Economics: Principles & Policy notes

Full lesson including notes, simple definitions, examples, and graphs. Ch 1 • Definition of Economics • Positive Economics • Normative Economics • Economic Bad/Economic Good • Resources • Opportunity Cost • Free Good • Factors of Production • Renewable/Nonrenewable Resources • Micro/Macroeconomics • Graphical Analysis in Economics

Full lesson including notes, simple definitions, examples, and graphs. Ch 8: Topics: Business Cycle Stages of Business Cycle Labor Force Unemployment Types of Unemployment Costs of Unemployment Inflation Costs of Inflation Types of Inflation