Microecon Midterm PDF
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This document is a chapter about economics. It discusses the aims and methodology of economics and describes how economists approach the subject as scholars.
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Copyright © 2019 Pearson Education, Ltd. All Rights Reserved You’re in school! Did you make the right decision? Copyright © 2019 Pearson Education, Ltd. All Rights Reserved Getting Started 1...
Copyright © 2019 Pearson Education, Ltd. All Rights Reserved You’re in school! Did you make the right decision? Copyright © 2019 Pearson Education, Ltd. All Rights Reserved Getting Started 1 CHAPTER CHECKLIST When you have completed your study of this chapter, you will be able to 1 Define economics and explain the questions that economists try to answer. 2 Explain the ideas that define the economic way of thinking. 3 Explain how economists go about their work as social scientists and policy advisers. Copyright © 2019 Pearson Education, Ltd. All Rights Reserved 1.1 DEFINITION AND QUESTIONS All economic questions and problems arise because human wants exceed the resources available to satisfy them.
