Chapter 2 Economic Models Trade offs and Trades

In Chapter 2 Economic Models: Trade-offs and Trades you will learn:

Why models? Simplified representations of reality—play a crucial role in economics
Two simple but important models: production possibility frontier and circular-flow diagram
The difference between positive economics and normative economics
When economists agree and why they sometimes disagree

This video was made of student slide of Paul Krugman and Robin Well's Economics, Third Edition published in 2013 by Worth Publishers.
This video along with others are made in order to give students more access to material in most confortable way.
The usage of this video and others was originally introduced to students taking class of Introduction and Theory of Microeconomics in Department of Islamic Economics, Faculty of Islamic Studies, Islamic University of Indonesia.

Further details can be found in links below: