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Thinking Like an Economist: Methodology, Models, and Graphical Analysis
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Introduction to Economics
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04:30
Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
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Guided course
02:04
Definition of Economics: Micro vs. Macro
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01:42
Economic Systems
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Positive and Normative Statements
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04:35
Positive Statements vs. Normative Statements
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02:48
Identifying Statements
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198
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Circular Flow Diagram
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01:32
Households and Firms
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04:20
The Circular Flow Diagram
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Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
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06:23
Understanding the PPF
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04:48
PPF - Attainable and Efficient
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Graphing Review
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04:17
Plotting Points on a Graph
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07:33
Drawing Curves and Shifting Curves
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07:47
Calculating Slope of a Straight Line
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