多伦多大学大一经济学 Lecture 01 - ECO100.pdfVIP

ECO 100Y I d intro uct on to E iconom cs Lecture 1: Introduction ? Gustavo Indart Slide 1 What is Economics? Economics is the science that studies how resources are used in order to satisfy human wants or needs Resources are characterized for being scarce and human wants for being unlimited There are 3 main types of resources: natural resources (land, minerals, water, etc.) i l ( l hi b ildi )cap ta resources too s, mac nery, u ngs, etc. human resources (mental and physical) ? Gustavo Indart Slide 2 Commodities In a capitalist economy, resources are used to produce commodities (i e