microbook_3e-page4 - a small rural village x Most important...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Lecture 1 Introduction and Math Review Eric Doviak Principles of Microeconomics Helpful hints x Economics doesn’t have to be difficult x BUT. .. some people make x it difficult for themselves. x I did. x If a model is unclear, don’t try to think of an example from the $10 trillion US economy. x Instead, apply the model to
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: a small rural village. x Most important part of any economic model are the: ASSUMPTIONS x If you understand the assumptions of the model, you will understand the conclusions. x You will NOT understand the conclusions, if you don’t understand the assumptions. x WHEN READING, DON’T SKIP CHAPTERS! Page 4...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online