Class Notes (836,409)
Canada (509,776)
Langara College (1,809)
Economics (37)
ECON 2210 (30)
M.Yu (30)
Lecture

What is economics.docx

3 Pages
95 Views
Unlock Document

Department
Economics
Course
ECON 2210
Professor
M.Yu
Semester
Fall

Description
What is economics - Economics is a particular way of thinking about behavior - About any type of behavior and applies to every aspect of our lives The economic way of thinking - One key feature of economic thinking is formality - Economic thinking is constrained by a number of explicit assumptions known as economic principles - Everyone uses “models” to function in life - Model is formal, testable, simple and consistent with the general facts of the world 1. Formality can be helpful - Being honest with what we are assuming 2. Our model should be testable - When a model is capable of being shown wrong, it is tes
More Less

Related notes for ECON 2210

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit