SlideShare a Scribd company logo

Unit One, Chapter 1 Lecture

•Download as PPT, PDF•
•
Mr. Benson
Mr. Benson

Introduction to Economics: Scarcity, Factors of Production, Opportunity Cost.

Education
1 of 28
[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Super Happy Lecture Funtime!!!!!
[object Object]
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
 
 
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
 
Options Benefit Opportunity Cost 1 hour of extra study time Grade of C on test One hour of sleep 2 hours of extra study time Grade of B 2 hours of sleep 3 hours of extra study time Grade of B+ 3 hours of sleep 5+ hours of studying Auditory/visual hallucinations Lifetime of sanity
 
 
[object Object]
 
[object Object],[object Object],[object Object],[object Object]
 
 
 
 
[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
 
 
 

Recommended

What is Economics?
What is Economics?What is Economics?
What is Economics?msnashclasses
 
Int 2
Int 2Int 2
Int 2Gale Pooley
 
Lester brown
Lester brown Lester brown
Lester brown mikelink45
 
Full planet, empty plates [lester r. brown] summary
Full planet, empty plates [lester r. brown] summaryFull planet, empty plates [lester r. brown] summary
Full planet, empty plates [lester r. brown] summaryKarla Dominguez
 
Anshika needed for water and food scarcity
Anshika needed for water and food scarcityAnshika needed for water and food scarcity
Anshika needed for water and food scarcitychaiti04
 
Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...
Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...
Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...International Food Policy Research Institute (IFPRI)
 
What will be the impact of water scarcity on food security?
What will be the impact of water scarcity on food security?What will be the impact of water scarcity on food security?
What will be the impact of water scarcity on food security?International Water Management Institute (IWMI)
 
Food Scarcity
Food ScarcityFood Scarcity
Food ScarcityMorals Ethics
 

Recommended

What is Economics?
What is Economics?What is Economics?
What is Economics?msnashclasses
 
Int 2
Int 2Int 2
Int 2Gale Pooley
 
Lester brown
Lester brown Lester brown
Lester brown mikelink45
 
Full planet, empty plates [lester r. brown] summary
Full planet, empty plates [lester r. brown] summaryFull planet, empty plates [lester r. brown] summary
Full planet, empty plates [lester r. brown] summaryKarla Dominguez
 
Anshika needed for water and food scarcity
Anshika needed for water and food scarcityAnshika needed for water and food scarcity
Anshika needed for water and food scarcitychaiti04
 
Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...
Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...
Food Security in a World of Natural Resource Scarcity: The Role of Agricultur...International Food Policy Research Institute (IFPRI)
 
What will be the impact of water scarcity on food security?
What will be the impact of water scarcity on food security?What will be the impact of water scarcity on food security?
What will be the impact of water scarcity on food security?International Water Management Institute (IWMI)
 
Food Scarcity
Food ScarcityFood Scarcity
Food ScarcityMorals Ethics
 
C H A P T E R 1Economics The Study ofChoiceSTART UP E.docx
C H A P T E R 1Economics The Study ofChoiceSTART UP E.docxC H A P T E R 1Economics The Study ofChoiceSTART UP E.docx
C H A P T E R 1Economics The Study ofChoiceSTART UP E.docxjasoninnes20
 
Basic economic problem
Basic economic problemBasic economic problem
Basic economic problemPUSELETSO NDLOVU
 
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptx
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptxAPPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptx
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptxMelAnnDeLeonII1
 
1. What Is Economics
1. What Is Economics1. What Is Economics
1. What Is EconomicsSusanna Pierce
 
Test 1 study guide
Test 1 study guideTest 1 study guide
Test 1 study guideAgnesWilliam
 
Pe intro to econ
Pe intro to econPe intro to econ
Pe intro to econNick Allgyer
 
Economics slides
Economics slidesEconomics slides
Economics slidesDipuo Zakaria
 
Econ123by smk
Econ123by smkEcon123by smk
Econ123by smkDavid Schiff
 
World economies power point
World economies power pointWorld economies power point
World economies power pointMonica Martinez
 
Econ Intro PP.ppt
Econ Intro PP.pptEcon Intro PP.ppt
Econ Intro PP.pptgheoguillermo
 
BASIC ECONOMICS.ppt
BASIC ECONOMICS.pptBASIC ECONOMICS.ppt
BASIC ECONOMICS.pptLovelyCastillo3
 
Ch01
Ch01Ch01
Ch01Dorian K
 
demo presentation.pptx
demo presentation.pptxdemo presentation.pptx
demo presentation.pptxMelrodJohnCGumalal
 
E C O N O M I C S – C H A P T E R 1
E C O N O M I C S – C H A P T E R 1E C O N O M I C S – C H A P T E R 1
E C O N O M I C S – C H A P T E R 1rhalter
 
Chapter 1
Chapter 1Chapter 1
Chapter 1guest19e952
 
Scarcity, wants, & needs
Scarcity, wants, & needsScarcity, wants, & needs
Scarcity, wants, & needsRey Belen
 
C:\fakepath\chapter one basics of micro economics
C:\fakepath\chapter one basics of micro economicsC:\fakepath\chapter one basics of micro economics
C:\fakepath\chapter one basics of micro economicspcte
 
10 key elements_of_economics
10 key elements_of_economics10 key elements_of_economics
10 key elements_of_economicsWalaa Gabr
 
Pe unit #1 student
Pe unit #1 studentPe unit #1 student
Pe unit #1 studentNick Allgyer
 
Humanizing The Non Humans Final
Humanizing The Non Humans FinalHumanizing The Non Humans Final
Humanizing The Non Humans FinalMark Raygan Garcia
 
Warm Up,11
Warm Up,11Warm Up,11
Warm Up,11Mr. Benson
 
12.02.2009
12.02.200912.02.2009
12.02.2009Mr. Benson
 

More Related Content

Similar to Unit One, Chapter 1 Lecture

C H A P T E R 1Economics The Study ofChoiceSTART UP E.docx
C H A P T E R 1Economics The Study ofChoiceSTART UP E.docxC H A P T E R 1Economics The Study ofChoiceSTART UP E.docx
C H A P T E R 1Economics The Study ofChoiceSTART UP E.docxjasoninnes20
 
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptx
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptxAPPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptx
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptxMelAnnDeLeonII1
 
Test 1 study guide
Test 1 study guideTest 1 study guide
Test 1 study guideAgnesWilliam
 
World economies power point
World economies power pointWorld economies power point
World economies power pointMonica Martinez
 
E C O N O M I C S – C H A P T E R 1
E C O N O M I C S – C H A P T E R 1E C O N O M I C S – C H A P T E R 1
E C O N O M I C S – C H A P T E R 1rhalter
 
Scarcity, wants, & needs
Scarcity, wants, & needsScarcity, wants, & needs
Scarcity, wants, & needsRey Belen
 
C:\fakepath\chapter one basics of micro economics
C:\fakepath\chapter one basics of micro economicsC:\fakepath\chapter one basics of micro economics
C:\fakepath\chapter one basics of micro economicspcte
 
10 key elements_of_economics
10 key elements_of_economics10 key elements_of_economics
10 key elements_of_economicsWalaa Gabr
 
Pe unit #1 student
Pe unit #1 studentPe unit #1 student
Pe unit #1 studentNick Allgyer
 
Humanizing The Non Humans Final
Humanizing The Non Humans FinalHumanizing The Non Humans Final
Humanizing The Non Humans FinalMark Raygan Garcia
 

Similar to Unit One, Chapter 1 Lecture (20)

C H A P T E R 1Economics The Study ofChoiceSTART UP E.docx
C H A P T E R 1Economics The Study ofChoiceSTART UP E.docxC H A P T E R 1Economics The Study ofChoiceSTART UP E.docx
C H A P T E R 1Economics The Study ofChoiceSTART UP E.docx
 
Basic economic problem
Basic economic problemBasic economic problem
Basic economic problem
 
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptx
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptxAPPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptx
APPLIED ECONOMICS 11_ INTRODUCTION TO ECONOMICS.pptx
 
1. What Is Economics
1. What Is Economics1. What Is Economics
1. What Is Economics
 
Test 1 study guide
Test 1 study guideTest 1 study guide
Test 1 study guide
 
Pe intro to econ
Pe intro to econPe intro to econ
Pe intro to econ
 
Economics slides
Economics slidesEconomics slides
Economics slides
 
Econ123by smk
Econ123by smkEcon123by smk
Econ123by smk
 
World economies power point
World economies power pointWorld economies power point
World economies power point
 
Econ Intro PP.ppt
Econ Intro PP.pptEcon Intro PP.ppt
Econ Intro PP.ppt
 
BASIC ECONOMICS.ppt
BASIC ECONOMICS.pptBASIC ECONOMICS.ppt
BASIC ECONOMICS.ppt
 
Ch01
Ch01Ch01
Ch01
 
demo presentation.pptx
demo presentation.pptxdemo presentation.pptx
demo presentation.pptx
 
E C O N O M I C S – C H A P T E R 1
E C O N O M I C S – C H A P T E R 1E C O N O M I C S – C H A P T E R 1
E C O N O M I C S – C H A P T E R 1
 
Chapter 1
Chapter 1Chapter 1
Chapter 1
 
Scarcity, wants, & needs
Scarcity, wants, & needsScarcity, wants, & needs
Scarcity, wants, & needs
 
C:\fakepath\chapter one basics of micro economics
C:\fakepath\chapter one basics of micro economicsC:\fakepath\chapter one basics of micro economics
C:\fakepath\chapter one basics of micro economics
 
10 key elements_of_economics
10 key elements_of_economics10 key elements_of_economics
10 key elements_of_economics
 
Pe unit #1 student
Pe unit #1 studentPe unit #1 student
Pe unit #1 student
 
Humanizing The Non Humans Final
Humanizing The Non Humans FinalHumanizing The Non Humans Final
Humanizing The Non Humans Final
 

More from Mr. Benson

More from Mr. Benson (20)

Warm Up,11
Warm Up,11Warm Up,11
Warm Up,11
 
12.02.2009
12.02.200912.02.2009
12.02.2009
 
12.01.2009
12.01.200912.01.2009
12.01.2009
 
11.20.2009
11.20.200911.20.2009
11.20.2009
 
11.19.2009
11.19.200911.19.2009
11.19.2009
 
11.25.2009
11.25.200911.25.2009
11.25.2009
 
11.18.2009
11.18.200911.18.2009
11.18.2009
 
11.30.2009
11.30.200911.30.2009
11.30.2009
 
11.18.2009
11.18.200911.18.2009
11.18.2009
 
09
0909
09
 
09
0909
09
 
09
0909
09
 
09
0909
09
 
09
0909
09
 
09
0909
09
 
10
1010
10
 
10
1010
10
 
08
0808
08
 
09
0909
09
 
09
0909
09
 

Recently uploaded

2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptxMaritesTamaniVerdade
 
Understanding Accommodations and Modifications
Understanding Accommodations and ModificationsUnderstanding Accommodations and Modifications
Understanding Accommodations and ModificationsMJDuyan
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...ZurliaSoop
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Association for Project Management
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentationcamerronhm
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Jisc
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSCeline George
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...Poonam Aher Patil
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17Celine George
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxPoojaSen20
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibitjbellavia9
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfNirmal Dwivedi
 
PROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docxPROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docxPoojaSen20
 
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptxDyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptxcallscotland1987
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsMebane Rash
 

Recently uploaded (20)

2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
 
Understanding Accommodations and Modifications
Understanding Accommodations and ModificationsUnderstanding Accommodations and Modifications
Understanding Accommodations and Modifications
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
PROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docxPROCESS RECORDING FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
Asian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptxAsian American Pacific Islander Month DDSD 2024.pptx
Asian American Pacific Islander Month DDSD 2024.pptx
 
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptxDyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptx
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 

Unit One, Chapter 1 Lecture

  • 1.
  • 2.
  • 3.
  • 4. Super Happy Lecture Funtime!!!!!
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.  
  • 10.  
  • 11.
  • 12.
  • 13.  
  • 14. Options Benefit Opportunity Cost 1 hour of extra study time Grade of C on test One hour of sleep 2 hours of extra study time Grade of B 2 hours of sleep 3 hours of extra study time Grade of B+ 3 hours of sleep 5+ hours of studying Auditory/visual hallucinations Lifetime of sanity
  • 15.  
  • 16.  
  • 17.
  • 18.  
  • 19.
  • 20.  
  • 21.  
  • 22.  
  • 23.  
  • 24.
  • 25.
  • 26.  
  • 27.  
  • 28.