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Economics Lecture One (view source)

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{{Economics_Lectures}}
 
{{Economics_Lectures}}
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First Lecture – Overview and Scarcity
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This course requires thinking more than reading or writing.  The assignments will be short and the homework "problem sets" will be intriguing.  You will have time to read and reread the materials, and think about them, in order to fully understand the concepts.  Repeatedly ask yourself and others questions, and ask questions in class.  Test yourself with your own examples.  You may have to read and think about a concept in economics many times before you really understand it.  But once you understand these concepts, you can use them your entire life.  Many of my students have told me that economics is the best course they ever took from me, and I teach many other topics.
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Instructor, Andy Schlafly
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Start working on the problems early in the week, so that you can ponder them a while before answering.  Answers may not occur to you at first.  It may be days after you read a problem, and while you're doing something completely different, when a light bulb turns on in your mind and you think, "Eureka" (I solved it!).  Give yourself plenty of time for that to happen, by starting early on the problems.  They are not difficult if you start early.
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==Introduction==
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== What Is Economics? ==
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This course will require more thinking and less reading than other courses.  My goal is to give you time to re-read materials and let them sink in.  Constantly question yourself whether you really understand the concepts.  Test yourself with your own examples.  The problems are designed to provoke reflection on the material covered in the lectures. 
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Why should we even spend time on an economics course?  Why is it important?  And what is economics, anyway?
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It is worth starting the problems early in the week, so that you can ponder them a while before answering.  Answers may not occur to you until days after you first see the problems.  Give yourself time to think up answers by starting early.
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Why should we spend a semester learning economics?  Why is it important?  And what is economics, anyway?
      
We all need goods and services.  The goods that are essential include food, clothes, cars, and books.  The services that we need include help by doctors, dentists, teachers, lawyers and barbers.
 
We all need goods and services.  The goods that are essential include food, clothes, cars, and books.  The services that we need include help by doctors, dentists, teachers, lawyers and barbers.
Aschlafly
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