Main Points Day 4

• Microeconomics is analyzing individual decisions
• Macroeconomics is the study of the unforeseen consequences of those individual decisions 
• The reason to study economics is to know how the economy works and to identify what disrupts it
• Why should anyone study Economics
• Provides a way of awe
• Understanding concepts are important
• Knowing the facts are important
• Trade-offs are rampant in this age
• Today...
• Important concepts are misunderstood
• It's possible to collapse time and space incredibly
• Intentions do NOT equate Results
• 2.3% of Americans earn minimum wage
• Economics is not complex; Economic Systems are
• People can have a Type C or Type M brain
• Type C are scientific and analyze situations firstr
• Type M are emotional or motivation driven