Lc01f09 - Economics 102 Introduction to Microeconomics...

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Unformatted text preview: Economics 102 Introduction to Microeconomics Section 1 Prof. Douglas Blair Today s Agenda Central Themes of Economics Economics as a Social Science Administrative Matters Not enrolled yet? You must follow the standard drop-and-add procedure. I cannot give you special permission to enroll in this course. The Department of Economics does not give special permission for this course. Keep watching for openings in 102 sections. They will appear off and on. What is economics? Two ways to answer subject matter methods of analysis The subject matter of economics Economics is the study of mankind in the ordinary business of life. Alfred Marshall Alternatively Economics is the study of the use of scarce resources to satisfy unlimited human wants. Some basic economic themes... Scarcity What's your number? How much is enough? It may be more than you think: ''I had a fascinating conversation recently with Jann Wenner, the founder of...
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Lc01f09 - Economics 102 Introduction to Microeconomics...

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