1. Economics

2. Needs vs. Wants

3. Factors of Production List the factors of production, define and explain in the next three slides.

4. Natural Resources Define, list examples.

5. Human Resources Define, list examples.

6. Capital Resources Define, list examples.

7. Scarcity Define, explain, give an example.

8. Decision Making Process List the steps in the decision making process.

9. Three Basic Economic Questions List the three basic economic questions.

10. Types of Economies List and briefly explain the four types of economies.

11. Capitalism Define and list the four key characteristics.

12. Supply and Demand Define supply, define demand, explain how supply and demand interact.

13. Supply and Demand Determine Price Explain how supply and demand determine price, give examples (for example if supply is low and demand is high, price will be high).

14. Business Cycle Define it, list the four steps.

15. Business Cycle Illustration Create an illustration of the business cycle.

16. Measuring the Economy List and explain Gross Domestic Product, Unemployment Rate, and Consumer Spending.

17. Inflation Define it, explain how it affects the economy, discuss the Consumer Price Index (CPI).

18. Interest Rates Define it, explain how interest rates affect the economy, give examples.

19. Global Economy Explain how the economy has become global.

20. Expanding Globally List and explain the four ways to expand globally.

21. Credits List your sources of information and pictures here.