ECO 365 Week 1 participation Principles of Microeconomics, Ch. 1: Ten Principles of Economics

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ECO 365 Week 1 participation Principles of Microeconomics, Ch. 1: Ten Principles of Economics
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ECO 365 Week 1 participation Principles of Microeconomics, Ch. 1: Ten Principles of Economics

Read Ch. 1 of Principles of Microeconomics:

  • 1-1 How People Make Decisions, pp. 4-8
  • 1-2 How People Interact, pp. 9-11
  • 1-3 How the Economy as a Whole Works, pp. 12-15 

Consider the following as you read:

  1. Methods of understanding and applying the Ten Principles of Economics.
  2. Consider how economics are applied in a society of consumers.
  3. Consider how limited resources apply to an expanding society.
  4. Consider how the economy reflects the behavior of the individuals who make up the economy