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© 2010 Pearson Addison-Wesley Managerial Economics - Lecture 1 Dr. Abdullah Alharbi Basic Concepts of Economics Introduction:
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.
© 2010 Pearson Addison-Wesley. Definition of Economics All economic questions arise because we want more than we can get. Our inability to satisfy all.
WHAT IS ECONOMICS ABOUT?. ECONOMY We often come across statements such as “The government is attempting to reduce inflation and strengthen the economy”
