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Economics: Foundations and Models – Chapter 1 Study Notes
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Introduction to Economics
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00:16
Hello!
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People Are Rational
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01:32
People Are Rational
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Positive and Normative Analysis
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02:48
Identifying Statements
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04:35
Positive Statements vs. Normative Statements
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Allocative Efficiency, Productive Efficiency, and Equality
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01:17
Equality
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04:04
Efficiency and Productive Efficiency
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02:23
Allocative Efficiency
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Graphing Review
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02:36
Calculating Area of a Rectangle on Graph
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03:25
Calculating Slope of a Curve:Arc Method
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03:02
Interpreting Graphs (Part Two)
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Percentage and Decimal Review
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02:29
Calculating Percentage Change
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