B200.F09.W01-2.PowerPoint

B200.F09.W01-2.PowerPoint - Welcome to BAUD 200 Business...

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Welcome to BAUD 200 Business Economics
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Index Cards: Front BUAD 200 Fall 09 (Mon./Wed.) Name: (underline what you go by) Email: (the one you read) Phone: Major: Source of News: Favorite Book: Fiction or Non
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Index Card: Back Most recent Job: Describe activities Expectations 6 years from now Message to ME
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ECONOMICS Economics is a Science that analyzes how Individuals behave, in a world of Scarcity.
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Science is Objective or Positive Positive : Describes what is or will be Objective Factual Testable Descriptive Normative : Describes what should or ought to be Subjective Contains a value judgment Opinion
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Construction of Theory Abstractions Definitions
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Definitions: Words to describe reality Children learn words in pairs ( in ) ( out ) ( up ) ( down ) ( left ) ( right ) ( Hot ) ( Cold ) Alternative perspective: The world exists in a continuum
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Definitions break up the continuum into parts Red Yellow Blue Orange Green Red Orange Yellow Green Blue Indigo Violet
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B200.F09.W01-2.PowerPoint - Welcome to BAUD 200 Business...

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