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DAWSON COUNTY TEXAS, RUSSELL LEE, 03/1940 Economics is the study of how people allocate their limited resources to satisfy their unlimited wants. The ultimate purpose of economics is to understand the choices we make. Microeconomics is the part of economic analysis that studies individual decision making undertaken by individuals (or households) and by firms. Some of the terms we look at in this course are part of microeconomic analysis but our focus is on macroeconomics. Macroeconomics is the part of economic analysis that studies the behavior of the economy as a whole. It deals with economy-wide phenomena such as changes in unemployment, the general price level and national income. Our topics this semester are divided into five parts:
Those topics are found on the pages linked above. Too, I have included a really good summary of most of the topics in the course on the Lecture Review page linked above. It might be worth your time to look at that review before starting the course ... it will give you a good overview of where we're headed.
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Copyright © 1996 Amy S. Glenn |
