Microeconomics Unit
Despite the fancy title, microeconomics is actually the simplest part of any economics class. It deals with economic issues on the smallest scale, the choices made by individual buyers and sellers. Simply put, this unit will deal with the economic principles that influence the economic decisions people make every day; what kind of or how much stuff to make, and what kind or how much stuff to buy. The most complicated (and therefore, important) part of this unit will be learning to speak like an economist. If you’ve been watching the news lately, I’m sure you’ve noticed that a good economist can make even the simplest things sound like rocket surgery. By the end of the next few weeks, you should be able to sift through all the complicated jargon that is “econospeak” and actually follow the economists interviewed on the news.
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Economics Textbook
Chapter 1: The Fundamentals of Economics Chapter 2: Choices in Individual Households Chapter 3: Choices in Business Presentations Basics of Demand Determinants of Demand Basics and Determinants of Supply Prices and Markets Labor Unions and Business Organizations |