What is Economics and What is the Economic Way of Thinking?
Question for Thought: Economics is part of the human condition, True or False?
- Course Syllabus / Website (available at econ201online.umwblogs.org)
- Waymaker Module 1: Introduction to Economics and Scarcity
- Robert Heilbroner, The Making of Economic Society, Introduction and Chapter 1
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).