TAILIEUCHUNG - 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. | Understanding Economics 2nd edition by Mark Lovewell and Khoa Nguyen Chapter 1 The Economic Problem Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. Chapter Objectives In this chapter, you will: 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 economic systems answer them. Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. * Economics Defined Economics is the study of how to distribute scarce resources among competing ends. Microeconomics focuses on individual consumers and businesses. Macroeconomics takes a broad view of the economy. Copyright © 2002 by McGraw-Hill Ryerson Limited. All rights reserved. * The Economic Problem Economists deal with the economic problem. Economic agents must .

• Kinh tế học
• Understanding economics
• Lecture Understanding economics
• Economic problem
• Economic systems
• Production possibilities model
• Production possibilities curve
• Reading and understanding economics
• Fiscal policy
• The international business environment
• Financial markets
• Financial institutions
• Featuring the demise
• National income accounts
• Gross Domestic Product
• Consumer price index
• Inflation’s effects
• Economic fluctuations
• Aggregate demand
• Stabilization policies
• Functions of money
• Money supply
• Monetary policy
• Expansionary monetary policy
• The foreign sector
• Balance of payments accounts
• Foreign trade
• Canada’s trade patterns
• Economic growth
• Growth strategies
• The demand curve
• The supply curve
• Inelastic demand
• Revenue changes
• Costs of production
• Productive efficiency
• Perfect competition
• Market structures
• Imperfect competition
• Monopolist’s demand
• Demand for resources
• Competitive labour market
• Income distribution
• Income inequality
• Introducing economics
• The economics
• Competition policy in action
• Market failure
• Government intervention
• Understanding business
• The dynamic business environment
• Taking risks
• Global markets
• Demanding ethical
• Socially responsible behavior
• Master Thesis in Economics
• Master Thesis in Economics sample
• Manufacturing Engineers
• Risk Management
• The Value Of Risk Management
• The Pharmaceutical Industry
• The economic impact
• Economic Crisis
• Economic solutions
• Natural Systems
• Understanding Transformations
• Panarchy
• conservation biology
• ecological economics
• environmental policy
• The economics of money
• Financial system
• Understanding interest rates
• The stock market
• Rational expectations
• The efficient market hypothesis
• Financial crises