Economic Methodology and the Economic Problem

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Classic View

Economic Methodology

The Nature and Purpose of Economic Activity

Economic Resources

Scarcity, Choice and the Allocation of Resources

Production Possibility Diagrams

Economic Methodology

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Supply and Demand

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Macroeconomics

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Failures of the Invisible Hand

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Public Goods and Collective Action

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Conclusion

Prof. Avinash Dixit, Princeton University

The Nature and Purpose of Economic Activity

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

What is the Economic Problem?

Dr Simon Halliday, Bristol University

Economic Resources

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

Wants, Needs, and Types of Goods

Dr Simon Halliday, Bristol University

Scarcity, Choice and the Allocation of Resources

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

What are Opportunity Costs?

Dr Stefania Simion, Bristol University

Production Possibility Diagrams

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

What are Opportunity Costs?

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

What is a Production Possibility Curve?

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

Efficiency and the Production Possibility Curve

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

Shifts in the Production Possibility Curve

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

How we use a Production Possibility Curve to illustrate Opportunity Costs?

Dr Stefania Simion, Bristol University

MICRO – OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVES

Why is a Production Possibility Curve curved?

Dr Stefania Simion, Bristol University

Contents

Economic Methodology

The Nature and Purpose of Economic Activity

Economic Resources

Scarcity, Choice and the Allocation of Resources

Production Possibility Diagrams