Scarcity and Choices

I love learning about economic. I think that economy involve in everything we do in life, making choice, spending money, etc. Learning economy has help me a lot with deciding the best choice and always aware of what to spend my time for. Personally, economic is the study of scarcity and choice. It is basically study how individual, firm and society deal with scarcity. Because, I thought that economic is a very essential subject to know, I decided to spend most of my free time to learn all of these through various sources such as Edx, my learning facilitator, ACDC econ youtube video, and mainly from the textbook called the Krugman_s Economics. There are two main types of economic, microeconomic and macroeconomic. My favorite economic division is the macroeconomic because it a study of a large economy as a whole or economic aggregate (the whole amount). From all what I’ve learned so far, the two main three main takeaways are trade off, opportunity cost and TINSTAAFL (There is no such thing as a free lunch). I believe that economic will help me to make a better decision in life and gain my skill as a leader.

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