Chap 01
1 Some Tools of Economic Analysis CHAPTER 2 © 2003 South-Western/Thomson Learning.
Expectations Show respect for others by listening when they are talking Always try your best and attempt everything Ask questions Respect your learning.
Chapter 1. Economics assumes a few key things about the world around us…. 1. Societies face scarcity 2. Most activity is guided by personal gain 3. Societies.
Study of Financial Statements - Module B
The Economic Problem
Wealth Warm Up: How do you define Wealth???. Wealth-How do you define it??? Are these all pictures/illustrations of wealth???
PRINCIPLES OF Economics. Chapter Ten Principles of Economics 1.
“ I believe myself to be writing a book on economic theory which will largely revolutionize—not, I suppose, at once but in the course of the next.
T HINKING L IKE AN E CONOMIST Lecturer: Jack Wu. IS THE ECONOMIST A SCIENTIST? Economics = queen of social science (Only Nobel Prize in Economics) Economics.
1 of 15 What Is Economics? Economics is the study of the choices made by people who are faced with scarcity. Scarcity is a situation in which resources.
Chapter Thinking Like an Economist 2. The Economist as a Scientist Economics = science Economists = scientists – Devise theories – Collect data – Analyze.
