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Foundations of Microeconomics: Scarcity, Choice, and Economic Models

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Introduction to Economics

  • Guided course
    Hello!
    00:16

People Are Rational

  • Guided course
    People Are Rational
    01:32

People Respond to Incentives

  • Guided course
    Economic Incentives
    01:40

Scarcity and Choice

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    Defining Economic Terms:Scarcity, Trade-offs, and Opportunity Costs
    02:39

Positive and Normative Analysis

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    Identifying Statements
    02:48
  • Guided course
    Positive Statements vs. Normative Statements
    04:35

Microeconomics vs. Macroeconomics

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    Definition of Economics:Micro vs. Macro
    02:16