Introduction to Economics
Learn about the fundamental concepts and theories in economics, including scarcity, specialization, trade, and the use of models to understand economic issues, as well as the history and importance of the subject in today’s globalized world.
Introducing Economics
What is Economics, and Why is It Important?
The Problem of Scarcity
The Division of and Specialization of Labor
Why the Division of Labor Increases Production
Trade and Markets
Why Study Economics?
Key Concepts and Summary
Microeconomics and Macroeconomics
Microeconomics
Macroeconomics
Key Concepts and Summary
How Economists Use Theories and Models to Understand Economic Issues
Key Concepts and Summary
How Economies Can Be Organized
Regulations: The Rules of the Game
The Rise of Globalization
Key Concepts and Summary
The Use of Mathematics in Principles of Economics
Algebraic Models
Growth Rates
Displaying Data Graphically and Interpreting the Graph
Key Concepts and Summary