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2 of 36 © 2014 Pearson Education, Inc. 3 of 36 © 2014 Pearson Education, Inc. 1 PART I INTRODUCTION TO ECONOMICS The Scope and Method of Economics C.
What is Economics? Economics is the social science that study how individuals and societies choose to use the scarce resources. Example: When should it.
Why Study Economics? To Learn a Way of Thinking To Understand Society To Understand Global Affairs To Be an Informed Voter The Scope of Economics Microeconomics.