1. Agec 217: Economics Instructor: David Perkis

2. Agec 217: Economics Syllabus

3. Agec 217: Economics Mathematics

4. Agec 217: Economics What is Economics?

5. Agec 217: Economics Is money needed in economics?

6. Agec 217: Economics Can a caveman have an economy?

7. Agec 217: Economics Can a baby have an economy?

8. Agec 217: Economics What is scarcity?

9. Agec 217: Economics What items are scarce?

10. Agec 217: Economics Scarce items –Time –Land –Crude Oil

11. Agec 217: Economics Economics: the study of how people allocate resources in the presence of scarcity

12. Agec 217: Economics Positive Economics: explaining what is... a statement of fact which one can attempt to prove or disprove Normative Economics: stating what should be... A statement of one’s values which cannot be proven or disproved

13. Agec 217: Economics Positive Statement: If we eliminate taxes, everyone will be wealthy.

14. Agec 217: Economics Normative Statement: It is desirable that everyone is wealthy.