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ECON 1010 (200)
Lecture

Sept 10th.docx

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Department
Economics
Course
ECON 1010
Professor
Dr.o'shaughnessy
Semester
Fall

Description
th Sept. 10 Chapter 2 • What is more dangerous, a gun or a swimming pool? - freakonomics and nudge books says swimming pool is more dangerous • Why is economics difficult? express ideas via English language algebra/equations diagram/graph we need to translate between each form • Econ is a social science - social=people - science=use scientific method (observe, theorize, test theory, and natural experiment) • Micro vs macro - micro is individual households and firms and how they interact -macro is economy wide phenomena such as interests rates, unemployment, money and growth • Efficiency vs equity - efficiency is how much stuff we can make
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