ECO 365 Week 1 participation Principles of Microeconomics, Ch. 1: Ten Principles of Economics

Read Ch. 1 of Principles of Microeconomics:

• 1-1 How People Make Decisions, pp. 4-8
• 1-2 How People Interact, pp. 9-11
• 1-3 How the Economy as a Whole Works, pp. 12-15 

Consider the following as you read:

1. Methods of understanding and applying the Ten Principles of Economics.
2. Consider how economics are applied in a society of consumers.
3. Consider how limited resources apply to an expanding society.
4. Consider how the economy reflects the behavior of the individuals who make up the economy