ECO105Y1 Lecture Notes - Lecture 1: Opportunity Cost, Macroeconomics, Unintended Consequences

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28 Sep 2016
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Please visit this week warmup. utoronto. ca to complete the exercise, for 2 percent of your final course grade. You will answer questions about personality traits or goals and should take about 1 hour. Its purpose is to learn more about how to help promote academic and personal success. There is a follow-up survey at the start of second semester. You must do both the exercise and survey for the 2%. All eco 100 and 105 courses are participating. Because you can never satisfy all of your wants, making the most out of your life requires smart choices about what to go after, and what to give up. The problem of scarcity arises because of limited money, time, and energy. Economics is how individuals, businesses, and governments make the best possible choices to get what they want, and how those choices interact in markets. Economy is the art of making the most out of life.

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