Introduction
• Course Name: Microeconomics
• Instructor: Muhammad Amin Hasan
• Contact Information:
• Counseling Hours: Mon- Thu (08:40-12:15)
Fri (08:40-03:40)
, Lecture’s Outline
Introduction to Microeconomics
• Definitions of Economics
• Importance of Economics in our Life
• Scope of Economics
• Diverse fields of Economics
• The Method of Economics
, Introduction
• Economists study people why they behave the
way they do.
• If each of us could get all the food, clothing, and
things we want without working, no one would
study economics. Unfortunately, most of the
good things in life are scarce we can’t all have as
much as we want.
• Thus scarcity is the mother of economics.
, Introduction
Two facts:
1.Everyone has unlimited wants
2.Everyone also has limited resources
• Course Name: Microeconomics
• Instructor: Muhammad Amin Hasan
• Contact Information:
• Counseling Hours: Mon- Thu (08:40-12:15)
Fri (08:40-03:40)
, Lecture’s Outline
Introduction to Microeconomics
• Definitions of Economics
• Importance of Economics in our Life
• Scope of Economics
• Diverse fields of Economics
• The Method of Economics
, Introduction
• Economists study people why they behave the
way they do.
• If each of us could get all the food, clothing, and
things we want without working, no one would
study economics. Unfortunately, most of the
good things in life are scarce we can’t all have as
much as we want.
• Thus scarcity is the mother of economics.
, Introduction
Two facts:
1.Everyone has unlimited wants
2.Everyone also has limited resources
