• 1.4 The Basic Economic Problems • 1.5 Concept of Opportunity Cost • 1.6 Production Possibility Curve (PPC) • 1.7 Review Questions
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西方经济学--英文版
1.1 What is Economics?
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西方经济学--英文版
1.5 Concept of Opportunity Cost
• Opportunity cost of satisfying a want is the next best alternative that has to be forgone, (i.e. the cost of giving up something in order to obtain something else.)
PPT文档演模板
西方经济学--英文版
Nature and scope of economics
• 1.1 What is Economics? • 1.2 Various Definitions of Economics • 1.3 Branches of Economics
– Microeconomics – Macroeconomics
– ii) How or by what method goods & services should be produced? • This concerns with choosing the most efficient method of production.
– iii) For whom are goods & services to be produced, i.e. who are to enjoy the goods & services produced? • This concerns with the distribution of such goods & services.
