Nature of Economics - Economics

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Contents

Economics as a Social Science

The Economic Problem

Production Possibility Frontiers

Free Market Economies, Mixed Economies and Command Economies

Economics as a Social Science

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University

The Economic Problem

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

What is the Economic Problem?

Dr Simon Halliday, Bristol University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

Wants, Needs, and Types of Goods

Dr Simon Halliday, Bristol University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

What is Economics? And how do we think about production?

Dr Simon Halliday, Bristol University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

How do economic actors make decisions?

Dr Simon Halliday, Bristol University

Production Possibility Frontiers

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

Free Market Economies, Mixed Economies and Command Economies

MICRO – HOW ECONOMISTS THINK

What is Economics?

Prof. Avinash Dixit, Princeton University