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micro economics exercise week 2 Learning Outcomes Upon successful completion of this module, the student will be able to: 1. Identify the key concepts in Economics: scarc

Micro Economics

micro economics exercise

week 2
Learning Outcomes
Upon successful completion of this module, the student will be able to:
1. Identify the key concepts in Economics: scarcity, opportunity cost, comparative advantage, and externalities
2. Discuss the key concepts in Microeconomics
3. Distinguish between microeconomic and macroeconomic issues
4. Differentiate between positive and normative economics 5. Identify factors of production
2.2 Action Required:
Reading
? Survey of Economics, Chapter 1: “What is Economics?”
Videos:
Watch the following video(s), which you can access by clicking on the link(s) below
2.3 Test your Knowledge (Question):
? Discuss how scarcity of economic resources leads to tradeoffs.
2.4 Instructions
? Answer the question in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week2: Interactive learning Discussion)
from150 to 200 words please
Requirements: 1 day

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