Introduction to Economics notes

uhhhhh notes for intro to econ !
covers:
The Nature of Economics
- The economic problem
- Wants
- Goods
- Opportunity cost
- Production Possibility Frontier
- Future implications of choice
- Economic factors underlying choice

The operation of an economy
- Factors of production
- Distribution & Exchange of Goods and Services
- Circular flow of income
- The business cycle

Economies: similarities and differences
- Types of economic systems
- Australia's economy