Personal finances
Lecture 1.pdf
ECONOMICS CHAPTER 1 SECTION 3 NEEDS AND WANTS NEEDS: a basic requirement for survival Ex. Food, shelter, and clothing WANTS: is a means of expressing.
The Foundation of Economics What is Economics? Economics is the branch of knowledge concerned with the production, consumption and transfer of wealth.
Economics “Econ, Econ” Econ. Introduction to Economics I WON THE LOTTERY! I’ll give you anything you want other than money. What do you want? Would your.
Chapter 1 - Consumers THE ENGINE THAT RUNS THE ECONOMY.
Economic Decisions
