Here are ten principle of economics as dicatated in George Mankiw's book "Principle of Economics" which in my view nicely sums up the economic behavior.
How People Make Decisions:
Principle #1: People Face Tradeoffs.
Principle #2: The Cost of Something Is What You Give Up to Get It.
Principle #3: Rational People think at the Margin.
Principle #4: People Respond to Incentives.
How People Interact:
Principle #5: Trade Can Make Everyone Better Off.
Principle #6: Markets Are Usually a Good Way to Organize Economic Activity.
Principle #7: Governments Can Sometimes Improve Market Outcomes.
How the Economy as a Whole Works:
Principle #8: A Country's Standard of Living Depends on Its Ability to Produce Goods and Services.
Principle #9: Prices Rise when the Government Prints Too Much Money.
Principle #10: Society Faces a Short-Run Tradeoff between Inflation and Unemployment.
How People Make Decisions:
Principle #1: People Face Tradeoffs.
Principle #2: The Cost of Something Is What You Give Up to Get It.
Principle #3: Rational People think at the Margin.
Principle #4: People Respond to Incentives.
How People Interact:
Principle #5: Trade Can Make Everyone Better Off.
Principle #6: Markets Are Usually a Good Way to Organize Economic Activity.
Principle #7: Governments Can Sometimes Improve Market Outcomes.
How the Economy as a Whole Works:
Principle #8: A Country's Standard of Living Depends on Its Ability to Produce Goods and Services.
Principle #9: Prices Rise when the Government Prints Too Much Money.
Principle #10: Society Faces a Short-Run Tradeoff between Inflation and Unemployment.
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