Class Notes (837,836)
Canada (510,504)
ECON 208 (210)
Lecture

ECON 208 CH2 Economic Theories, Data and Graphs.pdf

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Department
Economics (Arts)
Course
ECON 208
Professor
Michel Lapointe
Semester
Fall

Description
ECON 208 Introduction To Microeconomics Chapter 2 Economic Theories Data and Graphs Normative Statements use value judgements Positive Statements do not use value judgementsThis causes disagreements among economistsTheories are created to explain things An abstraction form realityVariable is any well defined item that can take on various specific valuesEndogenous
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