Lecture Understanding economics (2nd edition): Chapter 1 - Mark Lovewell, Khoa Nguyen

Chapter 1 - The economic problem, after completing this chapter, students will be able to: Consider the economic problem that underlies the definition of economics; learn about the way economists specify economic choice; examine the production choices an entire economy faces, as demonstrated by the production possibilities model; analyze the three basic economic questions and how various answer them.

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Production possibilities model, Production possibilities curve