Arithmetic

Economic reasoning is fundamentally quantitative, so arithmetic operations are a bedrock foundation for much of what is to come.

Elements

1. 1.1.aAddition and Subtraction

   The ability to add or subtract.

2. 1.1.bMultiplication and Division

   The ability to multiply or divide.

3. 1.1.cCompute Expectations

   The ability to compute the expected value with given probabilities and values.