经济学原理
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economic outcomes.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Ten Principles of Economics
How the Economy as a Whole Works
8. The standard of living depends on a country's production.
9. Prices rise when the government prints too much money.
10. Society faces a short-run tradeoff between inflation and unemployment.
Ten Principles of Economics
How People Interact
5. Trade can make everyone better off. 6. Markets are usually a good way to
organize economic activity. 7. Governments can sometimes improve
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
A household and an economy face many decisions:
Who will work? What goods and how many of them should be produced? What resources should be used in production? At what price should the goods be sold?
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Society and Scarce Resources: The management of society's resources is important because resources are scarce.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Economists study. . .
How people make decisions. How people interact with each other. The forces and trends that affect the economy as a whole.
up to get it. 3. Rational people think at the margin. 4. People respond to incentives.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Ten Principles of Economics
Chapter 1
Copyright ? 2001 by Harcourt, Inc . All rights reserved. Requests for permission to make copies of any part of the
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Байду номын сангаас
Ten Principles of Economics
How People Make Decisions
1. People face tradeoffs. 2. The cost of something is what you give
A Lecture Presentation in PowerPoint to Accompany
Principles of Economics
Second Edition by
N. Gregory Mankiw
Prepared by Mark P. Karscig, Department of Economics & Finance, Central Missouri State University.
work should be mailed to: Permissions Department, Harcourt College Publishers, 6277 Sea Harbor Drive, Orlando, Florida 32887-6777.
Economy. . .
. . . The word economy comes from a Greek word for “one who manages a household.”
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Scarcity . . .
. . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Economics
Economics is the study of how society manages its scarce resources.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Ten Principles of Economics
How the Economy as a Whole Works
8. The standard of living depends on a country's production.
9. Prices rise when the government prints too much money.
10. Society faces a short-run tradeoff between inflation and unemployment.
Ten Principles of Economics
How People Interact
5. Trade can make everyone better off. 6. Markets are usually a good way to
organize economic activity. 7. Governments can sometimes improve
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
A household and an economy face many decisions:
Who will work? What goods and how many of them should be produced? What resources should be used in production? At what price should the goods be sold?
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Society and Scarce Resources: The management of society's resources is important because resources are scarce.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Economists study. . .
How people make decisions. How people interact with each other. The forces and trends that affect the economy as a whole.
up to get it. 3. Rational people think at the margin. 4. People respond to incentives.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Ten Principles of Economics
Chapter 1
Copyright ? 2001 by Harcourt, Inc . All rights reserved. Requests for permission to make copies of any part of the
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Байду номын сангаас
Ten Principles of Economics
How People Make Decisions
1. People face tradeoffs. 2. The cost of something is what you give
A Lecture Presentation in PowerPoint to Accompany
Principles of Economics
Second Edition by
N. Gregory Mankiw
Prepared by Mark P. Karscig, Department of Economics & Finance, Central Missouri State University.
work should be mailed to: Permissions Department, Harcourt College Publishers, 6277 Sea Harbor Drive, Orlando, Florida 32887-6777.
Economy. . .
. . . The word economy comes from a Greek word for “one who manages a household.”
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Scarcity . . .
. . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have.
Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc.
Economics
Economics is the study of how society manages its scarce resources.