Session Topic 1.

What is
Economics About?
To-Do Date: Sep 5 at 11:59pm

At the end of this session, students must be able to:

1. Define what economics is
2. Understand the link between scarcity, choice, and competition
3. Differentiate the two branches of economics
4. Distinguish between normative and positive economics

Session Topic 2. Production

Possibilities Frontier
To-Do Date: Sep 12 at 11:59pm

At the end of this session, students must be able to:

1. Show how the PPF can be used to explain the basic concepts of
economics.
2. Show how the PPF can be used to illustrate the gains from trading.