PPT-What is Economics? What is Economics?

The study of how people seek to satisfy their needs and wants by making choices Relationship between Economics and Scarcity What is Scarcity What is Scarcity Economic situation where there are . Within these two disciplines there are many more specific topics that economists study H owever in order to understand any economic topic in depth an economist must have a thorough understanding of both major economic disciplines For investors havi Sue L. T. McGregor PhD Professor. Docent in Home Economics. University of Helsinki, 2012. Home economics was born at the apex of Cartesian-Newtonian thinking. This thinking has held sway for over 300 years and deeply influenced the trajectory of the evolution of the home economics profession (founded 113 years ago, between 1899-1909 in Lake Placid, NY). Rosemarie Nagel . Universitat Pompeu Fabra. , . ICREA, BGSE . April 2012 . Course content. (in red: replication of experiment). Week 1. Introduction . guessing game. Week 2. Bargaining/public goods . Brochure Project. Essential Questions: . How does specialization lead to economic interdependence?. How do forces of globalization affect international markets?. After reading the instructions…. Go to . Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. 1. Behavioral Economics. The model of economic behavior we have considered . in this course is . restrictive in a number of ways. Economic agents are assumed to be perfectly rational. Agents are assumed to perfectly understand risk and uncertainty. Anand S. Rao. September 23. rd. , 2008. For more information contact:. Anand S. Rao. Partner. Anand.Rao@diamondconsultants.com. Mobile: 617.633.8354. Agenda. What is Behavioral Economics (BE)?. What is the relevance of BE in Health/Wealth Decisions?. : www.iata.org/economics 1 CARGO CHARTBOOKOVERVIEW IATA Economics: www.iata.org/economics 2 Cargo eChartbook – Q 1 2015 Economic Outlook & Traffic GrowthThe global economy is expected to grow fa Edina . Sinanovic. Health Economics Unit. University of Cape . Town. May 2011. Copyright: Dr Edina Sinanovic. Outline. The . scope of health economics. Health Economics Unit, UCT. research. teaching. Keynes-Hayek . Rap Videos. Keynes-Hayek rap . videos:. Russell . Roberts. , a Professor of Economics at George Mason University and filmmaker . John . Papola. developed two . exciting . rap videos that highlight the . Objectives. To understand the concept ceteris paribus. To understand the difference between positive and normative statements. Homework: Explain the difference between positive and normative statements using examples from a current article of your choice.. Meaning. Scope. Importance. Limitations. Features. Assumptions. Relation between Micro and Macro Economics. Difference between Micro and Macro Economics. Meaning of Macro Economics. The word Macro has origin in Greek word Macros which means large.. Laibson. & List, 2015). Definition. Introduction to Behavioral Economics. www.EconEdLink.org . 2. System 1 – “operates automatically and quickly, with little or no effort and no sense of voluntary control.”. Sophomore Open House. March 31, 2023. Why Study Economics?. Intellectual reasons. . Economics is a unique combination of. Scientific method. Social concerns. Practical reasons. Good starting point for professional schools. .