Principle of Microeconomics. Dr. Ou Hu Webpage: www.as.ysu.edu/~ohu Office Hours :13:00-15:00, MTR and by appointment. Chapter 1: What is Economics?. Economics – the social science that s tudies how people (individuals, firms, government) make choices under the condition of scarcity.
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Dr. Ou Hu Webpage: www.as.ysu.edu/~ohu
Office Hours:13:00-15:00, MTR and by appointment
Economics – the social science that studies how people (individuals, firms, government) make choices under the condition of scarcity.
Economic ways of thinking -
To apply those principles in the understanding of economic issues and in the decision-making processes faced by individuals, firms, and government.