ECON 1: Topical Review for First Midterm (Chapters 1 - 5)

The following is a review of the topics we have covered and should serve as a review tool. The list may not be definitive. 1. Introduction to Economic Theory . Defined Economics . Defined Positive vs. Normative Analysis . Derived the Elements in the construction of Theory . Defined Marginal Analysis . 2. Basis of Economics ................
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