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2015.1

Published on Mar 16, 2016

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PRESENTATION OUTLINE

chpt 1

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Resources

  • land
  • labor
  • capital
  • entrepeneurship
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Macroeconomics

Microeconomics
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People are rational
and self-interested

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Opportunity Cost

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Production Possibility Curve

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Direct and Indirect Costs

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Invisible Hand

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Sugar Tariffs

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Helmet law

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Rent Control

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Marginal Decisions

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Average Costs
Marginal Costs

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Half-Empty Flights

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