Economics

past year paper and memo

past year paper and memo

past year paper and memo

past year paper and memo

past year paper and memo

past year paper and memo

past exam paper

contains a study guide and past exam papers with the memo

it contains a study guide and past year exam papers

In this chapter we introduce you to economics. We introduce you to the important concepts of scarcity, choice and opportunity cost. We explain these concepts using a production possibilities curve we use a production possibilities curves to illustrate different situations. We explain why economics is a social science, the difference between micro￾ economics and macroeconomics, and the difference between positive and normative economics.