is the study of how societies use
scarce resources to produce valuable goods
and services and distribute them among
different individuals.




3
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