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Constant opportunity cost resources - PowerPoint PPT Presentation

Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts. 3 FACTS!. Econ is a skills based course. Learning methodology resembles algebra more than history. You MUST complete assignments BEFORE class Class time should be about sharpening skills, rather than just introducing/reviewing concepts.

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1.42k views • 120 slides
Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts. What is Economics in General?. Economics is the study of _________. Economics is the science of scarcity . Scarcity is the condition in which our wants are greater than our limited resources.

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1.41k views • 110 slides
Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts. What is Economics in General?. Economics is the study of _________. Economics is the science of scarcity . Scarcity is the condition in which our wants are greater than our limited resources.

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1.1k views • 110 slides
Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts. What is Economics in General?. Economics is the study of _________. Economics is the science of scarcity . Scarcity is the condition in which our wants are greater than our limited resources.

★ ★ ★ ★ ★

630 views • 63 slides
Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts

Unit I: Basic Economic Concepts. What is Economics in General?. Economics is the study of _________. Economics is the science of scarcity . Scarcity is the condition in which our wants are greater than our limited resources.

★ ★ ★ ★ ★

686 views • 63 slides
Unit 1: Basic Economic Concepts

Unit 1: Basic Economic Concepts

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417 views • 40 slides
Unit 1: Basic Economic Concepts

Unit 1: Basic Economic Concepts

Unit 1: Basic Economic Concepts. REVIEW. Explain relationship between scarcity and choices Differentiate between positive & normative Differentiate between price and cost Differentiate between consumer and capital goods Give examples of each of the 4 Factors of Production Define tradeoffs

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570 views • 33 slides
Unit 1: Basic Economic Concepts

Unit 1: Basic Economic Concepts

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345 views • 32 slides

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