Economic Behavior

Define self$-$interest.

Define rational economic behavior.

$1-3$ Markets

What $is$ the role $of$ market$-$determined prices and their variations?

Explain the Circular Flow $of$ money and goods and services.

$1-4$ Economic Theories and Models

Are the following topics ones that would $be$ covered $in$ microeconomics $or$ macroeconomics? Explain.

The effects $ofan$ increase $in$ the supply $of$ lumber $on$ the home$-$building industry

Changes $in$ the national unemployment rate

Changes $in$ the inflation rate

Changes $in$ the country$s$ economic growth rate

The price $of$ concert tickets