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1、Economics A Surprisingly Broad Subject,1,Unit-8,Introduction,Be surprised by the breadth of what they study when they take economics for the first time. Some ideas: economics will teach them about the stock market. Dealing with the money,2,Unit-8,Actually economics is a much larger puzzle. Economics
2、 has deep roots in, and close ties to, social philosophy. why r some people rich and others poor? Is it fare,3,Unit-8,Two major divisions of economics: Microeconomics maikru,i:knmiks and Macroeconomics mkru,i:knmiks,4,Unit-8,Micro. and Macro,Micro deals with the functioning of individual industries
3、and the behavior of individual economic decision-making units: single business firms and households. Such as: For firm: what to produce? How much to charge For households: what to buy? Pay how much,5,Unit-8,Another big question that micro addresses is who gets the things that r produced. higher inco
4、mes or more wealth get more ? why do we have poverty ? who is poor ? why do some jobs pay more than others ,6,Unit-8,Think again about all the things u consume in a day, and then think back to that view out over a big city. Such as: Somebody decided to build the roads, housing, car, T-shirts . Why ?
5、 Understanding individual micro decisions is very important to any understanding of ur society,7,Unit-8,Macro,It adds it all up and looks at the economy as a whole. It turns from household income to national income,8,Unit-8,Micro individual product prices and relative prices Macro looks at the price
6、 level and the general rate of inflation. Micro how many people lose job from A or B company? Macro how many jobs exist in the economy ,9,Unit-8,Micro looks at the individual unit the household, firm, industry “Trees” Macro looks at the whole “Forest,10,Unit-8,Riddle,Is it fare the specialist ( pop star, sportsman, doctor) earn way too much money than average person ,11,Unit-8
