Problem 1) The principles of economics influence your decision making, interaction with others, and the economy as a whole.
Part I: Give one example of how you are personally affected by each of the three areas.
Part II: How were these positive or negative effects?
Problem 2) List 3 characteristics of an economists, a scientist and 3 characteristics of an economist as a policy adviser. How do an economist as a scientist and an economist as a policy adviser help to create understanding of economics? Please explain.