1. GOODS, SERVICES AND OPPORTUNITY COSTS

2. QUESTIONS TO LEARN Types of goods Services Types of needs
Economic choice and opportunity costs

3. teacher: Liubov Yurievna Spicyna School of Core Engineering Education Division for Social Sciences and Humanities associated professor
All course information is presented at my site All news and changes are at the same page. If you need to tell me anything important, call me ( ) or send

4. Micro and Macro economics: about the course
54 teaching hours, 36 lectures and 18 practices (autumn semester of 2018/2019 school year)
2 modules (Microeconomics and Macroeconomics)
3 credits (100 points assessment: 80 points for working, attendance and research, 20 points for exam)
The assessment to be sucsessful – learning activities assessments more than 55 points (tests, tasks, projects, control answers, attendance, research,exam)

5. Micro and Macro economics: attendance
You have to attend the lectures and practical studies in order to be assessed for successful course finish (15 points)
If you cannot attend the lesson, you are to tell about the reasons and bring me the supporting documents
You must answer my questions, solve the tests and perform project works within our course to be successful

6. HOMEWORK for today lesson
To tell some words about yourself (name, profession you are learning for, native country and type of its economy, the role of national government in economic life)
To tell about the characteristics of economic theory, economic model, economic data (explain the types of economic data). Give the examples for Microeconomics

7. the examples for Microeconomics economic theory:

8. the examples for Microeconomics economic model:

9. the examples for Microeconomics economic theory:

10. the examples for Microeconomics economic theory:

11. the examples for Microeconomics economic model:

12. the examples for Microeconomics economic model:

13. the examples for Microeconomics Visual (Graphical) economic model:

14. the examples for Microeconomics Empirical (Mathematical + graphical) economic model:

15. the examples for Microeconomics
economic data types classifications
Qualitative and quantitative
Microeconomic and macroeconomic indicators
Cross sectional, time period and panel data

16. Qualitative data refers to the data that approximates or characterizes but is unable to statistically measure any attributes. This type of data is descriptive in nature. 
Quantitative data in statistics is also known as categorical data. The data that can be arranged categorically based on the attributes and properties of a thing or a phenomenon.
The cake is orange, blue and black in color (qualitative).
Females have brown, black, blonde, and red hair (qualitative).

17. the examples for Microeconomics

18. the examples for Microeconomics

19. the examples for Microeconomics

20. the examples for Microeconomics

21. the examples for Microeconomics

22. the examples for Microeconomics

23. Types of goods

25. Types of goods
GOODS are the physical output of a firm producing a product meant for sale and consumption in a product market. Contrast with services, which are non-physical products produced and sold by firms to consumers, so it is A commodity, or a physical, tangible item that satisfies some human want or need, or something that people find useful or desirable and make an effort to acquire it

26. Types of goods

27. Types of goods

28. Services

29. Types of goods and services

30. Types of goods and services
In usage the goods may be divided at
Using many times (single time use)
Using one time (consumer durables)

36. Scarce resources and opportunity costs

37. Scarce resources and opportunity costs

46. HOMEWORK
At next lesson you are to make a presentation (4-5 slides) in such themes (everybody choose his/her own theme) :
To define what is the production possibility frontier
To show the role of PPF in economic growth theory
To explain the PPF and innovations correlation
To explain the PPF and environmental pollution