Economics (McConnell), 18th Edition

Chapter 1: Limits, Alternatives, and Choices (+ Appendix)

IN THIS CHAPTER YOU WILL LEARN:

  1. The definition of economics and the features of the economic perspective.


  2. The role of economic theory in economics.


  3. The distinction between microeconomics and macroeconomics.


  4. The categories of scarce resources and the nature of the economizing problem.


  5. About production possibilities analysis, increasing opportunity costs, and economic growth.


  6. (Appendix) About graphs, curves, and slopes as they relate to economics.


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