Economics ByN.GregoryMankiw PrinciplesofEconomicsPowerPointslidespreparedby: 5eN.GregoryMankiwAndreeaChiritescu ©2009CengageEasternIllinoisUniversity 1 TenPrinciplesofEconomics TenPrinciplesofEconomics •Economy–“oikonomos”(Greek) –“Onewhomanagesahousehold” ...
Microeconomic models of firms and households are based on principles of optimization—firms and households do the best they can given the constraints they face. For example, households choose which goods to purchase in order to maximize their utility, whereas firms decide how much to produce in ...
1 What Economics Is All About ? Scarcity: the limited nature of society’s resources ? Economics: the study of how society manages its scarce resources, e.g. ? how people decide what to buy, how much to work, save, and spend ? how firms decide how much to produce, how many workers...
CHAPTER 6 Supply, Demand, and Government Policies PRINCIPLES OF Economics N. Gregory Mankiw 热度: 数据库系统概念5e-chapter_7__relational_database_designppt课件 热度: Chapter 15 Debt and Taxes - About peopletamuedu:15章对债务和税收peopletamuedu ...
What are the principles of how people interact? What are the principles of how the economy as a whole works? What Economics Is All About Scarcity: the limited nature of society’s resources Economics: the study of how society manages its scarce resources, e.g. how people decide what to ...