01GottIntroShow

01GottIntroShow - Ch. 1 What is economics? Study of how...

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1 Ch. 1 What is economics? Study of how society allocates its scarce resources to the production of goods and services in order to satisfy unlimited wants . [ Textbook – neoclassical ] Assumptions? Define “wants.” What creates our “wants?” What creates “scarcity?”
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2 How to use of these PowerPoint presentations? Do not try to copy all the slides. They are available on my website: http://fog.ccsf.edu/dlandes/ Click on “Economics 3: Micro” Then “Econ 3 PPt Slides” Don’t download more than one chapter ahead. (I make changes.) Also available on website: “ESL Students” Do not use these slides as a substitute for reading the book!
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3 Macro and Microeconomics Macroeconomics Aggregate (total) economy Economic growth Inflation and unemployment Fiscal and monetary policy Microeconomics Individual Units: Individual consumer Individual firm Structure of markets (perfect competition, monopoly) Labor markets
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This note was uploaded on 07/14/2010 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

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01GottIntroShow - Ch. 1 What is economics? Study of how...

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