What does it mean to think on the margin? Define marginal analysis.

What is the difference between a good economist and a bad economist, as discussed today in class? Give examples. Why is there a bias toward bad economics in a democracy?

What is the difference between normative and positive economics? What's scientific about economics? Can an argument be valid and not sound? Explain.

What are some synonyms for preferences? What are some synonyms for constraints? (See the movie about preferences and constraints.

Define: Ceteris paribus.