1. INTRODUCTION TO ECONOMICS

2. Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
Lionel Robbins

3. Schools of thought
Often presented as coherent, opposed schools of thought
2. But, actually, schools of thought are most often neither as coherent, nor as self-aware, nor as opposed as usually presented

7. MARGINALISM (late 19th century-today)
Context
The increasing prestige of mathematics
b) A focus on the individual
2. Major authors
William Stanley Jevons
b) Alfred Marshall
c) Leon Walras
3. Major ideas
Marginal utility analysis and equilibrium
b) Mathematical modeling

9. MARXISM (mid-19th century-today)
Context
Industrial revolution in full swing
b) Internal migrations
c) Deprivation
2. Major authors
Karl Marx
b) Many others
3. Major ideas
Labor theory of value
b) Class conflict and revolution

10. What is the relationship between the wage and the number of working hours offered?
Who chooses the distribution of total hours between work and leisure?
Does only the wage affect the choice of working hours?