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Unit 1. Introduction to economics

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Content:

1.1 The object of economics
1.2 Basic economic principles
1.3 Models in Economics: the circular-flow diagram and the production possibility frontier
1.4 Positive versus normative economics

Bibliography:

  • Krugman 1. First Principles
  • Krugman 2. Economic models: trade-offs and trade

Multimedia resources:

Suggested reading:


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RECENT ADDITIONS

> The course starts on February 1.

UPM
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