ECN 203 Midterm: Micro objectives econ203
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1. 1 general introduction to our story: explain how an econosystem resembles an ecosystem. Its an invaluable tool if you want to build a rich understanding of individuals and societies of how the world works: expand on the following assertion: economics is one tool in a social science tool kid. Identify the other tools and describe how one"s skills with these tools. With a social science tool kit and hone your ability to use these tools together to study the past and present. By this they mean the past effects the present and by knowing the choices we have made we can predict the future: comment on the following statement: economics is truth. Economics is the truth because it is all around us. It is the one thing that can"t lie to you because its your choices that"s effecting it. 1. 2 the subject of economics: identify the face of the human condition from which the study of economic life begin.