(微观经济学英文课件）Chap 1 Introduction幻灯片课件.pptVIP

Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc. Principles of Economics by N. Gregory Mankiw About the authour N. Gregory Mankiw is professor of economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island. Reference books 1 . Economics by Pindyck 2.Principles of economics by Robert H. Frank and Ben S. Bernanke 3. Economics by Paul A. Samuelson a titan of economics,died in 2009 when he was 94 Assessment Component Weighting (%) Individual participation 15% Class Attendance 15% Final Examination – Closed Book 70% TOTAL 100% Introduction Thinking Like an Economist Chapter 2 Economics Economics is the study of how society manages its scarce resources. Such as: ? how people decide what to buy, how much to work, save, and spend ? how firms decide how much to produce, how many workers to hire ? how society decides how to divide its resources between national defense, consumer goods,protecting the environment, and other needs Microeconomics and Macroeconomics Microeconomics focuses on the individual parts of the economy. How households and firms make decisions and how they interact in specific markets Macroeconomics looks at the economy as a whole. How the markets, as a whole, interact at the national level. Every field of study has its own terminology Economics Supply Demand Elasticity Consumer Surplus Comparative advantage Opportunity cost Deadweight loss The Scientific Method 1.The Role of Assumptions Economists make assumptions in order to make the world easier to understand. Observation, Theory and More Observation! Uses abst