Unit 1 – The Economic Fundamentals
- What Is Economics All About?
- What Seven Principles Guide an Economic Way of Thinking?
- What Tools Do Economists Use?
- Why Is What We Want Scarce?
- How Do We Satisfy Economic Wants?
- What Do We Give Up When We Make a Choice?
- How Can We Measure What We Gain and Lose When Making Choices?
- Who Gets What? How Do Societies Decide?
- Who Decides What in Different Economic Systems?
- How Do Mixed Economies Divide the Decision Making?
- What Are the Key Characteristics of the U.S. Economic System?
- How Does Specialization Lead to Economic Interdependence?
- How Do People and Nations Gain from Specialization and Trade?
- How Does Trade Make Us Wealthier?