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Supply and Demand
GDP

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 Andrea Browning... opportunity cost, scarcity means we must make a choice, and economics is the study of people and choices, value the next best alternative  

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 Andrea Browning... opportunity cost, scarcity means we must make a choice, and economics is the study of people and choices, value the next best alternative  

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The study of economics doesn't help you get rich but it can help. Its making decisions and the cost of the decisions we make.

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Supply and demand determines the state of your economy.
Benefits versus cost.
GDP.

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macro study's the economy as a whole.
opportunity cost is whatever you give to do something.
economics is the study of people and choices

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GDP
Opportunity Cost
And that Econ is the Study of Man and Choices

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Economics is the study of people and choices
Economics isn't just about money
Economics isn't the study of the stock market

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Supply and Demand
GDP
Economics is more than finances, and country standings

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Brock Swords
GDP
Opportunity Cost
And
Econ is in almost everything you us

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Brock Swords
GDP

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that  we use economics all the time. there's economics in anything. also its about making decisions.

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1. opportunity cost is the next best alternative .
2. we have scarcity because we use the limited number of resources we have on the things we think will play out the best.
3. knowing economics isn't about getting rich but it can help you

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Watch the video on the introduction of economics.  After watching the video, identify 3 things that you already know about economics based off the content of the video.  Make sure to include your name in your post to ensure that you get credit for today.  Click the pink + button on the bottom right hand corner of the screen to create a post.

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Intro to Economics: Crash Course Econ #1