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Introduction to Economics

23 Lessons 2 hours

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Introducing Economics

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What is Economics, and Why is It Important?

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The Problem of Scarcity

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The Division of and Specialization of Labor

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5

Why the Division of Labor Increases Production

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6

Trade and Markets

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7

Why Study Economics?

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8

Key Concepts and Summary

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9

Microeconomics and Macroeconomics

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10

Microeconomics

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11

Macroeconomics

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12

Key Concepts and Summary

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How Economists Use Theories and Models to Understand Economic Issues

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14

Key Concepts and Summary

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How Economies Can Be Organized

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Regulations: The Rules of the Game

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17

The Rise of Globalization

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18

Key Concepts and Summary

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19

The Use of Mathematics in Principles of Economics

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Algebraic Models

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21

Growth Rates

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Displaying Data Graphically and Interpreting the Graph

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23

Key Concepts and Summary

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