ECON 2000 Chapter : Ch 1 Outline
Document Summary
Chapter 1: economics: the core issues: the goals of this course. To understand how the economy really works. To determine how markets shape economic outcomes. To examine the role that government can and does play in (re)shaping economic performance. To understand how we ourselves can make better economic decisions. * emphasize the interaction of market forces and government intervention in the marketplace. *emphasize that individuals are economic players who initiate action by making decisions: learning objectives, the core issues wants using the limited resources available. There are three core choices that confront every nation: Know how scarcity creates opportunity costs and forces economic choices. Know the three core economic questions that every society must answer. Know how market and government approaches to economic problems differ. For the united states, it is the collective behavior of the 310 million individuals who.
