...The Economic Way of Thinking...
...what a well-functioning economic system is supposed...

...output? Explain. What economic profit or loss...

...important measure of economic performance. The unemployment...

...consisting of optimizing economic agents, whether they...
...viewed as an economic good, then when...
...climate, age, gender, socio-economic class, occupation, education,...

...Key Ideas When economic agents choose the...
...consisting of optimizing economic actors, whether they...
...one or more economic actors solving constrained...
...optimization. A typical economic model features an...
...model features an economic actor (recall the...
...between reality and economic models, and economists...
...have a plausible economic model, it may...
...Statics—We solve an economic model for the...

...CHAPTER 2 Economic Methods and Economic...
...Economic Methods and Economic Questions I. Key...
...cause and effect. Economic research focuses on...
...list of key economic questions by chapter...
...is everywhere, so economic agents such as...
...opportunity cost. Optimizing economic agents identify and...
...two or more economic agents are optimizing,...
...understanding of decision-making economic agents, systems of...
...price predicted by economic theory, showing that...
...makes a good economic question? Opening Question...
...technically flat? An Economic Model—The simple returns-to-education...
...nice collection of economic data, a student...
...FRED (Federal Reserve Economic Data) at Means—The...
...in most simple economic problems, we treat...
...treatment group? 2.3 Economic Questions and Answers...
...Answers A good economic question addresses an...
...list of good economic questions that will...

...economics is that economic systems tend to...
...constraints. These decision-making economic agents may be...
...empiricism) that characterize economic thinking and distinguish...
...time Chapter 2 Economic Methods and Economic...
...Economic Methods and Economic Questions: overview of...
...bus, drive, hitchhike). Economic Agents and Economic...
...Economic Agents and Economic Resources—A wide variety...
...the most common economic agents are households,...
...each of the economic agents makes choices...
...these decision makers. Economic agents are the...
...fanciful world of economic theory, in which...
...different types of economic agents does one...
...optimization is about economic agents making self-interested...
...behavior, so the economic system reaches a...
...to evaluate whether economic theories do a...
...class for specific economic questions they would...

...slide) South Korea: economic growth and fertility...
...fertility decline, then economic growth China: fertility...
...fertility decline and economic growth Mexico, Peru,...
...sanitation measures, with economic development. Now mortality...
...not because of economic development. Differential Mortality...
...slide) South Korea: economic growth and fertility...
...fertility decline, then economic growth China: fertility...
...fertility decline and economic growth Mexico, Peru,...
...sanitation measures, with economic development. Now mortality...
...not because of economic development. Differential Mortality...

...e.g., transforming an economic order About values...
...e.g., pro-lifers About economic issues, e.g., anti-poverty...
...argued importance of non-economic struggles against the...