(微观经济学英文课件）Chap 1 Introduction.pptVIP

(微观经济学英文课件〕Chap 1 Introduction Scarcity . . . . . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have. 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