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File: Study Pdf 120212 | Prinsip Ekonomi
c h a p t e r 1 ten principles of economics p r i n c i p l e s o f economics n gregory mankiw premium powerpoint ...

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   C H A P T E R 1
     Ten Principles of Economics
               P R I N C I P L E S   O F
            Economics
                    N. Gregory Mankiw
              Premium PowerPoint Slides 
                   by Ron Cronovich
          © 2009 South-Western, a part of Cengage Learning, all rights reserved
   In this chapter, 
   look for the answers to these questions:
    What kinds of questions does economics address?
    What are the principles of how people make 
     decisions? 
    What are the principles of how people interact?
    What are the principles of how the economy as a 
     whole works? 
                                                       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 to hire
       how society decides how to divide its resources 
        between national defense, consumer goods, 
        protecting the environment, and other needs
   TEN PRINCIPLES OF ECONOMICS                         2
   The principles of 
   HOW PEOPLE 
  MAKE DECISIONS
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...C h a p t e r ten principles of economics i n l s o f gregory mankiw premium powerpoint slides by ron cronovich south western part cengage learning all rights reserved in this chapter look for the answers to these questions what kinds does address are how people make decisions interact economy as whole works is about scarcity limited nature society resources study manages its scarce g decide buy much work save and spend firms produce many workers hire decides divide between national defense consumer goods protecting environment other needs...

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