All articles
Videos
Power Points
I.
II.
III.
IV.
V.
VI.
VII.
Scarcity
A. Limited resources
B. Unlimited desires
C. Producers
1. Fill scarcity + create scarcity (making us need it)
D. Consumers
Greed + fear drive economics
Spectrum between capitalism and c
Brexit:
What are the economists saying about the economic effects of the British separation from the
EU? Will Britain be shut out of scads of business? Will Europe suffer the loss of British expertise in
areas like finance? Is it really a problem - after
I.
II.
Macro Giants
A. Adam Smith (1723-1790)
1. Moral Sentiments
- why people share wealth
2. The Wealth of Nations
a) Division of labor
(1) Lead to boredom, inefficiency
b) Natural desire to trade
c) Self-interest
3. Value
a) Use - water
b) Exchange - d
