ECON 104 Chapter 2: Chapter 2

• School: Simon Fraser University
• Department: Economics
• Course: ECON 104
• Professor: Vasyl Golovetskyy

Document Summary

This text was modified by basil golovetskyy under a creative commons attribution- Principles of microeconomics, unattributed, found at http://www. saylor. org/books/. Because choices range over every imaginable aspect of human experience, so does economics. Economists have investigated the nature of family life, the arts, education, crime, sports, job creation the list is virtually endless because so much of our lives involves making choices. Getting better grades probably requires more time studying, and perhaps less relaxation and entertainment. Not only must we make choices as individuals, we must make choices as a society. Both may be desirable, but efforts to clean up the environment may conflict with faster economic growth. Economics is defined less by the subjects economists investigate than by the way in which economists investigate them. Economists have a way of looking at the world that differs from the way scholars in other disciplines look at the world.