Day 1 Notes
Day 1 Notes AEC 2713
Popular in Intro to Food & Resource Economics
Popular in Agricultural & Resource Economics
This 1 page Class Notes was uploaded by Shelby Leigh Brewer on Saturday August 20, 2016. The Class Notes belongs to AEC 2713 at Mississippi State University taught by Danny Barefield in Fall 2016. Since its upload, it has received 5 views. For similar materials see Intro to Food & Resource Economics in Agricultural & Resource Economics at Mississippi State University.
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Date Created: 08/20/16
Day 1 Notes What is economics? - Study in society on how decisions are made regarding consumption of goods and services - Make decisions based on what we consume and what we don’t Scarcity - Not enough resources to have everything we want - Ex.: “Why don’t you go to the lot and buy that $80,000 jacked up F-250?” --“Because I don’t have $80,000.”
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