Chapter 1 Cool heads and warm hearts
Economics is the study of how societies use their resources.
scarcity - limited amount of resources
opportunity cost - making choices
positive economics "what is" 实证经济学
normative economics "what ought to be" 规范经济学
cool heads+warm hearts+self-critical eyes
Chapter 1 Cool heads and warm hearts Economics is the study of how societies use their resources. scarcity - limited amount of resources opportunity cost - making choices positive economics "what is" 实证经济学 normative economics "what ought to be" 规范经济学 cool heads+warm hearts+self-critical eyes