Class Notes (864,812)
CA (522,917)
McMaster (40,564)
ECON (1,644)
ECON 1BB3 (542)
Lecture

Lecture 02.doc

2 Pages
105 Views

Department
Economics
Course Code
ECON 1BB3
Professor
Hannah Holmes

This preview shows 80% of the first page. Sign up to view the full 2 pages of the document.
Description
Lecture 02 Why is economics difficult? - express ideas in economics: 1. English language 2. Algebra / equations 3. Diagram / graph - translate between each different form of communication Economics is a social science - social = people Microeconomics vs. Macroeconomics Microeconomics: individual households & firms and how they interact Macroeconomics: economy - wide phenomena such as interest rates, unemployment, money, and growth Efficiency vs. Equity - effici
More Less
Unlock Document
Subscribers Only

Only 80% of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
Subscribers Only
You're Reading a Preview

Unlock to view full version

Unlock Document
Subscribers Only

Log In


OR

Don't have an account?

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