About this document
Introduction to Economics Cheat Sheet by Lea Bondoc Lim is a document available to read on EtoBox.
This document provides an introduction to key economic concepts in 3 sections: [1] It defines economics as the study of how resources are allocated to meet individual, government, and firm needs within an economy. It also distinguishes between microeconomics which examines individuals and firms, and macroeconomics which examines the overall economy. [2] It outlines economic methodology including positive economics which makes factual statements and normative economics which considers subjective opinions.
- Author
- Lea Bondoc Lim
- Language
- EN