Economics

Damelin (DCC)

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Introduction to economics
  • Introduction to economics

  • Summary • 10 pages • 2021
  • We introduce you to economics. We introduce you to important concepts of scarcity, choice and opportunity cost. We explain these concepts with the aid of a production possibilities curve. Next we use production possibilities curves to illustrate different situations. We explain why economics is a social science, the difference between micro￾ economics and macroeconomics, and the difference between positive and normative economics.
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