8/31/2011 Class1

Introduction of Eco108
Rizzo threw the money to see how students reacted to it.The more money was, the more excited students were.
Key to study economics:Discover how people respond to incentive;what is incentive and how does incentive changes people.
Goals:Understand how individual action results in consequences;get to know fondamental principles of economics and the contrast between actual human behaviour and public view.