University:
California State University, Northridge
Course:
ECON 101 | Economics for Everyday Life
Academic year:

2023
Views:

27

Pages:

2
Author:

Mahmoud M.

Economics notes Motivation: a reward that encourages behavior or punishment that causes dissatisfaction (pleasure). Incentives for Election Microeconomics: Examining the choices made by individuals and firms Interaction between economic choices and the effects of government Macroeconomics: Examining the functioning of national and international economies Economics Sources of Goods and Services: What people value and produce according to their needs Relevance: It is divided into 4 categories: Land, Work, Capital, and Business - Land: Gifts Better (We use it to produce goods and services) (Earn Rent) - Labor: Time and labor expended by people to produce goods and services (material and mental) and labor ( ) (for wages) Land and Capital Self-Interest: Your Best Choice Self-interest: the best choice for you Social interest: the choice that produces the best results for society as a whole (2 Dimensions: Good Business (production at the lowest cost) and justice) The World: International Trade, Expansion of Credits and Investments Information Update: New Updates from the Previous 40 Years Unsatisfied Trading: 1993 to 2007 Was a Great Time Security Trading Strategy: Another competitive and trade something to get results and get the best results For those who chose only the needs of decision makers are related to , their needs are determined by products and services). Self-interest: the choice that works best for you Social interest: the choice that produces the best results for society as a whole (2 Majors: Economics Copy Quality (lowest cost) and integrity) World: International Trade, Expansion Credit and Investment KNOWLEDGE UPDATE: Latest developments of the last 40 years Interest free business: a good time from 1993 to 2007 Safe Trading advice: Another challenge and get something for profit and get the best choice (only The opinions and needs of the decision makers about the product are determined according to goods and services) Benefit: The benefit you get from something or the happiness it brings, Likes - determined by the person's likes and dislikes and the use of the views Price: The price paid for something is the maximum price that should be given to the option. . How much does it cost to get for? Margin of choice: You can share the next working hours and send them to your friends, but to make that decision you need to compare the benefits of the working time with the cost a bit more and you can choose between the edges. . Not selfish. You may decide to use your resources to bring happiness to others and to yourself.