UBC Wiki:Books/Econ Help!
One student describes her experience with economic classes: "I have been attending lectures and taking notes, but for some reason, I still have trouble with a lot of the topics, so it would be nice if we could do a run through of everything I have been learning so far."
What the student describes is not uncommon among students who are learning economics for the first time. The reason is that "economics thinking" is a bit different from everyday decision making and so some of the concepts may look a bit foreign at the beginning. However, once students get a hang of the "rational thinking" behind economics, most of the class will suddenly makes much more sense. The purpose of the topics below (when fully developed) are meant to illustrate various concepts to fulfill that purpose.
- 10 Principles of Economics
- Production Possibility Frontier
- The Circular Flow Diagram
- Supply and Demand
- Cost of Production
- Slutsky Substitution and Income Effect
- Special Utility Functions
- Tax brackets
- Game Theory Strategic Interactions