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) > iJie > Discussion Week 01: Introduction to Economic Thinking . . . Itidie bits(ELL: PS 10 53. BILBO] 4A118 Discussion Week 01: Introduction to Economic Thinking At 16 16 Goal: Apply fundamental economic concepts to your own life (Chapter 1) Describe a decision that you recently made. Give a brief summary of the situation that led you to make the decision. Write about your decision using marginal analysis . What were the opportunity costs of that decision? Describe the scarce resource(s) involved in the decision? In real life, are you able to make decisions marginal analysis is consciously used? In what circumstances is it difficult to do so