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2 Thinking Like an Economist
Thinking Like an Economist ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Thinking Like an Economist ,[object Object],[object Object],[object Object],[object Object]
THE ECONOMIST AS A SCIENTIST ,[object Object],[object Object],[object Object]
The Scientific Method: Observation, Theory, and More Observation ,[object Object],[object Object]
The Role of Assumptions ,[object Object],[object Object],[object Object]
Economic Models ,[object Object],[object Object],[object Object],[object Object]
Our First Model: The Circular-Flow Diagram ,[object Object]
Figure 1 The Circular Flow Copyright © 2004  South-Western Spending Revenue Income = Flow of inputs  and outputs = Flow of dollars Goods and services bought Goods and services sold Labor, land, and capital Factors of production Wages, rent, and profit FIRMS ,[object Object],goods and services ,[object Object],of production ,[object Object],goods and services ,[object Object],of production HOUSEHOLDS ,[object Object],[object Object],MARKETS FOR FACTORS OF PRODUCTION ,[object Object],[object Object],MARKETS FOR GOODS AND SERVICES
Our First Model: The Circular-Flow Diagram ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Our First Model: The Circular-Flow Diagram ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Our First Model: The Circular-Flow Diagram ,[object Object],[object Object],[object Object]
Our Second Model: The Production Possibilities Frontier ,[object Object]
Figure 2 The Production Possibilities Frontier Copyright©2003  Southwestern/Thomson Learning Quantity of Cars Produced 0 3,000 1,000 Quantity of Computers Produced Production possibilities frontier A B C 2,200 600 1,000 300 700 2,000 D
Our Second Model: The Production Possibilities Frontier ,[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 3 A Shift in the Production Possibilities Frontier Copyright © 2004  South-Western Quantity of Cars Produced 0 Quantity of Computers Produced E 2,000 700 2,100 750 4,000 3,000 1,000 A
Microeconomics and Macroeconomics ,[object Object],[object Object],[object Object],[object Object]
THE ECONOMIST AS POLICY ADVISOR ,[object Object],[object Object]
POSITIVE VERSUS NORMATIVE ANALYSIS ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],POSITIVE VERSUS NORMATIVE ANALYSIS ? ? ?
[object Object],[object Object],[object Object],[object Object],[object Object],POSITIVE VERSUS NORMATIVE ANALYSIS ? ? ?
Economists in Washington ,[object Object],[object Object],[object Object],[object Object]
Economists in Washington ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
WHY ECONOMISTS DISAGREE ,[object Object],[object Object]
Table 2 Ten Propositions about Which Most Economists Agree Copyright © 2004  South-Western
Summary ,[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object]

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  • 14. Figure 2 The Production Possibilities Frontier Copyright©2003 Southwestern/Thomson Learning Quantity of Cars Produced 0 3,000 1,000 Quantity of Computers Produced Production possibilities frontier A B C 2,200 600 1,000 300 700 2,000 D
  • 15.
  • 16. Figure 3 A Shift in the Production Possibilities Frontier Copyright © 2004 South-Western Quantity of Cars Produced 0 Quantity of Computers Produced E 2,000 700 2,100 750 4,000 3,000 1,000 A
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25. Table 2 Ten Propositions about Which Most Economists Agree Copyright © 2004 South-Western
  • 26.
  • 27.
  • 28.
  • 29.

Hinweis der Redaktion

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