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2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. Chapter 1: Preliminaries * of 18 Copyright ? 2009 Pearson Education, Inc. Publishing as Prentice Hall ? Microeconomics ? Pindyck/Rubinfeld, 7e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. 2 of 35 ? 2008 Prentice Hall Business Publishing ? Microeconomics ? Robert S. Pindyck, 8e. Fernando Yvonn Quijano Prepared by: Preliminaries 1 C H A P T E R Copyright ? 2009 Pearson Education, Inc. Publishing as Prentice Hall ? Microeconomics ? Pindyck/Rubinfeld, 7e. CHAPTER 1 OUTLINE 1.1 The Themes of Microeconomics 1.2 What Is a Market? 1.3 Real versus Nominal Prices 1.4 Why Study Microeconomics? Preliminaries ● microeconomics Branch of economics that deals with the behavior of individual economic units—consumers, firms, workers, and investors—as well as the markets that these units comprise. ● macroeconomics Branch of economics that deals with aggregate economic variables, such as the level and growth rate of national output, interest rates, unemployment, and inflation. THE TH