Presentation is loading. Please wait.

Presentation is loading. Please wait.

What is economics? Vocabulary

Published byRafe Newman Modified over 5 years ago

Similar presentations

Presentation on theme: "What is economics? Vocabulary"— Presentation transcript:

1 What is economics? Vocabulary
Economics Trade-off Scarcity Opportunity Cost Factors of Production 14. Microeconomics Land Macroeconomics Labor Production Possibilities Curve Goods Economy Services Utility Capital Productivity Entrepreneurship Technology

2 What is economics? Unit 1 Vocabulary
Economics Trade-off Scarcity Opportunity Cost Factors of Production 14. Microeconomics Land Macroeconomics Labor Production Possibilities Curve Goods Economy Services Utility Capital Productivity Entrepreneurship Technology

Download ppt "What is economics? Vocabulary"

Similar presentations

Introduction to Economics

Introduction to Economics
What Is Economics? CHAPTER 1 SECTION 1: An Economic Way of Thinking

What Is Economics? CHAPTER 1 SECTION 1: An Economic Way of Thinking
 The study of economics explains how productive resources are used to provide the goods and services that satisfy human wants and needs.  Scarcity is.

 The study of economics explains how productive resources are used to provide the goods and services that satisfy human wants and needs.  Scarcity is.
Principles of Economics BIT-116 Introduction to Economics.

Principles of Economics BIT-116 Introduction to Economics.
AP Macroeconomics Key Assumptions in Economics, Scarcity, Opportunity Cost and the Production Possibilities Curve.

AP Macroeconomics Key Assumptions in Economics, Scarcity, Opportunity Cost and the Production Possibilities Curve.
Basic Economic Concepts. Economics  Scarcity  Resources are Limited (Money, Time, “Stuff”)  Wants are Unlimited (We want everything!)  Economics is.

Basic Economic Concepts. Economics  Scarcity  Resources are Limited (Money, Time, “Stuff”)  Wants are Unlimited (We want everything!)  Economics is.
AP Macroeconomics Key Assumptions in Economics, Scarcity, Opportunity Cost and the Production Possibilities Curve.

AP Macroeconomics Key Assumptions in Economics, Scarcity, Opportunity Cost and the Production Possibilities Curve.
Module 1A Economics and Choices

Module 1A Economics and Choices
Basic Problems in Economics Economics The study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited.

Basic Problems in Economics Economics The study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited.
Module The Production Possibilities Curve Model

Module The Production Possibilities Curve Model
Introduction to Economics. What is Economics? Economics is the study of how to allocate (spread/distribute) scarce resources among competing wants and.

Introduction to Economics. What is Economics? Economics is the study of how to allocate (spread/distribute) scarce resources among competing wants and.
SCARCITY  Economics is the study of how people make choices to satisfy their wants  For example:  You must choose how to spend your time  Businesses.

SCARCITY  Economics is the study of how people make choices to satisfy their wants  For example:  You must choose how to spend your time  Businesses.
Nature and Methods of Economics: The Study of Economics Fall 2013.

Nature and Methods of Economics: The Study of Economics Fall 2013.
Introduction to Economics What is “economics”? What are the basic ideas of Econ? Who helped to create the study of Econ? What is “economics”? What are.

Introduction to Economics What is “economics”? What are the basic ideas of Econ? Who helped to create the study of Econ? What is “economics”? What are.
What is Economics.  Main Idea: Scarce resources affect everyone and economists simplify the world to help us understand it.

What is Economics.  Main Idea: Scarce resources affect everyone and economists simplify the world to help us understand it.
Microeconomics Unit 1. Economics is … Social science Efficient use of limited or scarce resources Maximum satisfaction of human economic wants Study of.

Microeconomics Unit 1. Economics is … Social science Efficient use of limited or scarce resources Maximum satisfaction of human economic wants Study of.
The Factors of Production Game

The Factors of Production Game
Introduction to Economics Chapter 1 Section 1: The Basic Problem in Economics.

Introduction to Economics Chapter 1 Section 1: The Basic Problem in Economics.
Economic Bingo Chapter 1 Scarcity. Bingo Terms Scarcity*Scarcity Producer*Entrepreneur Economist*Natural Resource Capital Resource*Consumer Division of.

Economic Bingo Chapter 1 Scarcity. Bingo Terms Scarcity*Scarcity Producer*Entrepreneur Economist*Natural Resource Capital Resource*Consumer Division of.
Chapter 1. Learning Objective I can define economics and understand what causes the study of economics to exist.

Chapter 1. Learning Objective I can define economics and understand what causes the study of economics to exist.

Similar presentations

Ads by Google