Micro ch2
Economics 12 Chapter 1 Notes. Economic Perspective Includes Scarcity & choice Purposeful behaviour Marginal analysis.
Basic Economic Concepts Scarcity, Opportunity Cost & PPC.
Office hours tomorrow 1:00 – 3:00. Economic Scarcity We must make choices Opportunity Cost: Fundamental Tool in the Economic Way of Thinking The value.
1 Some Tools of Economic Analysis Chapter 2 © 2006 Thomson/South-Western.
Basic Economic Concepts Scarcity, Opportunity Cost & PPC Capitalism Characteristics Supply and Demand.
Basic Economic Concepts