Chapter Two: Module Intro -- Graphing & Slopes

This module discusses the concepts of graphing, slopes, scarcity, and production possibilities frontiers. Economics uses charting tools heavily in order to convey and explain concepts. Therefore, it is important to be able to understand and interpret graphs, and calculate slopes.

Economics deals with scarce goods and services. Because of scarcity, every decision that we make has a cost. We model this cost in a production possibilities frontier.

First, read the lecture notes in this section, then take the on-line quiz to test your knowledge. Finally, read the module summar

Copyright © 1996-2006 - All Rights Reserved