9681790
Description
Mind Map by ANGEL DAVID PORRAS RAMIREZ, updated more than 1 year ago
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Created by ANGEL DAVID PORRAS RAMIREZ
over 6 years ago
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WHAT'S ECONOMY?
- An entire network of producers,
distributors, and consumers of goods
and services in a local, regional, or
national community
- Studies
- choices and consecuences
- Made by individuals and
businesses, and the influence of
government on those choices
- Microeconomics
- Microeconomics
- effects on the national and global
economy of the choices that individuals,
businesses, and governments make
- Macroeconomics
- Macroeconomics
- Made by individuals and
businesses, and the influence of
government on those choices
- choices and consecuences
- two big questions
- What, How & for whom,
goods, services and
products are
produced?
- What should
we produce?
- How should
we produce it?
- For whom should
we produce it?
- What should
we produce?
- When do choices made in
the pursuit of
self-interestalso promote
the social interest?
- You make choices that are in
your self-interest—choices that
you think are best for you.
- Choices that are best for
society as a whole are said to
be in the social interest.
- You make choices that are in
your self-interest—choices that
you think are best for you.
- What, How & for whom,
goods, services and
products are
produced?
- way of thinking
- Choices and Tradeoffs
- Opportunity Cost
- Choosing at the Margin
- Marginal Benefit
- Marginal Cost
- Marginal Benefit
- Choices and Tradeoffs
- A Social Science
- positive statements
- normative statements
- positive statements
- Observation and Measurement
- Studies
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