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R 1
Ten Principles of
Economics
Economics
PRINCIPLES OF
N. Gregory
Mankiw
Premium PowerPoint Slides
by Ron Cronovich
2009 South-Western, a part of Cengage Learning, all rights reserved
In this chapter,
look for the answers to these
questions:
What kinds of questions does economics address?
What are the principles of how people make
decisions?
What are the principles of how people interact?
What are the principles of how the economy as a
whole works?
2
How do you spend your
pocket money?
ECONOMIC DILEMMA 1
HOW PEOPLE
MAKE
DECISIONS
HOW PEOPLE MAKE DECISIONS
Principle
Principle #1:
#1: People
People Face
Face Tradeoffs
Tradeoffs
27
CHAPTER SUMMARY
28
CHAPTER SUMMARY
29