Unit 1: Markets are Efficient, Except . . . Intro to Microeconomics

Lesson 1c: Making Choices: Scarcity and Budget Lines

Assignments

Readings: Ch 1, pp.1-11 Lecture Outline Video Lectures: WHAT IS ECONOMICS: SCARCITY, THE 5Es, AND MAKING CHOICES 1.1.1 Scarcity - Defining Economics 6:35 [MyNotes] 1.1.2 What Economists Do 13:20 [ Summary] [Quiz] [MyNotes] 1.1.3 Micro and Macroeconomics 11:21 [MyNotes] EconMovies- Episode 2: Monty Python and the Holy Grail - Marginal Analysis (YouTube ACDCLeadership) 5:27 BUDGET LINES 3.2.1 Constructing a Consumer's Budget Constraint 9:36 [MyNotes] 3.2.2 Understanding a Change in the Budget Constraint 5:02 [MyNotes]

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