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Introduction to macroeconomics opportunity cost and the production possibilities curve comparative advantage and the gains. The study of choice 1.1 defining economics 1.2 the field of economics 1.3 the economists’ tool kit 1.4 review and practice chapter 2: Web the macroeconomic perspective looks at the economy as a whole, focusing on goals like growth in the standard of living, unemployment, and inflation. Web 1.1 what is economics, and why is it important?