BUS 305 Module 1

Module 1 - Background 

OPPORTUNITY COSTS 

In this module, your readings will focus on some of the major principles and themes of economic study. Economics can be defined as the study of the allocation of scarce resources among competing uses. In this module, you are required to view the resources below. These materials will help you understand some of the major concepts in Economics such as factors of production, opportunity cost, and scarcity. 

Required Reading 

Introduction to Economics, Podcast. http://www.pearsoncustom.com/mct- comprehensive/asset.php?isbn=1269879944&id=12030 

Introduction to Economics, Interactive Tutorial. 

http://www.pearsoncustom.com/mct-comprehensive/asset.php? isbn=1269879944&id=12310