TOPICS
Introduction to the
course
What is Economics?
Basic math and graphing
Math Quiz
OUTCOMES
Basic math
skills
How to find class
information
Explain and illustrate a direct
relationship between two variables, and define and
identify a positive sloping curve. (Appendix)
Explain and illustrate an
inverse relationship between two variables, and
define and identify a negative slope.
(Appendix)
Be able to calculate the slope of
a line.
Define economics and
describe the four components of the
definition:
social
science
choice
scarcity
maximizing satisfaction
What are economic
models and why do economists use them?
Explain the importance
of ceteris paribus in formulating economic
principles.
Differentiate between
microeconomics and macroeconomics.
Define and give
examples of the four types of resources (factors of
production) and know the payment for each
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