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Showing posts from September, 2022

Principles of Macroeconomics Class 2

  okay so what we had been looking at last time was some basic ideas and we want to continue that discussion we had looked at this idea of economic goods and Bad's we looked at a discussion of positive and normative economics and what we essentially said was that when we think about it economics it's really a decision science where we're looking at how are we going to turn these resources into goods and services right so we had these things like our resources here we had our goods and services and we said look we know that these guys right here are limited and scarce therefore we know that these guys right here are gonna be scarce and limited so what we want to do today is we want to look at what are these different resources that we consider and then what are some important ideas to keep in mind and then what are some ideas that we don't want to keep in mind and I don't know that we'll get to the things we don't want to do later today but we might get to th...