DiscoverPrinciples of Macroeconomics 2014Choice, Scarcity and Tradeoffs in Economics
Choice, Scarcity and Tradeoffs in Economics

Choice, Scarcity and Tradeoffs in Economics

Update: 2014-01-092
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We went over the fundamental choice framework of microeconomics including consumer choice and budget constraints. We also examined trade offs and choice over time by looking at interest rates and compound interest. Finally, we addressed macro level trade offs by examining the Production Possibilities Frontier (PPF).
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Choice, Scarcity and Tradeoffs in Economics

Choice, Scarcity and Tradeoffs in Economics

Ann Stevens