What economics is, the classic definitions (Adam Smith, Mill, Marshall, Pigou and Robbins), economics as a science and a social science, micro- and macroeconomics, positive and normative statements, and why the subject is worth studying.
In these notes
- What economics is about
- The classic definitions
- Why Robbins's definition is preferred
- A science and a social science
- Branches and kinds of statement
- Why study economics
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