Class Notes (837,449)
Canada (510,273)
Economics (490)
ECON 103 (154)
Ryan Allen (50)
Lecture

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Department
Economics
Course
ECON 103
Professor
Ryan Allen
Semester
Fall

Description
Economics 103Lecture2MaximizationThe fundamental idea in economics has to do with motivation why do people do the things they doThis is what makes an argument economicall behavior is interpreted through this principle it doesnt matter what your gender race religion or neighborhood isA Maximization RiddleCan this explain why armies line up like thisMaximization NOT the same as NonsatiationNonsatiationmore is preferred to less you can be made worse off by more of something However for convenience well assumemore is preferred to less along with maximization
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