1. Economics 300 Global Economic Issues An Intro to Economics

2. We Are the Dismal Science

3. What Is Economics You know the drill—scarcity Basic questions:

4. Total government control – Government controls what is produced, how, and who gets it PLUS PLUS – Plus handing out all jobs, handing out all housing, food, telling firms what to do, setting all prices PLUS – Plus starts running industries like steel, cars, agriculture, distributing basic consumer goods like food and housing Plus – Plus provides certain programs like retirement and health care Plus Public – Night watchman plus provide some public services like roads, fire protection, education, science Night watchman state – Government provides police protection to avoid theft, enforces private contracts, assures property rights, provides national defense Total Individual Control – Individual control what is produced, and how, and who gets it

5. Which System is Best?

6. Starting Point For Our Global Economics Path Division of Labor

7. How Many Pins Can Someone Make?

8. Division of Labor: Firms

9. WOW

10. High Income Economy