All of Chapter 1 Notes including objectives, vocabulary, info, key points, and summaries. Topics include scarcity, opportunity cost, incentives, efficiency, correlation & causation, models, and positive/normative analysis.
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Learn about these in ch.1.1-1.4 1.1 Scarcity Q1: What are the wants and constraints of those involved? 1.2 Opportunity Cost and Marginal Decision Making Q2: What are the trade-offs? 1.3 Incentives Q3: How will others respond? 1.4 Efficiency Q4: Are resources being allocated in the best way p...
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Add to cartLearn about these in ch.1.1-1.4 1.1 Scarcity Q1: What are the wants and constraints of those involved? 1.2 Opportunity Cost and Marginal Decision Making Q2: What are the trade-offs? 1.3 Incentives Q3: How will others respond? 1.4 Efficiency Q4: Are resources being allocated in the best way p...
Notes on Ch.1.5-1.7, topics listed below An Economist’s Problem-Solving Toolbox 1.5 Correlation and Causation 1.6 Models 1.7 Positive and Normative Analysis Test Yourself Notes plan is title, objective, vocab, info, key points, and summaries.
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Add to cartNotes on Ch.1.5-1.7, topics listed below An Economist’s Problem-Solving Toolbox 1.5 Correlation and Causation 1.6 Models 1.7 Positive and Normative Analysis Test Yourself Notes plan is title, objective, vocab, info, key points, and summaries.
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