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What is Understanding Economic Principles and Concepts about?

This document provides an outline for teaching the basic economic problem and key microeconomic concepts. It includes learning objectives, suggested teaching activities, and extension activities. The learning objectives cover the nature of the economic problem of finite resources and unlimited wants. It also covers the factors of production, their rewards, mobility and quantity/quality. Finally, it defines opportunity cost and how it influences decision making. The suggested teaching activities aim to expla

Author

yi

Language

EN