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№1 слайд![Lecture - Subject and methods](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img0.jpg)
Содержание слайда: Lecture -1
Subject and methods of
Economic Theory
№2 слайд![Lecture outline. .The subject](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img1.jpg)
Содержание слайда: Lecture outline.
1.The subject of Economic Theory. Three basic problems of daily living
2. Methods of Economic Theory
№3 слайд![. Positive and normative](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img2.jpg)
Содержание слайда: 3. Positive and normative Economics
4.Microeconomics and Macroeconomics
№4 слайд![Economics is the study of how](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img3.jpg)
Содержание слайда: Economics is the study of how society decides what, how, and for whom to produce.
№5 слайд![Economy - is a special sphere](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img4.jpg)
Содержание слайда: Economy - is a special sphere of social life with its own laws, problems and contradictions. In this area, the economic potential of a society is formed, producing different goods for satisfaction the physiological and spiritual needs of people.
Economics - efficient management of limited productive resources for the purpose of attaining the maximum satisfaction of human material needs.
Economics is concerned with the efficient use of scarce resources for the production of goods and services to satisfy material needs.
Economics - how to use scarce resources efficiently
№6 слайд![Economic theory is a science](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img5.jpg)
Содержание слайда: Economic theory is a science which studies production relations between economic agents in the process of production, exchange, distribution and consumption of goods and services
№7 слайд![Thinking Like an Economist](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img6.jpg)
Содержание слайда: Thinking Like an Economist
Every field of study has its own terminology
Mathematics
integrals axioms vector spaces
Psychology
ego id cognitive dissonance
Law
promissory estoppel torts venues
Economics
supply opportunity cost elasticity consumer surplus demand comparative advantage deadweight loss
№8 слайд![Thinking Like an Economist](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img7.jpg)
Содержание слайда: Thinking Like an Economist
Economics trains you to. . . .
Think in terms of alternatives.
Evaluate the cost of individual and social choices.
Examine and understand how certain events and issues are related.
№9 слайд![The subject of Economics is](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img8.jpg)
Содержание слайда: The subject of Economics is
human behaviour in the production, distribution, exchange and use of goods and services.
№10 слайд![Three basic problems of](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img9.jpg)
Содержание слайда: Three basic problems of Economics
What goods and services to produce
How to produce these goods and services
For whom to produce these goods and services
№11 слайд![](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img10.jpg)
№12 слайд![](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img11.jpg)
№13 слайд![Positive economics The aim of](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img12.jpg)
Содержание слайда: Positive economics
The aim of positive economics is to explain how society makes decisions about consumption, production, and exchange of goods
№14 слайд![Normative economics It offers](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img13.jpg)
Содержание слайда: Normative economics
It offers recommendations based on value judgements.
№15 слайд![POSITIVE VERSUS NORMATIVE](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img14.jpg)
Содержание слайда: POSITIVE VERSUS NORMATIVE ANALYSIS
Positive statements are statements that attempt to describe the world as it is.
Called descriptive analysis
Normative statements are statements about how the world should be.
Called prescriptive analysis
№16 слайд![Microeconomics - is concerned](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img15.jpg)
Содержание слайда: Microeconomics - is concerned with the specific economic units and detailed consideration of the behavior of those individuals (we examine the trees, not the forest)
Macroeconomics - is concerned with the economy as a whole or with the basic subdivisions or aggregates (government, household, business sectors), (total output, total income, total level of employment)
№17 слайд![The main key words of](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img16.jpg)
Содержание слайда: The main key words of microeconomics
№18 слайд![The main key words of](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img17.jpg)
Содержание слайда: The main key words of macroeconomics
№19 слайд![](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img18.jpg)
№20 слайд![](/documents_6/9aea0c381dd5356165687d9d95b30c0a/img19.jpg)