ECON 7710 Chapter : Mankiw8e Chap03
Document Summary
Triad- interaction between three people, made up of shifting dyad"s. Groups: primary groups, consist of the people closest to us emotionally (close friends and relatives, certain dynamics that are present. Fulfill our excessive needs: secondary groups, casual acquaintances, other members of the clubs or organizations we may belong. Interactions tend to be brief and specific to. Focus is on what the organization does and not what the members do outside. Instrumental needs- rely on secondary groups for what they can do for us: reference groups. Example: sams club: used as a standard for evaluation. Comparing yourself and your group to another group. Example: comparing baseball teams based off number of championships. Not groups: crowds, large numbers of people that come to the same place at the same time for the same reason. Within crowds there are groups (secondary and primary: aggregates, large number of people that gather at the same place at the same time for different reasons, social categories.
