Bad Example of Powerpoint

1. Bad Example: Economics
Part 1
KATY C. WOODY
EDET 620

2. What is economics?
 Economics is the study of production, distribution,
and consumption of goods and services.
 Main problem in economics
 Scarcity =not having enough resources for
all of the wants.*
 Economics focuses on how people and
governments decide how to satisfy their
unlimited wants, with limited resources.

3. Resources
 Natural resources – comes from the land
 Land, minerals, oil, forests, air, and timber
 Capital Resources – manufactured help for production
 Tools, machines, equipment, factories
 Things used for production of goods and services
 Human Resources – physical and mental labor
Skills people have that are used to produce goods and services.
 Entrepreneur – the individual who combines the factors of
production in order to produce a good or service.
 Risk taker, policy maker, and innovator

4. Resources
 http://youtu.be/0PgP0dXAGAE?list=PL203A74277176204A

5. Opportunity Cost
When decisions are made there is always a cost
involved.
 Opportunity Cost= the value of what you must give
up when you make a particular choice.

6. Supply and demand
 Supply and Demand Interact to
determine price.
 Demand is the amount of a good or
service that consumers are willing
and able to buy at a certain price.
 Supply is the amount of a good or
service that producers are willing