What is Economics?

Economic Concepts

  Scarcity
  opportunity costs
  production possibilites curve
  role of saftety nets
  3 economic questions
Traditional, Command, Market Economies

Microeconomics
Supply and Demand
Elasticity
Market Equilibrium and the role of prices
Perfect Competition
Monopoly 

Monopolistic Competition


Labor  and business organizations
Sole Proprietorships
Partnerships,
Corporations


Macroeconomics

Aggregate Supply and Aggregate demand
Fiscal Policy  

Government regulation and deregulation

Monetary Policy

The Role of the Federal Reserve