Economic schools - PowerPoint PPT Presentation

Who wants to be an economist?

Who wants to be an economist?. Zero-sum thinking. Refers to the idea that there is a winner and loser in all transactions, kind of like a tennis or boxing match So if Bill Gates is rich, he must have taken that wealth from others

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ECONOMIC NOTIONS

ECONOMIC NOTIONS Economics and Macroeconomics Macroeconomic environment decissions of economic units: what, how, to whom, when maximization: of utility, profits etc. outcomes: inflation, unemployment, disequlibria economic models Quantity=f(Prices, Incomes)

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