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Macro 2

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Gale Pooley
Gale Pooley

Macro 2

Economy & Finance
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Lecture 2 - Foundations Macroeconomics
Questions?
Every Trade One Price TwoValues Two Winners
Time Commitment Class 3 Hours Homework 6 Hours Total 9 Hours
Econ Lab Roger Room 117 Tuesdays 9pm - 11pm Wednesdays 6pm -10pm
Scarcity Choices
Make Better Choices
Economics How we create value for one another Cooperation
Can you make a pencil?
Think like an Economist
Words Numbers Illustrations
Economist’s Dictionary
Yabut Yes, but Weight Costs and Benefits
Then What Happens?
Who should make your choices?
Where is the iPhone made?
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
Made on Earth
Design Manufacturing Parts Assembly Packaging Shipping Marketing
What would you have to be paid to never use the Internet again? Then you must be a millionaire
Only possible because billions of people have learned to cooperate with each other To serve one another
The most creative-destructive device ever invented
What does it cost to ship an iPhone from China to the U.S.? 54¢ 450,000 iPhones cost about $242,000 to charter Fuel accounting for more than half the expense. 44,700 gallons
What is worth the most?

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Macro 2