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Introducing the Economic Way of Thinking

Introducing the Economic Way of Thinking. C HAPTER. 1. EXHIBIT 1. T HREE C ATEGORIES OF R ESOURCES. EXHIBIT 2. T HE S TEPS IN THE M ODEL- B UILDING P ROCESS. EXHIBIT A-1. A D IRECT R ELATIONSHIP BETWEEN V ARIABLES. EXHIBIT A-2. A N I NVERSE R ELATIONSHIP BETWEEN V ARIABLES.

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Introducing the Economic Way of Thinking

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  1. Introducing the Economic Way of Thinking CHAPTER 1

  2. EXHIBIT 1 THREE CATEGORIES OF RESOURCES

  3. EXHIBIT 2 THESTEPS IN THE MODEL-BUILDING PROCESS

  4. EXHIBIT A-1 ADIRECT RELATIONSHIP BETWEEN VARIABLES

  5. EXHIBIT A-2 AN INVERSE RELATIONSHIP BETWEEN VARIABLES

  6. EXHIBIT A-3 AN INDEPENDENT RELATIONSHIP BETWEEN VARIABLES

  7. EXHIBIT A-4 THE SLOPE OF AN UPWARD-SLOPING CURVE

  8. EXHIBIT A-5 THE SLOPE OF A DOWNWARD-SLOPING CURVE

  9. CHANGES IN PRICE, QUANTITY, AND INCOME IN TWO DIMENSIONS EXHIBIT A-6

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