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Published byAusten Warner
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Needs vs. Wants
Factors of Production List the factors of production, define and explain in the next three slides.
Natural Resources Define, list examples.
Human Resources Define, list examples.
Capital Resources Define, list examples.
Scarcity Define, explain, give an example.
Decision Making Process List the steps in the decision making process.
Three Basic Economic Questions List the three basic economic questions.
Types of Economies List and briefly explain the four types of economies.
Capitalism Define and list the four key characteristics.
Supply and Demand Define supply, define demand, explain how supply and demand interact.
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).
Business Cycle Define it, list the four steps.
Business Cycle Illustration Create an illustration of the business cycle.
Measuring the Economy List and explain Gross Domestic Product, Unemployment Rate, and Consumer Spending.
Inflation Define it, explain how it affects the economy, discuss the Consumer Price Index (CPI).
Interest Rates Define it, explain how interest rates affect the economy, give examples.
Global Economy Explain how the economy has become global.
Expanding Globally List and explain the four ways to expand globally.
Credits List your sources of information and pictures here.
2 Our Global Economy 2-1 Economics and Decision Making
2 Economic Activity 2-1 Measuring Economic Activity
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 Economic Conditions Change Goals Describe the four phases of the business cycle. Explain.
Unit One Marketing Principles
Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.
SSEMA 1, 2.3. What is Macroeconomics? The study of the performance of our economy as a whole.
Macroeconomics that part of economic theory dealing with the economy as a whole and decision making by large units such as governments and unions Click.
Macroeconomics unit What you should know by now. You should be able to : Define the following: Gross Domestic Product (GDP) & the 4 components Unemployment.
E. Napp Business Cycle In this lesson, students will be able to identify characteristics of the business cycle. Students will be able to identify and/or.
© 2013 South-Western, a part of Cengage Learning. All rights reserved. Chapter 1 | Slide 1 Chapter 1: Exploring the World of Business and Economics.
Understanding Basic Economies
Unit 3: Macroeconomics By Ms. Lane. Doctors of Macroeconomics For this unit, you will be a doctor. Your patient is the economy of the country. Label the.
Chapter 2 Economic Activity Roblee. Gross Domestic Product (GDP) Economic growth refers to steady increase in production of goods and services in economic.
Macroeconomics THE BIG PICTURE
Chapter 3 political and economic analysis Section 3.1
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 2 SLIDE Measuring Economic Activity Economic Conditions.
Part Chapter © 2009 The McGraw-Hill Companies, Inc. All rights reserved. 1 McGraw-Hill How Economics Affects Business Chapter 2.
Understanding Basic Economics
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Measuring Economic Activity Economic Conditions Change 2-3.
2-1Measuring Economic Activity 2-2Economic Conditions Change 2-3Other Measure of Business Activity.
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