Principal of Microeconomic

TOPIC 1: HUMAN RESOURCE ECONOMICS AND REQUIREMENTS LEARNING OUTCOMES At the end of this topic you should be able to: Definition describes the economy; State economic resources and human requirements; Describes the basic concepts of economics; Relevance of the concept of economic-base kosep production possibilities frontier and Stating the impact of technological change, the quantity of resources and population of the production possibilities frontier. Did you learn the importance of economics? Have you ever wondered what would happen to the world economy if oil resources run out? Is the rate of inflation will increase? The public knows that rising inflation will affect the price of goods. Assume the income did not change, when the price of goods more expensive, our purchasing power will decrease. As consumers, what will happen to us? Hence, it is important for us to learn economics as it relates to our lives. We start with the first discussion of this topic see the definiti...