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Principles of Economics
Based on the chapter outline you provided, it appears to be an outline for Chapter 2 of an economics textbook titled "Thinking Like an Economist". The chapter covers the following key topics: The two roles economists play: as scientists who employ the scientific method to develop and test theories, and as policy advisors who make normative judgments and recommendations. Models - simplified representations economists use to study complex economic issues. Examples include the circular flo...
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Based on the chapter outline you provided, it appears to be an outline for Chapter 2 of an economics textbook titled "Thinking Like an Economist". The chapter covers the following key topics: The two roles economists play: as scientists who employ the scientific method to develop and test theories, and as policy advisors who make normative judgments and recommendations. Models - simplified representations economists use to study complex economic issues. Examples include the circular flo...