the fancy vicissitude of mirage

copy来microeconomics的笔记:

Mike Walrath

Principles of Economics

1. People Face Tradeoff
To get one thing that we want, we need to give up something else that we also want

2. The cost of something is what you give up to get it (“opportunity cost”)
The opportunity cost of a advertising is the value of the next best alternative give up because of that decision

3. Rational people think of that margin
“Marginal” small incrimational change
“Rational People” makes decision is based on comparing two similar…

4. People response be in incentives
As costs or benefits change, people’s decisions will change…

5. Trade can make and everyone better off
-Can (it’s possible, not gurantee)
-everyone “…”

6. Markets are usually a good way to orginize economic activity

7. Governments can sometimes inprove market outcomes

8. A country’s standard of living depends on its ability to produce goods and services

9. Prices rise when the government prints too much money

10. Socity faces a short-run trade-off between inflation and unemployment

以后不在上课耍本本记笔记了… 明明都是书上的内容,我还费好大力气在辨别那超烂的handwriting 漏听好多内容 -_-||

p.s. university writing那课 够要人命的 :(

p.s.超bored的welcome week时候,去参加个夜场,见识了真正催眠.超搞笑的.感觉有点被吓住了…被滥用的话 会怎样…

还是State Fair好玩~ ;-)