Banjonomics: An Introduction to the World of Economic Thinking Mark C. Schug, Ph.D. University of Wisconsin- Milwaukee February 5, 2010.
NEXT The Economic Way of Thinking. NEXT Chapter 1: The Economic Way of Thinking Scarcity is the situation that exists because wants are unlimited and.
Regulation and Antitrust Law CHAPTER 14. After studying this chapter you will be able to Explain the economic theory of government and how government.
WHAT IS ECONOMICS? 1 CHAPTER. Objectives After studying this chapter, you will be able to: Define economics and distinguish between microeconomics and.
What Is Economics? CHAPTER 1. After studying this chapter you will be able to Define economics and distinguish between microeconomics and macroeconomics.
REGULATION AND ANTITRUST LAW 14 CHAPTER. Objectives After studying this chapter, you will able to Explain how government arises from market failure and.
CHAPTER 1 The Economic Way of Thinking. KEY CONCEPTS Economics study of how people use resources to satisfy wants how individuals/societies choose to.
Overview The Economic Way of Thinking. The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is.
UNIT I – Basic Economic Concepts Chapters – Introduction, 1, and 2.
Copyright © 2004 South-Western/Thomson Learning 2 Thinking Like an Economist.
Introduction to Personal Finance Presented by The WWU Accounting Students Welcome.
Pump Primer Using your textbook, define insatiability and scarcity.
