Chapter 1 Preliminaries. Chapter 1: PreliminariesSlide 2 Preliminaries Microeconomics deals with: Behavior of individual units When Consuming How we.
FOOD ENGINEERING DESIGN AND ECONOMICS CHAPTER IV Engineering Economics.
Scarcity and the Science of Economics “We witness scarcity with each year’s “hot” new product.”
Chapter 1 Preliminaries. Chapter 1: PreliminariesSlide 2 Topics to be Discussed The Themes of Microeconomics What Is a Market? Real Versus Nominal Prices.
Economics Chpt 1-1 Scarcity and the Science of Economics.
1 Economics: A Contemporary Introduction 7th Edition by William A. McEachern PowerPoint Slides prepared by Dale Bails Christian Brothers University © 2006.
Mr. RizzoUS: The Great Depression Section Overview The 4 th quarter starts today-new seats Easter Break HW - those of you going to the E- retreat I will.
What Was “It” that Robbins Was Defining? David Colander Middlebury College.
Ncert XII Micro Economics
Unit One Introduction to Economics Limits, Alternatives and Choices.
Welcome! Econ A494 Math Econ & Advanced Micro Theory Spring 2013 Prof. Jim Murphy.
AGE OF INDUSTRY. ESSENTIAL QUESTION How do people live before changing lifestyles in an Age of Industry?