Business Chapter1
Lecture1 Basic Economic Concepts (1)
Basic economics ppt
MBMC Thinking Like An Economist. MBMC Copyright c 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1: Thinking Like an Economist Slide.
Copyright (c) 2000 by Harcourt, Inc. All rights reserved. What is Microeconomics? Economics –The study of the allocation of scarce resources among alternative.
WHAT IS ECONOMICS ? Lesson 1 1. THE FIRST TWO TERMS… ECONOMICS = ECONOMIE (het vak, de wetenschap) 2.
Fundamental Economics Vocabulary. Scarcity O The fact that resources are limited. O Examples of Scarcity: water, oil, fertile soil.
Today we will learn: Daily TEKS Objectives February 28, 2014.
A consequence of scarcity is that people must make choices and compete for resources. –Resources (human, natural, capital) are needed to produce goods.
