The Themes of microeconomics ■ Microeconomics o Allocation of scarce resources and Trade-offs ◆ n a planned economy ◆ n a market economy Chapter 1: Preliminaries Slide 10Chapter 1: Preliminaries Slide 10 The Themes of Microeconomics ◼ Microeconomics ⚫ Allocation of Scarce Resources and Trade-offs ◆ In a planned economy ◆ In a market economy