Topic One

What is Economics and What is the Economic Way of Thinking?

Question for Thought: Economics is part of the human condition, True or False?

Required Readings:

  • Course Syllabus / Website (available at econ201online.umwblogs.org)
  • Waymaker Module 1: Introduction to Economics and Scarcity

Additional Readings:

LEARNING OBJECTIVES FOR TOPIC 1:

  • You should be able to define economics, and explain why you should care about it.
  • You should be able to explain how economists analyze issues and problems (and how that method differs from the way others do it).

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