concepts · 5
- 01
Scarcity And The Central Problems
Why scarcity forces choices, and the three questions every economy must answer.
- 02
The Production Possibility Frontier
Show trade-offs and opportunity cost with the production possibility frontier.
- 03
Economic Systems
How planned, market and mixed economies answer the central problems.
- 04
Positive Vs Normative, Micro Vs Macro
The two ways of dividing up economics, and how to tell them apart.
- 05
Review: Introduction
Put the chapter together, and apply it to real situations.
