Содержание
- 2. Lecture outline. 1.The subject of Economic Theory. Three basic problems of daily living 2. Methods of
- 3. 3. Positive and normative Economics 4.Microeconomics and Macroeconomics
- 4. Economics is the study of how society decides what, how, and for whom to produce.
- 5. Economy - is a special sphere of social life with its own laws, problems and contradictions.
- 6. Economic theory is a science which studies production relations between economic agents in the process of
- 7. Thinking Like an Economist Every field of study has its own terminology Mathematics integrals ❖ axioms
- 8. Thinking Like an Economist Economics trains you to. . . . Think in terms of alternatives.
- 9. The subject of Economics is human behaviour in the production, distribution, exchange and use of goods
- 10. Three basic problems of Economics What goods and services to produce How to produce these goods
- 11. Trends and schools of economic theory Neoclassical school (since the end of XIX century until the
- 12. Trends and schools of economic theory 1970-1980 - excessive state intervention in the economy stops the
- 13. Positive economics The aim of positive economics is to explain how society makes decisions about consumption,
- 14. Normative economics It offers recommendations based on value judgements.
- 15. POSITIVE VERSUS NORMATIVE ANALYSIS Positive statements are statements that attempt to describe the world as it
- 16. Microeconomics - is concerned with the specific economic units and detailed consideration of the behavior of
- 17. The main key words of microeconomics Product Price Income Revenue Costs Profit Company Firm Factory Consumer
- 18. The main key words of macroeconomics GNP GDP Unemployment Inflation Consumer goods Budget Export Import Trade
- 19. Methods of economic theory - methods of a scientific abstraction - is based on abstraction of
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