ECN 203 Chapter Notes - Chapter 1: Joseph Schumpeter, Robert Frost, Opportunity Cost
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Economics is a tool for thinking about the world in which we live. Invaluable in such a way if you want to build a rich understanding of individuals and societies, of how the world works. Economic analysis= political analysis + social analysis. Economics is used to analyze historical and current events. Goal of reading the text is to develop a model of economics. The current day model of economics is the mainstream view of economics, not the. The debate over the model still continues today. A good analytical tool kit encourages you to ask questions and gives you the tools to develop systematic, thoughtful answers. 1. 2. 1 the road not taken by robert frost. One must miss out on one experience for the exchange of the other. There are usually no chance to redo the decision. Economics is about how humans function individually and collectively as they seek to.
