Thursday, September 22, 2016

Ch. 1 and 2 Review Sheet

In addition to the economic model practice from class today, you should study:


definition and purpose of economics
scarcity
needs/wants
marginalism
all other things equal assumption
mico/macro
positive/normative economics
macroeconomic goals
fallacies and logical problems in economics
comparative economic systems
components and relationships of the circular flow

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