01 monday factors of production
•Download as PPT, PDF•
0 likes•275 views
1. Under a command economy, the government decides what and how much is produced through central planning rather than corporations or consumers. 2. When evaluating waiting in line for 3 hours for a free hamburger, the opportunity cost of that person's time was not considered, as well as the tradeoffs other consumers were making. 3. Improving one's GPA provides the incentive of increased opportunity through scholarships and potentially lower student loan interest rates. 4. Economists think at the margin by analyzing how small changes at the boundary, or margin, of economic decisions can impact the overall situation, such as how a small increase or decrease in price can impact the quantity demanded of a product.
Report
Share
Report
Share
Recommended
Monday factors of production
1. Under a command economy, government planners decide what and how much is produced rather than corporations or consumers.
2. The passage provides a short quiz about economic concepts including opportunity cost, incentives, and thinking at the margin.
3. It discusses key economic models like the circular flow model to illustrate the interconnectivity of firms, households, and factor and product markets in a free market system.
Macro 3
Macroeconomics Lecture 3 discusses measuring a nation's income through Gross Domestic Product (GDP). GDP is the market value of all final goods and services produced within a country in a given period of time. It is calculated as the sum of consumption (C), investment (I), government spending (G), and net exports (exports (X) minus imports (M)). The document provides an example calculation of GDP as the sum of C = $105, I = $40, G = $25, (X - M) = $10, which equals $180. GDP per capita is GDP divided by the population of a country.
Chapter 02 presentation
The document summarizes key concepts in economics including:
1. Economists play two roles as scientists who try to explain how the world works and as policy advisors who try to improve it.
2. Models like the circular flow diagram and production possibilities frontier (PPF) are used to simplify and illustrate economic concepts. The circular flow shows how resources and dollars flow between households and firms. The PPF shows the tradeoff between two goods based on available resources.
3. Microeconomics studies household and firm decisions in markets while macroeconomics examines overall economic performance and policy. Positive statements describe the world objectively while normative statements make value judgments about policy.
Thinking like an economist
this is notes on chapter 2 of ten principles of economics by mankiw. topics covered:
THE ROLE OF ASSUMPTIONS
ECONOMIC MODELS
THE CIRCULAR-FLOW DIAGRAM
THE PRODUCTION POSSIBILITIES FRONTIER
MICROECONOMICS AND MACROECONOMICS
THE ECONOMIST AS POLICY ADVISER
this is short notes on chapter 2 of ten principles of economics by manikiw
Ten Principles Of Economics
The document outlines 10 principles of economics: 1) People face tradeoffs when making decisions; 2) The cost of something is what you give up to get it; 3) Rational people think at the margin by comparing marginal costs and benefits; 4) People respond to incentives. Trade can make everyone better off and markets are generally a good way to organize economic activity, though governments can improve outcomes during market failures. A country's productivity determines its standard of living. Inflation results from too much money printing by the government, and there is a short-run tradeoff between inflation and unemployment.
Ten principles of economics ppt MBA
The document outlines 10 principles of economics: 1) People face tradeoffs when making decisions; 2) The cost of something is the opportunity cost or what is given up; 3) Rational people make decisions at the margin, weighing small incremental changes; 4) People respond to incentives; 5) Trade can make all parties better off through specialization; 6) Markets are generally efficient but governments can address market failures; 7) A country's standard of living depends on its productivity and production; 8) Inflation results from too much money growth; 9) There is a short-run tradeoff between inflation and unemployment.
Ten Principles of Economics
Brief presentation about Mankiw's 10 Principles of Economics as well as the Main Idea of Economics: Scarcity.
Ten principles of Economics
Gregory Mankiw in his Principles of Economics outlines Ten Principles of Economics that will replicate here, they are:
*People face trade-offs
*The cost of something is what you give up to get it
*Rational people think at the margin
*People respond to incentives
*Trade can make everyone better off
*Markets are usually a good way to organize economic activity
*Governments can sometimes improve market outcomes
*A country's standard of living depends on its ability to produce goods and services
*Prices rise when the government prints too much money
*Society faces a short-run tradeoff between Inflation and unemployment.
Recommended
Monday factors of production
1. Under a command economy, government planners decide what and how much is produced rather than corporations or consumers.
2. The passage provides a short quiz about economic concepts including opportunity cost, incentives, and thinking at the margin.
3. It discusses key economic models like the circular flow model to illustrate the interconnectivity of firms, households, and factor and product markets in a free market system.
Macro 3
Macroeconomics Lecture 3 discusses measuring a nation's income through Gross Domestic Product (GDP). GDP is the market value of all final goods and services produced within a country in a given period of time. It is calculated as the sum of consumption (C), investment (I), government spending (G), and net exports (exports (X) minus imports (M)). The document provides an example calculation of GDP as the sum of C = $105, I = $40, G = $25, (X - M) = $10, which equals $180. GDP per capita is GDP divided by the population of a country.
Chapter 02 presentation
The document summarizes key concepts in economics including:
1. Economists play two roles as scientists who try to explain how the world works and as policy advisors who try to improve it.
2. Models like the circular flow diagram and production possibilities frontier (PPF) are used to simplify and illustrate economic concepts. The circular flow shows how resources and dollars flow between households and firms. The PPF shows the tradeoff between two goods based on available resources.
3. Microeconomics studies household and firm decisions in markets while macroeconomics examines overall economic performance and policy. Positive statements describe the world objectively while normative statements make value judgments about policy.
Thinking like an economist
this is notes on chapter 2 of ten principles of economics by mankiw. topics covered:
THE ROLE OF ASSUMPTIONS
ECONOMIC MODELS
THE CIRCULAR-FLOW DIAGRAM
THE PRODUCTION POSSIBILITIES FRONTIER
MICROECONOMICS AND MACROECONOMICS
THE ECONOMIST AS POLICY ADVISER
this is short notes on chapter 2 of ten principles of economics by manikiw
Ten Principles Of Economics
The document outlines 10 principles of economics: 1) People face tradeoffs when making decisions; 2) The cost of something is what you give up to get it; 3) Rational people think at the margin by comparing marginal costs and benefits; 4) People respond to incentives. Trade can make everyone better off and markets are generally a good way to organize economic activity, though governments can improve outcomes during market failures. A country's productivity determines its standard of living. Inflation results from too much money printing by the government, and there is a short-run tradeoff between inflation and unemployment.
Ten principles of economics ppt MBA
The document outlines 10 principles of economics: 1) People face tradeoffs when making decisions; 2) The cost of something is the opportunity cost or what is given up; 3) Rational people make decisions at the margin, weighing small incremental changes; 4) People respond to incentives; 5) Trade can make all parties better off through specialization; 6) Markets are generally efficient but governments can address market failures; 7) A country's standard of living depends on its productivity and production; 8) Inflation results from too much money growth; 9) There is a short-run tradeoff between inflation and unemployment.
Ten Principles of Economics
Brief presentation about Mankiw's 10 Principles of Economics as well as the Main Idea of Economics: Scarcity.
Ten principles of Economics
Gregory Mankiw in his Principles of Economics outlines Ten Principles of Economics that will replicate here, they are:
*People face trade-offs
*The cost of something is what you give up to get it
*Rational people think at the margin
*People respond to incentives
*Trade can make everyone better off
*Markets are usually a good way to organize economic activity
*Governments can sometimes improve market outcomes
*A country's standard of living depends on its ability to produce goods and services
*Prices rise when the government prints too much money
*Society faces a short-run tradeoff between Inflation and unemployment.
Chapter 1 What Is Economics
1. Economics is the study of how people make choices to satisfy their wants given scarce resources and unlimited needs. Scarcity means limited resources to meet unlimited wants.
2. There are three factors of production - land, labor, and capital. Land includes natural resources, labor includes human effort, and capital includes human-made resources used to produce goods and services.
3. Opportunity cost refers to the best alternative given up when making a choice. It is measured in terms of the highest valued alternative forgone or not chosen. A production possibilities graph shows the maximum possible output combinations of two items an economy can produce with limited resources.
Thinking Like An Economist_Chapter 2_By G. Mankew
Microeconomics slides for all students.
Principles of Microeconomics by G. Mankew
Chapter #2
Thinking like an Economist
ten principles of economics, basics of economics,economics
short notes on chapter 1 of economics book by mankiw
topics covered
What is economics?
HOW PEOPLE MAKE DECISIONS
HOW PEOPLE INTERACT
HOW THE ECONOMY AS A WHOLE WORKS
Ten principles of economics
This chapter introduces the 10 principles of economics. It establishes that economics studies how people make choices under scarcity. Resources are limited but needs and wants are not, so people must make tradeoffs. Rational decision making involves considering costs, like opportunity costs, and responding to incentives. Trade can make all parties better off through markets, though governments sometimes need to improve outcomes. A country's production ability determines living standards, while too much money printing causes inflation, and societies face short-run tradeoffs between inflation and unemployment.
Thinking Like an Economist
This document discusses how economists approach their work as scientists and policy advisors. It outlines the basic models and terminology used in economics, including the circular flow diagram and production possibilities frontier. The document also distinguishes between positive and normative analyses and statements, and notes that while economists aim to be objective, they may disagree in their policy recommendations due to differing scientific or value judgments.
Edexcel practice paper 1 (b)
- Starbucks has had success in China but has faced criticism for high prices. It has adopted a localization strategy including store designs that reflect local culture and adding popular local flavors.
- Spotify dominates the music streaming market but faces challenges from competitors differentiating their offerings and royalty costs reducing profits despite rising revenues.
- Nissan faces uncertainty from Brexit but has cut European prices for its electric Leaf model. A UK consumer could save over £1,000 buying from France due to the weak pound.
7 principles of Economics
This document discusses several key economic fundamentals: 1) Scarcity forces tradeoffs because resources are limited while wants are unlimited, requiring choices between alternatives. 2) Trade makes people better off by allowing exchange of goods and services. 3) Markets coordinate trade as buyers and sellers interact to reach agreements that satisfy both parties. Choices involve comparing costs versus benefits and considering marginal impacts as well as how incentives and future consequences influence decisions.
Group Philippines - 10 Principles
People face tradeoffs in their choices. Markets are generally a good system for organizing economic activity by allowing decentralized decisions between households and firms through buying and selling. However, markets are imperfect and sometimes require government intervention to correct market failures or reduce inequality.
Principles of economics (Chapter 1)
This chapter introduces some of the key principles of economics. It discusses that economics addresses questions about how societies manage scarce resources. It explores four main principles: how people make decisions, how people interact, how markets usually provide a good way to organize economic activity, and how governments can sometimes improve market outcomes. The chapter provides examples and discussion of opportunity costs, incentives, trade, and the role of prices in allocating resources. It also addresses how a country's standard of living depends on its ability to produce goods and services.
Ten Principles of Economics
This document outlines 10 principles of economics and introduces the concepts of scarcity, choice, cost, and how economics studies how society manages its scarce resources. It explains that economics involves studying how people make decisions, interact with each other, and how forces affect the overall economy. The 10 principles cover topics like tradeoffs, incentives, markets, trade, production, inflation, and unemployment.
Ten Principles of Economics - Micro & Macro Economics
Ten Principles of Economics
Principle #1: People Face Trade-offs.
Principle #2: The Cost of Something Is What You Give Up to Get It.
Principle #3: Rational People Think at the Margin.
Principle #4: People Respond to Incentives.
Principle #5: Trade Can Make Everyone Better Off.
Principle #6: Markets Are Usually a Good Way to Organize Economic Activity.
Principle #7: Governments Can Sometimes Improve Market Outcomes.
Principle #8: The Standard of Living Depends on a Country’s Production.
Principle #9: Prices Rise When the Government Prints Too Much Money.
Principle #10: Society Faces a Short-run Trade-off Between Inflation and Unemployment.
thinking like an economist
The document discusses how economists think and analyze problems. It explains that economists use scientific methods like developing theories, collecting data, and building simplified models to understand complex real-world issues. Two core economic models described are the circular-flow diagram, which shows how resources circulate between households and businesses, and the production possibilities frontier, which illustrates production trade-offs. The document also distinguishes microeconomics from macroeconomics and explains how economists can analyze problems positively or make normative policy recommendations.
Introduction to Economics
This document outlines 10 principles of economics:
1) People face tradeoffs when making decisions that require choosing one goal over another.
2) The cost of something is measured by what one gives up to obtain it, known as opportunity cost.
3) Rational people make decisions by comparing marginal costs and benefits of small incremental changes.
4) Markets are usually a good way to organize economic activity as they allow for specialization and gains from trade, but governments can intervene to address market failures or inequities.
5) A country's standard of living depends on its level of productivity and production.
Ten Principles of Economics
This document is a PowerPoint presentation summarizing the 10 principles of economics according to the textbook "Principles of Economics" by N. Gregory Mankiw. It discusses key economic concepts like scarcity, tradeoffs, costs and benefits, incentives, markets, market failures, productivity, inflation, and the relationship between inflation and unemployment.
10 Principles of Economics
How People Make Decisions
People Face Trade-offs
Rational People Think at the Margin
People Respond to Incentives
How People Interact
Trade Can Make Everyone Better off
Markets Are usually a Good Way to Organize Economic Activity
Government Can Sometimes Improve Market Outcomes
How the Economy as a Whole Works
A Country’s Standard of Living Depends on its Ability to Produce Goods and Services
Prices Rise When the Government Prints Too Much Money
Society Faces a Short-Run Trade-off between Inflation and Unemployment
Ten principles of economics
The document outlines 10 principles of economics:
1. People face tradeoffs in decision making as resources are scarce.
2. The cost of something is measured by what one gives up to obtain it, including opportunity costs.
3. Rational people think at the margin, weighing marginal costs against marginal benefits.
ten principles of economics
This document summarizes 10 principles of economics from a PowerPoint presentation. It discusses that individuals face tradeoffs in decision making; the cost of something is the next best alternative forgone; and people respond rationally to incentives at the margin. Markets are generally efficient but governments can improve outcomes during market failures. A nation's production and productivity determine living standards, while inflation is caused by increasing the money supply too quickly and creates a short-term tradeoff with unemployment.
Unit #1 student
The document provides an overview of basic economic principles including what economics is, the fundamental economic problem of scarcity, and the three basic economic questions of what, how, and for whom to produce goods and services. It defines the four factors of production as land, labor, capital, and entrepreneurship. It also discusses concepts like productivity, production, economic decision making including tradeoffs and opportunity costs, and different economic systems including market economies.
Ten principles of economics
The document outlines 10 principles of economics according to Dr. Subir Maitra:
1) People face tradeoffs in decision making that require balancing alternative goals.
2) The cost of any choice is the forgone opportunity.
3) Rational individuals make marginal comparisons between costs and benefits.
4) People respond to incentives that influence their behavior.
5) Voluntary trade can make all parties better off through specialization and gains from exchange.
10 principles of economics
This document provides an introduction to economics. It defines economics as the study of how individuals and societies make decisions about using scarce resources to fulfill wants and needs. It then discusses microeconomics, which examines individual economic decisions, and macroeconomics, which examines the overall economy. The document outlines the key economic questions of what, how much, how, for whom, and who decides production. It also summarizes Adam Smith's concept of the invisible hand and the principles of scarcity, opportunity cost, and incentives.
1 comprensión de oraciones
Este documento presenta una serie de imágenes con frases que describen la imagen y preguntas sobre encontrar palabras relacionadas o no con la imagen. El lector debe seleccionar la frase que mejor describe cada imagen y encontrar palabras que no están relacionadas.
Hyper-V Dynamic Memory in Depth
Hyper-V Dynamic Memory allows virtual machines to dynamically adjust their memory usage. It uses techniques like ballooning and external page sharing to optimize memory allocation. The goal is to improve consolidation ratios with minimal performance impact. Dynamic Memory treats memory as a dynamically schedulable resource like CPU. It adds memory to VMs when needed and reclaims unused memory periodically to improve overall utilization.
More Related Content
What's hot
Chapter 1 What Is Economics
1. Economics is the study of how people make choices to satisfy their wants given scarce resources and unlimited needs. Scarcity means limited resources to meet unlimited wants.
2. There are three factors of production - land, labor, and capital. Land includes natural resources, labor includes human effort, and capital includes human-made resources used to produce goods and services.
3. Opportunity cost refers to the best alternative given up when making a choice. It is measured in terms of the highest valued alternative forgone or not chosen. A production possibilities graph shows the maximum possible output combinations of two items an economy can produce with limited resources.
Thinking Like An Economist_Chapter 2_By G. Mankew
Microeconomics slides for all students.
Principles of Microeconomics by G. Mankew
Chapter #2
Thinking like an Economist
ten principles of economics, basics of economics,economics
short notes on chapter 1 of economics book by mankiw
topics covered
What is economics?
HOW PEOPLE MAKE DECISIONS
HOW PEOPLE INTERACT
HOW THE ECONOMY AS A WHOLE WORKS
Ten principles of economics
This chapter introduces the 10 principles of economics. It establishes that economics studies how people make choices under scarcity. Resources are limited but needs and wants are not, so people must make tradeoffs. Rational decision making involves considering costs, like opportunity costs, and responding to incentives. Trade can make all parties better off through markets, though governments sometimes need to improve outcomes. A country's production ability determines living standards, while too much money printing causes inflation, and societies face short-run tradeoffs between inflation and unemployment.
Thinking Like an Economist
This document discusses how economists approach their work as scientists and policy advisors. It outlines the basic models and terminology used in economics, including the circular flow diagram and production possibilities frontier. The document also distinguishes between positive and normative analyses and statements, and notes that while economists aim to be objective, they may disagree in their policy recommendations due to differing scientific or value judgments.
Edexcel practice paper 1 (b)
- Starbucks has had success in China but has faced criticism for high prices. It has adopted a localization strategy including store designs that reflect local culture and adding popular local flavors.
- Spotify dominates the music streaming market but faces challenges from competitors differentiating their offerings and royalty costs reducing profits despite rising revenues.
- Nissan faces uncertainty from Brexit but has cut European prices for its electric Leaf model. A UK consumer could save over £1,000 buying from France due to the weak pound.
7 principles of Economics
This document discusses several key economic fundamentals: 1) Scarcity forces tradeoffs because resources are limited while wants are unlimited, requiring choices between alternatives. 2) Trade makes people better off by allowing exchange of goods and services. 3) Markets coordinate trade as buyers and sellers interact to reach agreements that satisfy both parties. Choices involve comparing costs versus benefits and considering marginal impacts as well as how incentives and future consequences influence decisions.
Group Philippines - 10 Principles
People face tradeoffs in their choices. Markets are generally a good system for organizing economic activity by allowing decentralized decisions between households and firms through buying and selling. However, markets are imperfect and sometimes require government intervention to correct market failures or reduce inequality.
Principles of economics (Chapter 1)
This chapter introduces some of the key principles of economics. It discusses that economics addresses questions about how societies manage scarce resources. It explores four main principles: how people make decisions, how people interact, how markets usually provide a good way to organize economic activity, and how governments can sometimes improve market outcomes. The chapter provides examples and discussion of opportunity costs, incentives, trade, and the role of prices in allocating resources. It also addresses how a country's standard of living depends on its ability to produce goods and services.
Ten Principles of Economics
This document outlines 10 principles of economics and introduces the concepts of scarcity, choice, cost, and how economics studies how society manages its scarce resources. It explains that economics involves studying how people make decisions, interact with each other, and how forces affect the overall economy. The 10 principles cover topics like tradeoffs, incentives, markets, trade, production, inflation, and unemployment.
Ten Principles of Economics - Micro & Macro Economics
Ten Principles of Economics
Principle #1: People Face Trade-offs.
Principle #2: The Cost of Something Is What You Give Up to Get It.
Principle #3: Rational People Think at the Margin.
Principle #4: People Respond to Incentives.
Principle #5: Trade Can Make Everyone Better Off.
Principle #6: Markets Are Usually a Good Way to Organize Economic Activity.
Principle #7: Governments Can Sometimes Improve Market Outcomes.
Principle #8: The Standard of Living Depends on a Country’s Production.
Principle #9: Prices Rise When the Government Prints Too Much Money.
Principle #10: Society Faces a Short-run Trade-off Between Inflation and Unemployment.
thinking like an economist
The document discusses how economists think and analyze problems. It explains that economists use scientific methods like developing theories, collecting data, and building simplified models to understand complex real-world issues. Two core economic models described are the circular-flow diagram, which shows how resources circulate between households and businesses, and the production possibilities frontier, which illustrates production trade-offs. The document also distinguishes microeconomics from macroeconomics and explains how economists can analyze problems positively or make normative policy recommendations.
Introduction to Economics
This document outlines 10 principles of economics:
1) People face tradeoffs when making decisions that require choosing one goal over another.
2) The cost of something is measured by what one gives up to obtain it, known as opportunity cost.
3) Rational people make decisions by comparing marginal costs and benefits of small incremental changes.
4) Markets are usually a good way to organize economic activity as they allow for specialization and gains from trade, but governments can intervene to address market failures or inequities.
5) A country's standard of living depends on its level of productivity and production.
Ten Principles of Economics
This document is a PowerPoint presentation summarizing the 10 principles of economics according to the textbook "Principles of Economics" by N. Gregory Mankiw. It discusses key economic concepts like scarcity, tradeoffs, costs and benefits, incentives, markets, market failures, productivity, inflation, and the relationship between inflation and unemployment.
10 Principles of Economics
How People Make Decisions
People Face Trade-offs
Rational People Think at the Margin
People Respond to Incentives
How People Interact
Trade Can Make Everyone Better off
Markets Are usually a Good Way to Organize Economic Activity
Government Can Sometimes Improve Market Outcomes
How the Economy as a Whole Works
A Country’s Standard of Living Depends on its Ability to Produce Goods and Services
Prices Rise When the Government Prints Too Much Money
Society Faces a Short-Run Trade-off between Inflation and Unemployment
Ten principles of economics
The document outlines 10 principles of economics:
1. People face tradeoffs in decision making as resources are scarce.
2. The cost of something is measured by what one gives up to obtain it, including opportunity costs.
3. Rational people think at the margin, weighing marginal costs against marginal benefits.
ten principles of economics
This document summarizes 10 principles of economics from a PowerPoint presentation. It discusses that individuals face tradeoffs in decision making; the cost of something is the next best alternative forgone; and people respond rationally to incentives at the margin. Markets are generally efficient but governments can improve outcomes during market failures. A nation's production and productivity determine living standards, while inflation is caused by increasing the money supply too quickly and creates a short-term tradeoff with unemployment.
Unit #1 student
The document provides an overview of basic economic principles including what economics is, the fundamental economic problem of scarcity, and the three basic economic questions of what, how, and for whom to produce goods and services. It defines the four factors of production as land, labor, capital, and entrepreneurship. It also discusses concepts like productivity, production, economic decision making including tradeoffs and opportunity costs, and different economic systems including market economies.
Ten principles of economics
The document outlines 10 principles of economics according to Dr. Subir Maitra:
1) People face tradeoffs in decision making that require balancing alternative goals.
2) The cost of any choice is the forgone opportunity.
3) Rational individuals make marginal comparisons between costs and benefits.
4) People respond to incentives that influence their behavior.
5) Voluntary trade can make all parties better off through specialization and gains from exchange.
10 principles of economics
This document provides an introduction to economics. It defines economics as the study of how individuals and societies make decisions about using scarce resources to fulfill wants and needs. It then discusses microeconomics, which examines individual economic decisions, and macroeconomics, which examines the overall economy. The document outlines the key economic questions of what, how much, how, for whom, and who decides production. It also summarizes Adam Smith's concept of the invisible hand and the principles of scarcity, opportunity cost, and incentives.
What's hot (20)
ten principles of economics, basics of economics,economics
ten principles of economics, basics of economics,economics
Ten Principles of Economics - Micro & Macro Economics
Ten Principles of Economics - Micro & Macro Economics
Viewers also liked
1 comprensión de oraciones
Este documento presenta una serie de imágenes con frases que describen la imagen y preguntas sobre encontrar palabras relacionadas o no con la imagen. El lector debe seleccionar la frase que mejor describe cada imagen y encontrar palabras que no están relacionadas.
Hyper-V Dynamic Memory in Depth
Hyper-V Dynamic Memory allows virtual machines to dynamically adjust their memory usage. It uses techniques like ballooning and external page sharing to optimize memory allocation. The goal is to improve consolidation ratios with minimal performance impact. Dynamic Memory treats memory as a dynamically schedulable resource like CPU. It adds memory to VMs when needed and reclaims unused memory periodically to improve overall utilization.
RSA Online Fraud Report - August 2014
Cybercriminal in Brazil shares mobile credit card store app
RSA agents recently traced a threat actor advertising a mobile credit card store application. The cybercriminal shared the information on his Facebook page, including
methods for using the app and links for downloading it. Besides the obvious purpose of selling compromised credentials, launching the application on a mobile device also prompts requests for user permissions, which can give the application the kind of control over the device that is usually associated with malicious malware applications
Wrk
The document discusses work-life balance and its importance. It defines work-life balance as the perfect integration between work and life without interference. Poor work-life balance can lead to stress, physical problems, relational problems, decreased performance, and disturbed families. Achieving work-life balance requires planning work, providing flexibility, effective communication, organizational culture, stress management, and time management. Both organizations and employees must work together to develop strategies to help attain work-life balance.
Battle of the Scales: Examining Respondent Scale Usage across 10 countries
2013 CASRO Online Research Conference Presentation by: Melanie Courtright, Kartik Pashupati and Annie Pettit
Windows Server 2012 Disk Dedupe
TechNet webast by Mike Resseler. Session recording: http://technet.microsoft.com/en-us/video/windows-server-2012-data-deduplication.
FIRM: Capability-based Inline Mediation of Flash Behaviors
This paper presents a system that enforces finer-grained access control on a Flash application and its hosting web page. The approach embeds an inline reference monitor (IRM) within the hosting page and mediates the interactions between the DOM objects and Flash applications. It can be deployed without making any changes to browsers.
Goderich Hockeyville
A hockey team from Goderich, Ontario won regional championships after a tornado hit their town. Despite coming from a small, tornado-damaged community, the Goderich Peewee AE team went on to compete in the national championships in Niagara Falls against teams from across North America. The document describes how the community came together after the tornado and the hockey team's success in regional and national tournaments.
Biren Shah
Biren Shah is a business manager and construction technologist who works in design and project management, turning interior projects. He is excellent at managing businesses through idea generation, business strategy formation, and optimizing time, quality and cost. Biren has worked for great organizations and with talented teams. He currently works with a major Indian retail giant and runs a creative design studio specializing in interior design projects.
vCloud Air Network Has Arrived
VMware vCloud Air Network offers a path to the hybrid cloud with VMware-based infrastructure, management, and security models that allow users to leverage existing data center investments in the cloud to lower costs. The global network includes over 100 validated cloud services providers across 38 countries, giving users unprecedented choice and data sovereignty by storing and managing customer data locally. The VMware vCloud Air Network provides the largest network of validated cloud services based on VMware technology, along with security, compliance, certifications and cloud offerings to streamline the transition to the cloud.
Cvpw
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Zipcar For Business Meet Your New Company Car
Zipcar is a car sharing service that allows companies to access vehicles by the hour without ownership. Employees can reserve vehicles online and access them with their member cards. Zipcar aims to save businesses time, money, and hassle over alternatives like car rental, taxis, public transit, and private vehicle usage. Opening a Zipcar for Business account is straightforward and provides on-demand access to over 9,000 vehicles across the UK and North America.
Thur quizzes
The document contains instructions for several classroom assignments. It provides guidance on reading a text about an unfamiliar culture and noting unusual cultural norms. Students are asked to draw a picture depicting the six cultural norms discussed. A second assignment involves researching and describing geographical and economic information about a selected country, including its location, physical features, population, size, language, resources, and flag. An optional extra credit question asks students to identify a famous person from the country and why they are famous.
Remembering God- Your Future Depends on It
This document discusses remembering God and relying on Him to guide one's path. It provides three scenarios about people - Erica, Rachel, and Tasha - and lessons learned from each. Erica did not contact college recruiters due to past experiences, Rachel was disappointed about a job because she relied on her own understanding rather than God, and Tasha had faith that God would lead her future even though her friends laughed. The key message is to trust in God completely with every decision and He will direct one's steps and crown their efforts with success.
Viewers also liked (20)
Battle of the Scales: Examining Respondent Scale Usage across 10 countries
Battle of the Scales: Examining Respondent Scale Usage across 10 countries
FIRM: Capability-based Inline Mediation of Flash Behaviors
FIRM: Capability-based Inline Mediation of Flash Behaviors
Similar to 01 monday factors of production
Day2
This document contains a quiz with multiple choice and short answer questions about economic concepts like firms, opportunity cost, entrepreneurs, and the circular flow model. It also includes assignments on topics like business organizations, corporations, and investing. Some key points covered include the definition of a firm as a business, the benefits of different business structures like sole proprietorships and corporations, and how households and businesses interact in a market economy.
Micro Economics Micro Economics ECO101
This document provides an introduction to microeconomics and macroeconomics. It defines key microeconomic concepts such as scarcity, opportunity costs, marginal costs and benefits, and exchange. It also defines macroeconomics and discusses positive and normative statements. Microeconomics examines individual units like households and firms, while macroeconomics looks at aggregate markets and the overall economy. Models discussed include the circular flow diagram and the production possibilities frontier.
Productivity pp fs
This document discusses key economic concepts including factors of production, productivity, and the circular flow model. It provides examples and prompts discussion questions to help explain these concepts. Specifically, it defines the four factors of production as land, labor, capital, and entrepreneurship/new ideas. It also discusses how increases in productivity can lead to economic growth and provides examples of how technology, education, cheaper inputs, and globalization can increase productivity.
E unit #1 student
The document provides an overview of basic economic principles including:
1. Economics is the study of how people make choices with scarce resources. Societies must answer what, how, and for whom goods and services are produced.
2. The four factors of production are land, labor, capital, and entrepreneurship. Entrepreneurs take risks by combining factors of production to create new products and drive competition.
3. The US economy is a mixed economy that incorporates both private markets and government intervention to achieve goals like economic equity and security.
IntroductiontoEconomics.ppt
The document provides an introduction to economics. It discusses [1] how economics deals with scarce resources and unlimited wants, posing problems of what, how, and for whom to produce goods and services, [2] the different types of resources including land, labor, capital, and entrepreneurial talent, and [3] some objectives and pitfalls of economic reasoning including efficiency, equity, and avoiding logical fallacies.
IntroductiontoEconomics.pptuuuyuiioooiuu
The document provides an introduction to economics. It discusses [1] how economics deals with scarce resources and unlimited wants, posing problems of what, how, and for whom to produce goods and services, [2] the different types of resources including land, labor, capital, and entrepreneurial talent, and [3] some objectives and pitfalls of economic reasoning including efficiency, equity, and avoiding logical fallacies.
2015 day 2
The document contains a quiz covering various economic concepts including defining a firm, opportunity cost, and why entrepreneurs are important to society. It also includes sample activities on trade, business organizations, and investing. Students are asked questions about starting a business, different business structures like corporations and non-profits, and key economic models such as the circular flow and mixed economies.
Pe unit #1 student
1. The document provides an introduction to basic economic concepts such as scarcity, factors of production, and different economic systems. It defines economics as the study of how people make choices with limited resources.
2. It describes the fundamental economic problem of scarcity and how societies must answer questions about production, distribution, and consumption of goods and services. The three main factors of production are land, labor, and capital.
3. The document introduces the concept of mixed economies and the circular flow model to illustrate how markets for goods/services and factors of production work in a mixed economy like the United States.
Ch. 17 the economic system
The document discusses the key aspects of different economic systems and how businesses operate within a market economy. It covers the following main points:
1) There are three basic types of economic systems - traditional, command, and market economies. The US has a market economy also known as capitalism where economic decisions are made by individuals and businesses.
2) Businesses operate in a market economy to make a profit by providing goods and services to consumers. Supply and demand determines prices. Competition and incentives for innovation are important aspects of capitalism.
3) Most American businesses started as sole proprietorships or partnerships and later grew into corporations to raise more money through selling stock and bonds. Corporations function through elected directors and boards.
Economics
This document discusses key concepts in economics such as scarcity, opportunity cost, demand and supply, and different types of economic systems. It defines economics as examining how people make choices given scarce resources. Opportunity cost is the best alternative given up when making a choice. Scarcity forces people to make choices among limited alternatives. Demand refers to how much of a good or service consumers are willing to buy at different prices. Capitalism is based on private ownership and competition between businesses aims to maximize profits. Developing nations have little industry while newly developed nations have recently industrialized significantly. Gross domestic product measures the total value of goods and services produced within a nation's borders each year.
Ap macroeconomics review slides
The document provides an overview and outline of topics covered on the AP Macroeconomics exam, including:
- Basic economic concepts such as scarcity, opportunity cost, and production possibilities frontier.
- Economic systems such as command, market, and mixed economies as well as allocative efficiency.
- Microeconomic topics including supply and demand, equilibrium, and government policies.
- Macroeconomic measurement including GDP, inflation, unemployment, and economic growth.
- Fiscal and monetary policy, money and banking, aggregate demand and supply, and international trade.
The exam format is outlined as 60 multiple choice questions in 70 minutes on definitions, analysis, and synthesis plus 3 free response questions worth 33.
Economics 1 workshop1
This document provides an introduction to economics concepts. It discusses how economics seeks to understand how limited resources are used to satisfy unlimited human wants. It also summarizes the key questions of what, how, when, where, and for whom goods and services are produced. The document introduces microeconomics, macroeconomics, and the fundamental concepts of opportunity costs, production possibilities frontiers, marginal costs, and marginal benefits. It explains how economics analyzes human decision-making and tradeoffs between alternatives.
Economics review
This document provides an overview of civics EOC review for economics goals 7-10. It defines the four factors of production and provides examples. It discusses wants vs needs, scarcity and choices, tradeoffs and opportunity costs, specialization and division of labor. It also covers different economic systems, features of the US economic system including private ownership and competition. Additional topics covered include supply and demand, money, business cycles, fiscal and monetary policy, and domestic and international trade.
Pe intro to econ
1. The document discusses basic economic concepts including scarcity, factors of production, opportunity cost, and different economic systems.
2. It provides an overview of the American economy, noting it has characteristics of both capitalism such as private property and competition, as well as some government intervention.
3. The circular flow model is presented as depicting how money and goods flow between households, businesses, and factors and product markets in a market economy.
Economics unit 1 notes 2017
This document provides information about warm-up exercises, check on learning exercises, and economics content for a class. It states that warm-ups and check on learning exercises will be graded as non-test grades based on understanding and completion. Each daily assignment is worth 20 points, with no partial credit for incomplete work. Students should write the date if they were absent. It also defines economics as the study of how individuals and societies satisfy unlimited wants with limited resources, and discusses the concepts of scarcity, opportunity cost, production possibilities curves, economic systems, and the circular flow model.
principles.pptx
This document provides an overview of key economic concepts including:
- Economics is the study of how societies allocate scarce resources to satisfy unlimited wants. It can be divided into microeconomics and macroeconomics.
- The economic problem involves determining what, how, and for whom to produce goods and services.
- Opportunity cost, tradeoffs, and rational decision making are important concepts in economics for understanding how individuals and societies make choices.
Ch1 sec1
The document provides an overview of key economic concepts including:
1) Economics is the study of how society manages its scarce resources based on needs and wants. People face tradeoffs when making decisions.
2) Rational individuals make decisions by weighing marginal costs against marginal benefits. They respond to incentives in their choices.
3) Markets are generally efficient at allocating resources, though governments sometimes intervene to address market failures or inequities. Productivity determines living standards while inflation stems from too much money growth. Societies experience short-run tradeoffs between inflation and unemployment.
Introduction to economics
The document discusses several key concepts in managerial economics:
1) Economics involves making choices due to scarce resources and unlimited wants. It uses scientific methods to study and explain human behavior.
2) Opportunity cost is the cost of the next best alternative forgone when a choice is made. It does not involve actual payment but represents the value of the best alternative not chosen.
3) Marginal analysis involves comparing the marginal benefit and marginal cost of small changes to determine the optimal level of an activity where marginal benefit equals marginal cost.
10 key elements_of_economics
This document provides an overview of 10 key elements of economics according to Common Sense Economics. It discusses concepts like incentives, trade, profits, scarcity and more. Each element is explained with examples to provide an introductory understanding of basic economic principles and how they relate to everyday life and decision making. The goal is to help the reader "think like an economist" and understand why our economy works the way it does.
Spring 16 introduction to business lecture 1
This document provides an overview of the foundations of business and economics. It discusses how early societies engaged in bartering as people specialized in different skills and trades. This led to the emergence of business as a way to facilitate the exchange of goods and services. The core functions of business require human participants in roles like owners, managers, employees and consumers. An economic system must determine how a society's resources will be allocated and distributed to satisfy people's needs and wants. Different systems like capitalism, socialism and mixed economies take different approaches to these functions.
Similar to 01 monday factors of production (20)
More from Travis Klein
Monopsony market structure
NASA is soliciting proposals from private companies to build a new rocket in 1960. Companies should submit a 5 part proposal including price. NASA will be the sole purchaser of rockets.
03 ch17 oligopoly
The three market structures are perfect competition, monopolistic competition, and oligopoly. They seem to depend on the number of firms in the industry and level of product differentiation. Oligopoly is characterized by having a few large firms, similar but not identical products, and interdependent decision making. The concentration ratio measures the percentage of total market output produced by the top four firms, with higher ratios indicating less competition. Several US industries have very high concentration ratios, including video game consoles at 100% and credit cards at 99%.
02 allocative efficiency
This document discusses different types of economic efficiency including allocative efficiency, productive efficiency, and dynamic efficiency. It examines these efficiencies in the context of perfect competition, monopoly, and monopolistic competition market structures. Productive efficiency refers to producing at lowest cost while dynamic efficiency involves reinvesting supernormal profits into lowering costs further. The document considers which market structure results in each type of efficiency.
01 monopolistic comp
This document contains snippets of text from various sources discussing economic concepts like market structures, competition, and costs. It includes brief explanations of perfect competition, monopolistic competition, oligopoly, and monopoly market types. Students are asked questions about different markets and perfect competition. Graphs are shown for perfect competition, monopolistic competition, and marginal revenue under monopolistic competition with deadweight loss.
01 3 reform
This document discusses the Reformation period in Christianity between 500-1500 AD. It provides background that during this time all Christians were Catholic, led by the Pope and bishops. The priests sold indulgences claiming they could reduce time in purgatory. Martin Luther protested the Catholic Church's corruption in 1517, sparking the Protestant reformation. Luther and other reformers disagreed with practices like selling indulgences and wanted people to be able to read the Bible in their own language. The document examines key figures and events of the Reformation like Martin Luther, his 95 Theses, and the new Protestant churches that formed.
Pharm mon to perfect
This document discusses demand for lifesaving pharmaceuticals and the pricing of drugs under a monopoly. It asks how the demand curve would look if a firm had a patent on a cure for cancer and what deadweight loss would be. It also asks if such a firm should be allowed to charge any price and how quantity supplied would change if the firm price discriminated. The document then provides a graph showing the transition from a monopoly market to a competitive market when a drug patent expires and generics enter. It asks about other similar markets and provides links about copyright and public domain works.
Price discriminating monopolist
This document discusses the concept of price discrimination. It begins by defining price discrimination as selling the same good at different prices to different buyers based on their willingness to pay. It provides examples such as student/senior discounts and differences in airline ticket prices. The document explains that under perfect price discrimination, a monopolist can capture all consumer surplus as profit and eliminate deadweight loss. However, in reality firms can only imperfectly discriminate by dividing customers into groups based on observable traits related to willingness to pay. It concludes by asking questions about whether price discrimination should always be illegal and discussing the "Soup Nazi" character from Seinfeld.
Monopoly types
This document discusses monopolies and public policy related to monopolies. It begins by explaining the key characteristics of a monopoly market, including that a monopoly has total pricing power as the sole seller of a good or service. It then discusses the different types of monopolies such as geographic, government-granted, technological, and natural monopolies. The document goes on to explain how a profit-maximizing monopoly determines its optimal quantity and price using demand and marginal cost curves. It notes that a monopoly produces a lower quantity and charges a higher price than would be produced under perfect competition, resulting in deadweight loss. Finally, it discusses various public policy options for dealing with monopolies, such as antitrust laws to increase competition, regulation
Thurs banking
This document contains instructions for a homework assignment about the Medici family during the Renaissance. Students are asked to answer 7 questions: 1) identifying if a source is primary or secondary, 2) discussing how the Medici family business helped Europeans, 3) considering why the Medici patronized artists, 4) listing 3 Medici contributions people enjoy today, 5) analyzing the Medici view on education, 6) evaluating the impact of powerful families, and 7) creating a timeline of 5 Medici family events. The document repeats the assignment questions multiple times.
Block renaissanceart
This document provides an overview of Renaissance art and key concepts about the Renaissance period from the 1300s to 1550. It discusses causes of the Renaissance like the rediscovery of Greek/Roman ideas and art. Renaissance art is characterized by elements like perspective, realism, contrast between light and dark, and depicting humanism in Greek/Roman styles. The document lists and shows images of famous Renaissance artists like Michelangelo, Donatello, Da Vinci, and Raphael and some of their iconic works. Students are assigned a task analyzing Renaissance paintings or creating original art in the Renaissance style.
Mon printing press
The document discusses the impact of the printing press invention by Johannes Gutenberg in the 1400s-1600s. It notes that before the printing press, all books were handwritten which was a long and difficult process. The printing press allowed books and new ideas to spread widely across Europe, helping to end ignorance. This was a factor in the Renaissance period, a time of "rebirth" in European culture and society. The document suggests Gutenberg is one of the most important people to ever live due to his role in popularizing printing.
Shut down point and profit
The document contains examples and explanations of microeconomic concepts related to firm behavior including:
1. How a competitive firm determines its profit-maximizing quantity where marginal revenue equals marginal cost.
2. How the marginal cost curve determines the firm's supply decision - if price is above marginal cost, the firm will increase output.
3. The difference between a firm's short-run decision to shutdown if price is below average variable cost, versus its long-run decision to exit the market if price is below average total cost.
Black plague wed thur
The document discusses the deadliness of diseases over time. It mentions that the Black Plague killed 30-50% of Europe's population in the 1300s. Students are asked to compare graphs showing which diseases are not as deadly today and which two diseases remain deadly. The document also discusses a modern plague outbreak in Madagascar in 2013 and brainstorms ways the US and Madagascar governments could help prevent future outbreaks. Students are assigned to create a 4-page health pamphlet for people in the 1300s about the symptoms, prevention, and societal impacts of the Bubonic Plague.
04 black plague wed thur
The document discusses several deadly pandemics throughout history, including the Black Death plague which originated in China and spread along the Silk Road to Europe in the 14th century, killing an estimated 30-50% of the European population. Students are assigned to write a letter from a Silk Road trader during this time period describing how life has changed in Rome due to the plague, symptoms of the disease, and how to prevent its spread. Other assignments involve analyzing the impact of a modern disease outbreak and creating an educational pamphlet about the bubonic plague.
03 intolerance today
The document provides instructions for students to complete assignments on discrimination and religious intolerance. Students are asked to describe a time they witnessed discrimination and how they responded, and how they will respond in the future. They are also assigned a group poster project analyzing cases of extreme religious intolerance by indicating the location, groups involved, and events, and conveying a message about the effects of such behavior.
02 intolerance inquisition
The document discusses the religious protections guaranteed by the First Amendment and how countries may change if they adopted different state religions. It provides background on countries with official state religions, the concept of a theocracy where government is run by religious rules, and details about the Spanish Inquisition where the Catholic church ruled Spain and persecuted those who did not conform to Catholic doctrine.
01 end of crusades
Constantinople was important during the Crusades as it was the capital of the Byzantine Empire and controlled the trade routes between Europe and Asia. Spain was under Muslim control during the Crusades. The document provides notes about Crusades events like the Siege of Jerusalem in 1099 and Battle of Nicopolis in 1396, and asks questions about Crusader advantages and Ibn Fadlan's travels.
Perfect comp m t
This document discusses competition in markets through a series of examples and questions. It begins with an experiment involving different levels of competition and asks students to consider how it affects pricing power. It then discusses the benefits and drawbacks of competition for consumers and producers. Various market structures are introduced, including perfect competition as exemplified by markets like gasoline, salt, and paper clips. Firms in perfect competition are price takers, and the document explores how they can increase revenue and profit given these constraints.
Sports assignment
The Tohono O'odham tribe wants to build a soccer stadium next to their casino. This would create both positive and negative externalities for the local community and governments. Negative externalities could include increased traffic and noise, while positive externalities could include more jobs and tax revenue. Finding ways to minimize the harm to neighbors, such as addressing traffic issues, would help gain city support for financing the stadium project. Understanding the elasticity of demand for tickets, concessions, and merchandise through price changes would help the tribe maximize revenue.
Cost curves computer lab
This document provides instructions for creating graphs using an online graphing tool to illustrate various microeconomics concepts related to supply and demand, costs of production, and market equilibrium. Students are asked to create graphs showing: a unit elastic supply/demand curve with price controls; a market with negative externalities; the effect of a per unit tax; short-run cost curves and break-even analysis; and supply/demand shifts in response to current events. The final questions provide an additional economics game and a request for new classroom tools.
More from Travis Klein (20)
Recently uploaded
PCOS corelations and management through Ayurveda.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityAkanksha trivedi rama nursing college kanpur.
Natural birth techniques are various type such as/ water birth , alexender method, hypnosis, bradley method, lamaze method etcExecutive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
The Diamonds of 2023-2024 in the IGRA collection
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS Template 2023-2024 by: Irene S. Rueco
Main Java[All of the Base Concepts}.docx
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
The History of Stoke Newington Street Names
Presented at the Stoke Newington Literary Festival on 9th June 2024
www.StokeNewingtonHistory.com
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance
DRUGS AND ITS classification slide share
Any substance (other than food) that is used to prevent, diagnose, treat, or relieve symptoms of a
disease or abnormal condition
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...National Information Standards Organization (NISO)
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.Advanced Java[Extra Concepts, Not Difficult].docx
This is part 2 of my Java Learning Journey. This contains Hashing, ArrayList, LinkedList, Date and Time Classes, Calendar Class and more.
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit - NGV Pavilion Concept Design
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar KanvariaANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Recently uploaded (20)
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
01 monday factors of production
- 1. Short Quiz on slate, use your notes 1. Under a command economy, who decides what is produced and production levels? A. Corporations B. Companies C. Government planners D. Consumers 2. What wasn’t considered when a person stood inline for 3 hours to get a free hamburger? A. Trade offs other consumers are making B. price of hamburgers C. Price of alternative goods D. Opportunity Cost 3. What is your incentive for improving your GPA? A. Opportunity Cost B. lower student loan interest rate C. Price of college tuition D. scholarships 4. Economists “think at the margin”, explain what that means using at least one example
- 2. What economic opportunities do you see in this picture? May 2008
- 3. How does the seal show economics?
- 4. New Mexico: The Hug State
- 6. On slates • What are two ways households interact with firms?
- 7. Circular Flow Model Households Firms Product Market (output) Factor Market (input) Money $$$ (prices) Goods/Services labor Wages $$ Capital $$ Add gov’t to model Transfer payments Rent $$ Dividends $$ land (costs)
- 8. In ReviewIn our system: • Firms need households • Households need firms • They are interconnecte d • Transactions cost
- 9. What keeps our economy moving?
- 10. Factors of Production • Items we need to be in business • 3 categories + 4th idea • “inputs”
- 11. Land • Any natural resource – Copper mine example
- 12. Labor • People working • Wages $ • Benefits
- 13. Subset of Labor: Human Capital • Skills, experience, education a person has • It’s the reason doctors are paid more than sandwich artists
- 14. Capital • Goods used to create other goods/services • Usually the largest cost for entrepreneurs • Explanation for “Capitalism”
- 15. Let’s build a new Circle K! • Land • Labor • Capital
- 16. New Ideas! Real job creation • Entrepreneur – French word • Person who takes a risk combines land, labor and capital to start a new business – OR comes up with a new idea within a business Empresario
- 17. “Free Market” Economic System • Laissez Faire – French for “leave alone” • Read Adam Smith “Wealth of Nations” • Guided by “invisible hand” – meaning • Steak clip
- 18. Principles 6 & 7 • Describe 5 ways the government could reduce transaction costs in the product and factor markets