Chapter 1 - Ten Principles of Economics

Hi, we're now done with the 10 Principles of Economics.  Just want to make a recap on that:

1st Principle  :  People Face Trade offs
2nd Principle:   The Cost of Something is what you give up to get it
3rd Principle:   Rational People Think at the Margin
4th Principle:    People Respond to Incentives
5th Principle:   Trade Can Make Everyone Better Off
6th Principle:   Markets are Usually a Good Way to Organize Economic Activity
7th Principle:   Government can sometimes Improve Economic Outcomes
8th Principle:   Standard of Living depends on the countries production
9th Principle:    Prices rise when the government prints too much money
10th Principle:  Society faces a short-run trade off between unemployment and inflation

You may download the powerpoint presentation of my lecture by clicking the link below:

CHAPTER 1 LECTURE

'See you in my class..  Sayonara :)

Welcome Econ Students of CNSC !

Hello Guys! 'Glad to have you here in my blog.  WELCOME! From this day on... you may come and visit me for more updates and info about our Econ 1 subject.  For a starter, click the link below for our Course Outline:

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