MICROECONOMICS C718

Microeconomics Concepts and Videos Unit 1: Basic Economic Concepts UNIT 1 Overview- Introduction  Scarcity  Microeconomics vs. Macroeconomics  Positive vs. Normative Economics  Self-Interest and Incentives  Marginal Analysis  Opportunity Cost and Trade-offs  Four Factors of Production  Capital Goods and Future Growth VIDEO 1.1- Production Possibilities Curve  Efficiency  Straight vs. Bowed PPC  Law of Increasing Opportunity Costs VIDEO 1.2- Shiftin...