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Basic Economic Concepts - Online Campus

Basic Economic ConceptsModule 1: The Study of EconomicsModule 2: Introduction to MacroeconomicsModule 3: The Production Possibilities Curve ModelModule 4: Comparative Advantage and TradeAppendix: Graphs in EconomicsEconomics by Example: What s to Love About Economics?COMMON GROUNDThe annual meeting of the American Economic Association draws thousands of economists, young and old, famous and obscure. There are booksellers, business meetings, and quite a few job interviews. But mainly the economists gather to talk and listen. During the busiest times, 60 or more presentations may be taking place simultaneously, on questions that range from the future of the stock market to who does the cooking in two-earner do these people have in common?

understand basic economic activity, including trade between two economies. Because the study of economics relies on graphical models, an appendix on the use of graphs follows the end of this section.

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