The Priciples of Economics

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  © 2007 Thomson South-Western PowerPoint® Lecture Presentation to accompany   Principles of Economics, Fourth Edition N. Gregory Mankiw Prepared by Kathryn Nantz and Laurence Miners, Fairfield University.  © 2007 Thomson South-Western  © 2007 Thomson South-Western . . . The word economy  comes from a Greek word for ―one who manages a household.‖   Economy. . .  © 2007 Thomson South-Western TEN PRINCIPLES OF ECONOMICS A household and an economy face many decisions:   Who will work?  What goods and how many of them should be  produced?  What resources should be used in production?  At what price should the goods be sold?
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