A power point for the first day of an introductory economics course covering the following topics:
What is economics?
Difference between Microeconomics and Macroeconomics
What is the fundamental economic problem?
How do we best allocate scarce resources amongst unlimited human desires?
What is opportunity cost?
An exercise in decision making using the concept of opportunity cost
How do people make decisions?
How to predict behavior using cost benefit analysis
How to influence behavior using incentives