Submitted by indianoutlaw on February 12, 2008

• Category: Business
• Words: 10381
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What Economics Is About

CHAPTER 1
What Economics Is About
Chapter 1 introduces students to economics as a way of thinking—a set of techniques used to observe, analyze, and identify problems and their possible solutions. First, the chapter introduces a few key economic concepts and then incorporates knowledge of these concepts into a definition of economics. The chapter introduces the economic way of thinking by presenting key concepts in economics and categories of economics. There are two appendices to this chapter. Appendix A covers working with graphs—teaching the student how to read a graph, how to derive the slope of both a line and a curve, and introducing the student to bar graphs, pie...

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