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Introduction to Economics - Coggle Diagram
Introduction to Economics
Welcome
Teaching Staff
Prescrbied Text
Lectures & Tutorials
Assessment Details
Canvas
Intro to Economics
Traffic Congestion Problem
Objectives
What is Economics
Scarcity: The Economic Problem
3 Fundamental Questions
What?
How?
For Whom?
Opportunity Cost
Economic Way of Thinking
6 key ideas
Tradeoffs
Rational Choices
Benefit & Cost
Choosing at the margin
Choices & Incentives
Economic Models
Ceteris Parabus
Cause & Effect
Economics As a social Science
Normative & Positive Statements
Branches
Microeconomics
Macroeconomics