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5 lis 2012 · The document provides an overview of basic economic principles including what economics is, the fundamental economic problem of scarcity, and the three basic economic questions of what, how, and for whom to produce goods and services.
29 wrz 2013 · This document provides an introduction to economics, covering what economics is, the relevance of economics, demand and supply, and case studies. It defines economics as the study of how economies operate and the decisions made by governments, businesses, and individuals.
Micro economists study decision-making by households and firms in the marketplace. Macroeconomists study the forces and trends that affect the economy as a whole. Download ppt "INTRODUCTION TO ECONOMICS".
INTRODUCTION TO ECONOMICS. The Basics WHAT IS ECONOMICS??? Economics – the study of how individuals and societies make decisions about ways to use resources.
9 sie 2014 · Introduction to Economics Lecture 1. What is Economics?. Economics is a social science. The big two concepts that Economics deals with are : Resources are scarce ( limited) 2) Society has unlimited needs and want. Download Presentation. economists study human behavior. production possibility frontier. extra x1. production possibilities.
The document outlines the 5 fundamental economic questions societies must answer and defines resources, scarcity, and opportunity cost. It explores concepts like needs vs wants, tradeoffs, costs and revenues including fixed, variable and marginal costs.
Download presentation. Presentation on theme: "Introduction to Economics"— Presentation transcript: 1 Introduction to Economics. 2 What is Economics? Scarcity – a basic human dilemma.
