101 lecture 1

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101 lecture 1

  1. 1. ECO 101 Microeconomics Wednesday, September 4, 13
  2. 2. Gale L. Pooley, Ph.D., MAI, MRICS, CCIM, SRA gpooley@alfaisal.edu Office B3-44 Wednesday, September 4, 13
  3. 3. Wednesday, September 4, 13
  4. 4. Wednesday, September 4, 13
  5. 5. Wednesday, September 4, 13
  6. 6. Wednesday, September 4, 13
  7. 7. Wednesday, September 4, 13
  8. 8. Wednesday, September 4, 13
  9. 9. Wednesday, September 4, 13
  10. 10. Wednesday, September 4, 13
  11. 11. Wednesday, September 4, 13
  12. 12. Wednesday, September 4, 13
  13. 13. Wednesday, September 4, 13
  14. 14. Wednesday, September 4, 13
  15. 15. Wednesday, September 4, 13
  16. 16. Wednesday, September 4, 13
  17. 17. Wednesday, September 4, 13
  18. 18. Wednesday, September 4, 13
  19. 19. Wednesday, September 4, 13
  20. 20. Wednesday, September 4, 13
  21. 21. Wednesday, September 4, 13
  22. 22. Wednesday, September 4, 13
  23. 23. Wednesday, September 4, 13
  24. 24. How did this happen? Wednesday, September 4, 13
  25. 25. Wednesday, September 4, 13
  26. 26. Prince Alwaleed bin Talal al Saud Wednesday, September 4, 13
  27. 27. Prince Alwaleed bin Talal al Saud Wednesday, September 4, 13
  28. 28. Prince Alwaleed bin Talal al Saud Bill Gates Wednesday, September 4, 13
  29. 29. Prince Alwaleed bin Talal al Saud Bill Gates Wednesday, September 4, 13
  30. 30. Scarcity Wednesday, September 4, 13
  31. 31. Scarcity Choices Wednesday, September 4, 13
  32. 32. Scarcity Choices Tradeoffs Wednesday, September 4, 13
  33. 33. Make Better Choices Wednesday, September 4, 13
  34. 34. Wednesday, September 4, 13
  35. 35. Wednesday, September 4, 13
  36. 36. Syllabus elearning.alfaisal.edu download and print Wednesday, September 4, 13
  37. 37. Time Commitment Class 3 Hours Homework 6 Hours Total 9 Hours Wednesday, September 4, 13
  38. 38. Class Blog afecon101.blogspot.com Moodle elearning.alfaisal.edu Wednesday, September 4, 13
  39. 39. eBook Download Use for Micro and Macro Wednesday, September 4, 13
  40. 40. Who is responsible for your education? Wednesday, September 4, 13
  41. 41. Who is responsible for your education? Good Grades or Knowledge? Wednesday, September 4, 13
  42. 42. Think like an Economist Wednesday, September 4, 13
  43. 43. Words Numbers Illustrations Wednesday, September 4, 13
  44. 44. Economist’s Dictionary Wednesday, September 4, 13
  45. 45. Facts Wednesday, September 4, 13
  46. 46. Facts Reasons Wednesday, September 4, 13
  47. 47. Facts Reasons who what where when how Wednesday, September 4, 13
  48. 48. Facts Reasons who what where when how why Wednesday, September 4, 13
  49. 49. Get the most out of life Wednesday, September 4, 13
  50. 50. Rational Incentives Margin Wednesday, September 4, 13
  51. 51. Optimize Tradeoffs Wednesday, September 4, 13
  52. 52. Tradeoffs Mileage Safety A 2001 National Academy of Sciences study estimated that the traffic death toll attributable to past downsizing was approximately 2,000 lives per year. Wednesday, September 4, 13
  53. 53. Economic Models Wednesday, September 4, 13
  54. 54. Economic Models SimplifiedVersion of Reality Wednesday, September 4, 13
  55. 55. Economic Models SimplifiedVersion of Reality Value in Prediction Wednesday, September 4, 13
  56. 56. Incentives Matter Wednesday, September 4, 13
  57. 57. Incentives Matter Change Incentives Change Behavior Wednesday, September 4, 13
  58. 58. Incentives are more important than goals Wednesday, September 4, 13
  59. 59. Consequences matter more than intentions Wednesday, September 4, 13
  60. 60. Unintended Consequences Wednesday, September 4, 13
  61. 61. Macro Micro Wednesday, September 4, 13
  62. 62. Wednesday, September 4, 13
  63. 63. Wednesday, September 4, 13
  64. 64. Wednesday, September 4, 13
  65. 65. Science Wednesday, September 4, 13
  66. 66. Science Hard Soft Wednesday, September 4, 13
  67. 67. Soft Science Wednesday, September 4, 13
  68. 68. Soft Science People don’t always do the same thing Wednesday, September 4, 13
  69. 69. Soft Science Wednesday, September 4, 13
  70. 70. Soft Science Most people most of the time Wednesday, September 4, 13
  71. 71. What is Wealth? Wednesday, September 4, 13
  72. 72. What is Wealth? What People Want Wednesday, September 4, 13
  73. 73. Get wealthy by making others happy Wednesday, September 4, 13
  74. 74. Every person has the power to create wealth Wednesday, September 4, 13
  75. 75. Because every person has the power to make someone happy Wednesday, September 4, 13
  76. 76. Wednesday, September 4, 13
  77. 77. What if Steve Jobs had been born in Syria like his father? Wednesday, September 4, 13
  78. 78. What is worth the most? Wednesday, September 4, 13
  79. 79. Where is the iPhone made? Wednesday, September 4, 13
  80. 80. Global Device Wednesday, September 4, 13
  81. 81. Global Device Wednesday, September 4, 13
  82. 82. Global Device Wednesday, September 4, 13
  83. 83. ARM Holdings Wolfson Marvel Skyworks CSR Linear Technologies NXP National Semiconductor Sharp Samsung Toshiba Infineon Broadcom Numonyx Micron Dialog Semiconductor Texas Instruments STMicroelectronics Silicon Storage RF Microdevices Cirrus Logic U.S. U.K. Germany Korea Japan Taiwan China Wednesday, September 4, 13
  84. 84. Where was this t-shirt made? Wednesday, September 4, 13
  85. 85. Where was this t-shirt made? Wednesday, September 4, 13
  86. 86. Wednesday, September 4, 13
  87. 87. Wednesday, September 4, 13
  88. 88. Wednesday, September 4, 13
  89. 89. Wednesday, September 4, 13
  90. 90. Ideas occur in minds not places Wednesday, September 4, 13
  91. 91. Hockey Stick Trends Wednesday, September 4, 13
  92. 92. Angus Maddison Wednesday, September 4, 13
  93. 93. Angus Maddison 1 AD Wednesday, September 4, 13
  94. 94. Angus Maddison 20121 AD Wednesday, September 4, 13
  95. 95. Angus Maddison 20121 AD $100 Wednesday, September 4, 13
  96. 96. Angus Maddison Income Per Person Per Day 20121 AD $100 Wednesday, September 4, 13
  97. 97. $3 Angus Maddison Income Per Person Per Day 20121 AD $100 Wednesday, September 4, 13
  98. 98. $3 Angus Maddison Income Per Person Per Day 20121 AD $100 Wednesday, September 4, 13
  99. 99. 20121 AD $3 $100 Angus Maddison Income Per Person Per Day Wednesday, September 4, 13
  100. 100. 20121 AD $3 $100 1820 Angus Maddison “The Millennium–Poor Until 1820” Income Per Person Per Day Wednesday, September 4, 13
  101. 101. 20121 AD $3 $100 $30 World 10x 1820 Angus Maddison “The Millennium–Poor Until 1820” Income Per Person Per Day Wednesday, September 4, 13
  102. 102. 20121 AD $3 $100 $30 World 10x Northern Europe North America 33x 1820 Angus Maddison “The Millennium–Poor Until 1820” Income Per Person Per Day Wednesday, September 4, 13
  103. 103. Slope Percentage Change Relationships Cause and Effect Areas Wednesday, September 4, 13
  104. 104. Wednesday, September 4, 13
  105. 105. Wednesday, September 4, 13
  106. 106. Wednesday, September 4, 13
  107. 107. Wednesday, September 4, 13
  108. 108. Wednesday, September 4, 13
  109. 109. Wednesday, September 4, 13
  110. 110. Wednesday, September 4, 13
  111. 111. Wednesday, September 4, 13
  112. 112. Wednesday, September 4, 13
  113. 113. X Y Wednesday, September 4, 13
  114. 114. X Y Quantity Price Wednesday, September 4, 13
  115. 115. X Y Quantity Price Q P Wednesday, September 4, 13
  116. 116. Q P Wednesday, September 4, 13
  117. 117. Q P Wednesday, September 4, 13
  118. 118. Q P Wednesday, September 4, 13
  119. 119. Q P Wednesday, September 4, 13
  120. 120. Q P Wednesday, September 4, 13
  121. 121. Q P Wednesday, September 4, 13

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