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2015.1

Published on Mar 16, 2016

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PRESENTATION OUTLINE

1.

chpt 1

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2.

Resources

  • land
  • labor
  • capital
  • entrepeneurship
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3.

Macroeconomics

Microeconomics
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4.

People are rational
and self-interested

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5.

Opportunity Cost

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6.

Production Possibility Curve

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7.

Direct and Indirect Costs

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8.

Invisible Hand

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9.

Sugar Tariffs

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10.

Helmet law

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11.

Rent Control

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12.

Marginal Decisions

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13.

Average Costs
Marginal Costs

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14.

Half-Empty Flights

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Scott Matthews