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Economics Unit 1 Notes

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Economics
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AP Economics

Economics for Dummies Written by: Nathan Roberts, Ena Silva, Melissa Atwood and Tamara Hatch Editor: Nathan Roberts Artwork by: Ena Silva Preface "Economics for Dummies" began as a quarter project for Mr. Bremer's Econmics class. The project was meant to be an economics handbook for the common-sense person. The four group members were Nathan Roberts, Ena Silva, Melissa Atwood, and Tammy Hatch. Table of Contents I. Introduction II. The Science of Economics 1. Scarcity 2. Opportunity Costs 3. The four questions 4. Characteristics of a Market Economy 5. The Factors of Production 6. Circular Flow 7. The Invisible Hand 8. The Law of Demand 9. The Law of Supply 10. Equilibrium Price 11. Clarification

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