100+ Positive versus normative economics PowerPoint (PPT) Presentations, Positive versus normative economics PPTs

Positive versus normative economics - PowerPoint PPT Presentation

Chapter 1 The Nature of Economics

Chapter 1 The Nature of Economics. Introduction. Nearly half of the babies born in Hong Kong Hospitals today have mothers who are classified as tourists visiting from the Chinese mainland. How can fundamental principles of economics explain patterns of social behavior such as this?

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Eco 6351 Economics for Managers Chapter 1. The Challenge of Economics

Eco 6351 Economics for Managers Chapter 1. The Challenge of Economics. Prof. Vera Adamchik. Chapter 1 Outline. Scarcity Production possibility frontier Production efficiency Opportunity cost Economic growth Working with graphs. Scarcity: The Core Problem. Resources and Wants.

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775 views • 61 slides

Learning Objectives

Learning Objectives. Discuss the difference between microeconomics and macroeconomics Evaluate the role that rational self-interest plays in economic analysis Explain why the study of economics is a science Distinguish between positive and normative economics. Defining Economics. Economics

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Positive versus normative economics - PowerPoint PPT Presentation

Chapter 1 The Nature of Economics

Eco 6351 Economics for Managers Chapter 1. The Challenge of Economics

Learning Objectives