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outline_1 - example: going to college 3. Trade-off D. Three...

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Chapter 1 A. Syllabus in Detail B. Introduction: the basics 1. fundamental questions of economics a. Definitions b. What? How? For whom? c. Markets d. Microeconomics e. Macroeconomics C. More basics: Individual choice 1. Scarcity 2. Opportunity Cost ,
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Unformatted text preview: example: going to college 3. Trade-off D. Three Key Economic Ideas 1. Rationality 2. Economic Incentives 3. The Margin E. Normative and Positive Analysis What is and what ought to be...
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