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Agec 217: Economics

Agec 217: Economics. Instructor: David Perkis. Agec 217: Economics. Syllabus. Agec 217: Economics. Mathematics. Agec 217: Economics. What is Economics?. Agec 217: Economics. Is money needed in economics?. Agec 217: Economics. Can a caveman have an economy?. Agec 217: Economics.

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Agec 217: Economics

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  1. Agec 217: Economics Instructor: David Perkis

  2. Agec 217: Economics Syllabus

  3. Agec 217: Economics • Mathematics

  4. Agec 217: Economics What is Economics?

  5. Agec 217: Economics Is money needed in economics?

  6. Agec 217: Economics • Can a caveman have an economy?

  7. Agec 217: Economics • Can a baby have an economy?

  8. Agec 217: Economics What is scarcity?

  9. Agec 217: Economics What items are scarce?

  10. Agec 217: Economics • Scarce items • Time • Land • Crude Oil

  11. Agec 217: Economics • Economics: the study of how people allocate resources in the presence of scarcity

  12. Agec 217: Economics • Positive Economics: explaining what is ... a statement of fact which one can attempt to prove or disprove • Normative Economics: stating what should be ... A statement of one’s values which cannot be proven or disproved

  13. Agec 217: Economics • Positive Statement: If we eliminate taxes, everyone will be wealthy.

  14. Agec 217: Economics • Normative Statement: It is desirable that everyone is wealthy.

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