This document outlines a 2013-2014 course on introductory economics. It includes 4 units that will cover defining and describing factors of production, supply and demand, different types of business organizations, and the role of government in a market economy. Each unit includes multiple lessons that define key terms, explain concepts through examples and activities, and assess student understanding. The course aims to help students understand basic economic principles and how the theory applies to real world decisions.
This document provides an overview of key concepts used in industrial economics. It defines the firm as an organization engaged in productive activity for profit. The industry is defined as a group of firms producing similar or substitute products for a common market. The market is where buyers and sellers transact for goods and services, with supply and demand equalizing price. Different types of markets are business-to-business and business-to-consumer, and markets can be segmented.
This document provides an outline for a basic economics course. It includes sections on grading, the course outline, microeconomics, macroeconomics, key economic concepts like scarcity and opportunity cost, the law of demand and supply, equilibrium, GDP, the role of government, money, banking, exchange rates, trade, and economic integration like the ASEAN Economic Community. The course aims to teach students how to think like an economist and understand society and global affairs.
This document discusses fundamental analysis and technical analysis techniques for evaluating stocks. Fundamental analysis examines macroeconomic conditions, industry trends, and company financials to determine a stock's intrinsic value and predict future performance. Technical analysis focuses on analyzing stock price movements and market indicators to identify trends. Key aspects of fundamental analysis covered include economic analysis, industry life cycles, and quantitative/qualitative company analysis using metrics like earnings, cash flows, and management quality.
This document provides an overview of various analysis methods used to evaluate investments, including fundamental analysis, quantitative analysis, and technical analysis. It also discusses relevant market theories like the efficient market hypothesis. Fundamental analysis examines macroeconomic factors, industry conditions, and individual company financials. Quantitative analysis uses computers and statistics to identify patterns for investment opportunities. Technical analysis studies historical stock price movements and trading volumes to predict future price changes. The efficient market hypothesis posits that stock prices instantly reflect all available information.
The document discusses several key concepts in economic analysis including:
1) Scarcity and opportunity cost, which examines how limited resources are allocated to satisfy unlimited wants, with the opportunity cost being the best alternative forgone.
2) Production possibilities frontier (PPF), which shows the maximum combinations of two goods an economy can produce with limited resources, and how the curve can shift from increases in resources or technology.
3) Different economic systems and how they answer fundamental questions about what/how/for whom goods and services are produced, such as private ownership and markets in capitalism versus central planning in a command system.
This document discusses the key topics of industrial economics including:
1. Industrial economics is the study of economic problems of firms and industries and their relationship with society, looking at issues like capacity, output, prices, product differentiation, and research and development.
2. Industrial economics is needed to understand how firms set prices and capacity, differentiate products, invest in R&D, and advertise. It also aims to achieve industrial development and provide information to support it.
3. The scope of industrial economics includes industrial efficiency, location, finance, profitability determinants, cost analysis, and pricing theory. It examines issues at the industry level.
This document provides an overview of key concepts used in industrial economics. It defines the firm as an organization engaged in productive activity for profit. The industry is defined as a group of firms producing similar or substitute products for a common market. The market is where buyers and sellers transact for goods and services, with supply and demand equalizing price. Different types of markets are business-to-business and business-to-consumer, and markets can be segmented.
This document provides an outline for a basic economics course. It includes sections on grading, the course outline, microeconomics, macroeconomics, key economic concepts like scarcity and opportunity cost, the law of demand and supply, equilibrium, GDP, the role of government, money, banking, exchange rates, trade, and economic integration like the ASEAN Economic Community. The course aims to teach students how to think like an economist and understand society and global affairs.
This document discusses fundamental analysis and technical analysis techniques for evaluating stocks. Fundamental analysis examines macroeconomic conditions, industry trends, and company financials to determine a stock's intrinsic value and predict future performance. Technical analysis focuses on analyzing stock price movements and market indicators to identify trends. Key aspects of fundamental analysis covered include economic analysis, industry life cycles, and quantitative/qualitative company analysis using metrics like earnings, cash flows, and management quality.
This document provides an overview of various analysis methods used to evaluate investments, including fundamental analysis, quantitative analysis, and technical analysis. It also discusses relevant market theories like the efficient market hypothesis. Fundamental analysis examines macroeconomic factors, industry conditions, and individual company financials. Quantitative analysis uses computers and statistics to identify patterns for investment opportunities. Technical analysis studies historical stock price movements and trading volumes to predict future price changes. The efficient market hypothesis posits that stock prices instantly reflect all available information.
The document discusses several key concepts in economic analysis including:
1) Scarcity and opportunity cost, which examines how limited resources are allocated to satisfy unlimited wants, with the opportunity cost being the best alternative forgone.
2) Production possibilities frontier (PPF), which shows the maximum combinations of two goods an economy can produce with limited resources, and how the curve can shift from increases in resources or technology.
3) Different economic systems and how they answer fundamental questions about what/how/for whom goods and services are produced, such as private ownership and markets in capitalism versus central planning in a command system.
This document discusses the key topics of industrial economics including:
1. Industrial economics is the study of economic problems of firms and industries and their relationship with society, looking at issues like capacity, output, prices, product differentiation, and research and development.
2. Industrial economics is needed to understand how firms set prices and capacity, differentiate products, invest in R&D, and advertise. It also aims to achieve industrial development and provide information to support it.
3. The scope of industrial economics includes industrial efficiency, location, finance, profitability determinants, cost analysis, and pricing theory. It examines issues at the industry level.
factors including economic and industrial analysisvishnu1204
This document discusses factors to consider when analyzing the economy and industries for investment purposes. It outlines key economic indicators like GNP, inflation, interest rates, and government spending that influence corporate performance. The economic cycle of depression, recovery, boom and recession is also noted. Industry analysis involves examining the lifecycle, characteristics, and profit potential of industries. Specific industries mentioned include agriculture and how economic stability, infrastructure development, exchange rates and other macroeconomic variables impact business conditions. The overall aim is to evaluate how macroeconomic and industry trends may affect future company earnings and dividends.
Fundamental analysis involves a top-down study of financial and economic factors to estimate a stock's intrinsic value. This includes analyzing the overall economy, industry, and company-specific factors both quantitatively and qualitatively. Some key aspects examined are macroeconomic indicators, competitive forces within an industry, the industry's life cycle stage and growth drivers, and how these may impact the target company. The goal is to predict how the stock price may change as it moves toward the estimated intrinsic value over time. However, there are big unknowns in the analysis and the intrinsic value estimate may not be accurate.
This document provides an overview of industry analysis. It defines industry analysis as evaluating the strengths and weaknesses of particular industries. It discusses industry life cycles, characteristics such as demand/supply gaps and cost structures. Methods of industry forecasting are also summarized, including cumulative methods like surveys and correlation/regression analysis, as well as time series analysis involving trends, cycles, seasons and erratic events. The document aims to inform investors' understanding of how industry factors influence company performance.
Fundamental analysis is an evaluation method for securities that attempts to measure a stock's intrinsic value by examining related economic, financial and other qualitative and quantitative factors. This includes analyzing everything from overall economy and industry conditions to individual companies' financial statements and management. The process involves a top-down approach looking at macroeconomic indicators or a bottom-up approach analyzing specific businesses. Fundamental analysis is used for long-term investment decisions and relies on financial metrics like earnings, expenses, assets and liabilities to evaluate performance.
In free market economy; at present there are lots of reasons of market failure. The aim of this paper is to find out those reasons and analyses the probable solutions for recovering those market failures. This paper shows that market failure mostly resulting from an incomplete information as well as information asymmetry between providers and consumers, the effect of externalities, imperfect information, imperfect mobility of factors of production, income inequality, market dominance, negative externalities, positives externalities, public goods and the divergence between social and private time preference rates. Lot of solutions have been found out to overcome the market failure includes Tax on Negative Externalities, Subsidy on positive externalities, Laws and Regulations, Buffer stocks, Government advertising and campaigns. The conceptual framework has been developed by finding and evaluating the market failure overcoming factors where the free market economy can reach to the market equilibrium position from the market disequilibrium condition. Thus, the recommendations of this research will be helpful for home govt. and Businessman to keep the open market in equilibrium position.
This document provides an introduction to microeconomics, including:
- Microeconomics studies the behavior of individual economic units like households, firms, and consumers, and how they make decisions and interact in markets.
- The key themes are the allocation of resources, the tradeoffs people make, and how prices determine optimal value.
- Economic theories provide explanations and make predictions, while models use mathematics to simulate and estimate phenomena.
- Markets are where buyers and sellers interact to set prices, and can be competitive or non-competitive depending on factors like government involvement.
- The document provides examples of microeconomic concepts like firms optimizing profits and concludes with sample exam questions.
This document provides an overview of fundamental analysis tools and processes for equity research and analysis of the steel industry. It discusses fundamental analysis, the fundamental analysis process of gathering data, building models, analyzing data, determining business outlook and value, and developing recommendations. It then provides a case study analysis of Bhushan Steel Ltd, including details of the company, financials, valuation, and conclusion that the analyst would hold the stock.
The document discusses the role of consumers in the economic system and how they make decisions throughout the buying process, including factors like income, spending habits, research and comparison shopping. It also covers consumer rights and responsibilities, and organizations that provide resources and protection for consumers. The overall theme is helping readers understand smart consumer behavior and their role in the marketplace.
This document discusses different types of market structures including perfect competition, monopoly, monopolistic competition, and oligopoly. It provides definitions and key characteristics of each type. Perfect competition is defined as a large number of small sellers and buyers, homogeneous products, free entry and exit into the market, and perfect knowledge. A monopoly is a single seller of a unique product without close substitutes. Monopolistic competition features differentiated but similar products from many small sellers. Oligopoly involves a small number of interdependent sellers of either homogeneous or differentiated products.
This document discusses fundamental analysis techniques for evaluating stocks. It covers analyzing macroeconomic factors, industries, and individual companies. Fundamental analysis involves forecasting earnings, cash flows, and dividends to determine a stock's intrinsic value. It breaks down as 30-35% economic analysis, 15-20% industry analysis, and 30-35% company analysis. Key aspects covered include Porter's five forces model, industry life cycles, quantitative ratios like P/E, and qualitative factors. The overall aim is to understand factors that affect stock prices and identify undervalued stocks.
The document provides an overview of key concepts in economics, including:
1) Economists study how to meet unlimited wants with scarce resources by analyzing trade-offs and opportunity costs.
2) Production possibility frontiers and opportunity costs demonstrate the trade-offs of allocating resources.
3) Different economic systems answer questions about what, how, and for whom to produce in different ways, such as through tradition, government command, or market forces.
4) Supply and demand determine prices in a market economy through the interaction of producers and consumers.
The document discusses the fundamentals of fundamental analysis. It explains that fundamental analysis involves analyzing economic, industry, and company factors that affect a company's performance. It discusses analyzing the economy by looking at variables like growth rates, inflation, interest rates, government revenue/expenditure, deficits, exchange rates, and infrastructure. It also explains analyzing industries based on factors like research/technology, capital formation, natural resources, and economic indicators. The goal of fundamental analysis is to forecast company performance by understanding the broad economic forces affecting its industry.
This document discusses understanding industry dynamics and their implications for investment. It analyzes the tire industry as an example. Key points include:
1) The tire industry is in a growing stage and has a monopolistic structure, with some players having pricing power. Demand is derived from the automobile industry and is cyclical.
2) Raw material costs like nylon and rubber account for 70% of product costs and 50% of sales, making materials a key profitability driver.
3) The industry is consolidating, becoming more radialized, and facing competition from cheap refurbished tires. Export markets are expanding.
This document provides an overview of the topic of industrial economics. It discusses key concepts such as:
- Industrial economics deals with economic problems of firms and industries and their relationship with society.
- Descriptive economics aims to provide information to industrialists about resources, infrastructure, competition and policies.
- Analytical economics covers topics like market analysis, pricing, investment planning and financial decisions.
- Other sections define related terms like cottage industry, capital intensive techniques, productivity, intellectual property rights, foreign direct investment, and the factors that influence investment.
Movement of Share Prices and Sectoral Analysis: A Reflection Through Interact...Waqas Tariq
Interaction in graphs gives the user with an advantage to analyze the data in greater depth. With the help of interactive graphics users can get better insight of the data in comparison to the static graphical tools. This paper introduces an interactive graphical tool consisting of two graphs, a line diagram complemented by a boxplot. The line diagram helps to understand how successive values of a variable are related to time and box plot can help the visual comparison of several such variables. Here the line diagram is used to visualize share prices of a company corresponding to a number of days and the boxplot displays the position of the Share price of all companies in a particular sector. An investor in share market needs to consider a number of factors before making any decision about investment. Some of the factors influencing the decision are the performance of the particular security in recent past, its position in terms of share price in its own sector. The graphical technique used in this software tool shall be helpful while making investment decision.
This document provides an introduction to business economics. It defines business economics as the integration of economic theory with business practice to facilitate decision making. The key points covered include:
- Business economics applies economic theory and methodology to solve business problems and make optimal decisions.
- It is microeconomic in nature and focuses on firms. It is normative, pragmatic, and prescriptive to help management make correct decisions and plan for the future.
- The scope of business economics includes demand analysis, cost analysis, production, pricing, profit and capital management.
- A business economist studies macroeconomic factors and links them to firms, assists in planning, performs cost-benefit analyses, and conducts research and statistical analysis
This document provides model question bank solutions for Managerial Economics. It covers key concepts like demand, elasticity of demand, and the responsibilities of a managerial economist. Specifically:
1. It defines demand, derived demand, and income elasticity of demand.
2. It states that a managerial economist is responsible for achieving organizational objectives with limited resources and optimizing resource use.
3. It describes the nature and scope of managerial economics, including its relationship to microeconomics, its normative approach, and its focus on aiding management decisions.
The document provides an overview of fundamental analysis. It discusses that fundamental analysis determines a stock's value by focusing on a company's business and prospects. It also outlines some key questions and processes in fundamental analysis including macroeconomic analysis, industry analysis, and company analysis. It then discusses how to identify strong companies and provides examples of benchmarking companies. Finally, it outlines commonly used valuation methods like discounted cash flow analysis and relative valuation.
The document discusses key concepts in managerial economics. It defines managerial economics as the application of economic analysis to business decision making. A business faces an economic problem of scarce resources and unlimited wants. It must make decisions around what, how, how much and for whom to produce. Managerial economists help study the business environment, operations, create economic intelligence and raise public awareness. Common objectives for firms include profit maximization, sales maximization, and growth maximization. Demand is determined by factors like price, income, tastes and expectations. The law of demand states that demand is inversely related to price, with assumptions and exceptions.
Managerial economics applies economic theory and decision-making principles to help managers make sound business decisions in the face of scarcity. It aims to equip managers with skills for overcoming constraints through marginal analysis and other tools. Key economic concepts covered include demand and supply analysis, consumer surplus, market forces, and factors that shift demand and supply curves. Understanding these concepts can guide pricing, production quantity, hiring, and relationship decisions. The document provides examples and illustrations of demand and supply curves and how taxes, regulations, and other factors influence market equilibrium.
The document outlines concepts and topics related to economics that students should understand for the Cambridge IGCSE examinations in 2012. It covers definitions of key economic terms like scarcity, factors of production, opportunity cost, market equilibrium, demand and supply factors. It also discusses market allocation of resources, market failure, costs and revenues for firms, macroeconomic indicators, differences between developed and developing economies, and international trade. The document provides detailed syllabus statements and explanations to prepare students for exam questions.
factors including economic and industrial analysisvishnu1204
This document discusses factors to consider when analyzing the economy and industries for investment purposes. It outlines key economic indicators like GNP, inflation, interest rates, and government spending that influence corporate performance. The economic cycle of depression, recovery, boom and recession is also noted. Industry analysis involves examining the lifecycle, characteristics, and profit potential of industries. Specific industries mentioned include agriculture and how economic stability, infrastructure development, exchange rates and other macroeconomic variables impact business conditions. The overall aim is to evaluate how macroeconomic and industry trends may affect future company earnings and dividends.
Fundamental analysis involves a top-down study of financial and economic factors to estimate a stock's intrinsic value. This includes analyzing the overall economy, industry, and company-specific factors both quantitatively and qualitatively. Some key aspects examined are macroeconomic indicators, competitive forces within an industry, the industry's life cycle stage and growth drivers, and how these may impact the target company. The goal is to predict how the stock price may change as it moves toward the estimated intrinsic value over time. However, there are big unknowns in the analysis and the intrinsic value estimate may not be accurate.
This document provides an overview of industry analysis. It defines industry analysis as evaluating the strengths and weaknesses of particular industries. It discusses industry life cycles, characteristics such as demand/supply gaps and cost structures. Methods of industry forecasting are also summarized, including cumulative methods like surveys and correlation/regression analysis, as well as time series analysis involving trends, cycles, seasons and erratic events. The document aims to inform investors' understanding of how industry factors influence company performance.
Fundamental analysis is an evaluation method for securities that attempts to measure a stock's intrinsic value by examining related economic, financial and other qualitative and quantitative factors. This includes analyzing everything from overall economy and industry conditions to individual companies' financial statements and management. The process involves a top-down approach looking at macroeconomic indicators or a bottom-up approach analyzing specific businesses. Fundamental analysis is used for long-term investment decisions and relies on financial metrics like earnings, expenses, assets and liabilities to evaluate performance.
In free market economy; at present there are lots of reasons of market failure. The aim of this paper is to find out those reasons and analyses the probable solutions for recovering those market failures. This paper shows that market failure mostly resulting from an incomplete information as well as information asymmetry between providers and consumers, the effect of externalities, imperfect information, imperfect mobility of factors of production, income inequality, market dominance, negative externalities, positives externalities, public goods and the divergence between social and private time preference rates. Lot of solutions have been found out to overcome the market failure includes Tax on Negative Externalities, Subsidy on positive externalities, Laws and Regulations, Buffer stocks, Government advertising and campaigns. The conceptual framework has been developed by finding and evaluating the market failure overcoming factors where the free market economy can reach to the market equilibrium position from the market disequilibrium condition. Thus, the recommendations of this research will be helpful for home govt. and Businessman to keep the open market in equilibrium position.
This document provides an introduction to microeconomics, including:
- Microeconomics studies the behavior of individual economic units like households, firms, and consumers, and how they make decisions and interact in markets.
- The key themes are the allocation of resources, the tradeoffs people make, and how prices determine optimal value.
- Economic theories provide explanations and make predictions, while models use mathematics to simulate and estimate phenomena.
- Markets are where buyers and sellers interact to set prices, and can be competitive or non-competitive depending on factors like government involvement.
- The document provides examples of microeconomic concepts like firms optimizing profits and concludes with sample exam questions.
This document provides an overview of fundamental analysis tools and processes for equity research and analysis of the steel industry. It discusses fundamental analysis, the fundamental analysis process of gathering data, building models, analyzing data, determining business outlook and value, and developing recommendations. It then provides a case study analysis of Bhushan Steel Ltd, including details of the company, financials, valuation, and conclusion that the analyst would hold the stock.
The document discusses the role of consumers in the economic system and how they make decisions throughout the buying process, including factors like income, spending habits, research and comparison shopping. It also covers consumer rights and responsibilities, and organizations that provide resources and protection for consumers. The overall theme is helping readers understand smart consumer behavior and their role in the marketplace.
This document discusses different types of market structures including perfect competition, monopoly, monopolistic competition, and oligopoly. It provides definitions and key characteristics of each type. Perfect competition is defined as a large number of small sellers and buyers, homogeneous products, free entry and exit into the market, and perfect knowledge. A monopoly is a single seller of a unique product without close substitutes. Monopolistic competition features differentiated but similar products from many small sellers. Oligopoly involves a small number of interdependent sellers of either homogeneous or differentiated products.
This document discusses fundamental analysis techniques for evaluating stocks. It covers analyzing macroeconomic factors, industries, and individual companies. Fundamental analysis involves forecasting earnings, cash flows, and dividends to determine a stock's intrinsic value. It breaks down as 30-35% economic analysis, 15-20% industry analysis, and 30-35% company analysis. Key aspects covered include Porter's five forces model, industry life cycles, quantitative ratios like P/E, and qualitative factors. The overall aim is to understand factors that affect stock prices and identify undervalued stocks.
The document provides an overview of key concepts in economics, including:
1) Economists study how to meet unlimited wants with scarce resources by analyzing trade-offs and opportunity costs.
2) Production possibility frontiers and opportunity costs demonstrate the trade-offs of allocating resources.
3) Different economic systems answer questions about what, how, and for whom to produce in different ways, such as through tradition, government command, or market forces.
4) Supply and demand determine prices in a market economy through the interaction of producers and consumers.
The document discusses the fundamentals of fundamental analysis. It explains that fundamental analysis involves analyzing economic, industry, and company factors that affect a company's performance. It discusses analyzing the economy by looking at variables like growth rates, inflation, interest rates, government revenue/expenditure, deficits, exchange rates, and infrastructure. It also explains analyzing industries based on factors like research/technology, capital formation, natural resources, and economic indicators. The goal of fundamental analysis is to forecast company performance by understanding the broad economic forces affecting its industry.
This document discusses understanding industry dynamics and their implications for investment. It analyzes the tire industry as an example. Key points include:
1) The tire industry is in a growing stage and has a monopolistic structure, with some players having pricing power. Demand is derived from the automobile industry and is cyclical.
2) Raw material costs like nylon and rubber account for 70% of product costs and 50% of sales, making materials a key profitability driver.
3) The industry is consolidating, becoming more radialized, and facing competition from cheap refurbished tires. Export markets are expanding.
This document provides an overview of the topic of industrial economics. It discusses key concepts such as:
- Industrial economics deals with economic problems of firms and industries and their relationship with society.
- Descriptive economics aims to provide information to industrialists about resources, infrastructure, competition and policies.
- Analytical economics covers topics like market analysis, pricing, investment planning and financial decisions.
- Other sections define related terms like cottage industry, capital intensive techniques, productivity, intellectual property rights, foreign direct investment, and the factors that influence investment.
Movement of Share Prices and Sectoral Analysis: A Reflection Through Interact...Waqas Tariq
Interaction in graphs gives the user with an advantage to analyze the data in greater depth. With the help of interactive graphics users can get better insight of the data in comparison to the static graphical tools. This paper introduces an interactive graphical tool consisting of two graphs, a line diagram complemented by a boxplot. The line diagram helps to understand how successive values of a variable are related to time and box plot can help the visual comparison of several such variables. Here the line diagram is used to visualize share prices of a company corresponding to a number of days and the boxplot displays the position of the Share price of all companies in a particular sector. An investor in share market needs to consider a number of factors before making any decision about investment. Some of the factors influencing the decision are the performance of the particular security in recent past, its position in terms of share price in its own sector. The graphical technique used in this software tool shall be helpful while making investment decision.
This document provides an introduction to business economics. It defines business economics as the integration of economic theory with business practice to facilitate decision making. The key points covered include:
- Business economics applies economic theory and methodology to solve business problems and make optimal decisions.
- It is microeconomic in nature and focuses on firms. It is normative, pragmatic, and prescriptive to help management make correct decisions and plan for the future.
- The scope of business economics includes demand analysis, cost analysis, production, pricing, profit and capital management.
- A business economist studies macroeconomic factors and links them to firms, assists in planning, performs cost-benefit analyses, and conducts research and statistical analysis
This document provides model question bank solutions for Managerial Economics. It covers key concepts like demand, elasticity of demand, and the responsibilities of a managerial economist. Specifically:
1. It defines demand, derived demand, and income elasticity of demand.
2. It states that a managerial economist is responsible for achieving organizational objectives with limited resources and optimizing resource use.
3. It describes the nature and scope of managerial economics, including its relationship to microeconomics, its normative approach, and its focus on aiding management decisions.
The document provides an overview of fundamental analysis. It discusses that fundamental analysis determines a stock's value by focusing on a company's business and prospects. It also outlines some key questions and processes in fundamental analysis including macroeconomic analysis, industry analysis, and company analysis. It then discusses how to identify strong companies and provides examples of benchmarking companies. Finally, it outlines commonly used valuation methods like discounted cash flow analysis and relative valuation.
The document discusses key concepts in managerial economics. It defines managerial economics as the application of economic analysis to business decision making. A business faces an economic problem of scarce resources and unlimited wants. It must make decisions around what, how, how much and for whom to produce. Managerial economists help study the business environment, operations, create economic intelligence and raise public awareness. Common objectives for firms include profit maximization, sales maximization, and growth maximization. Demand is determined by factors like price, income, tastes and expectations. The law of demand states that demand is inversely related to price, with assumptions and exceptions.
Managerial economics applies economic theory and decision-making principles to help managers make sound business decisions in the face of scarcity. It aims to equip managers with skills for overcoming constraints through marginal analysis and other tools. Key economic concepts covered include demand and supply analysis, consumer surplus, market forces, and factors that shift demand and supply curves. Understanding these concepts can guide pricing, production quantity, hiring, and relationship decisions. The document provides examples and illustrations of demand and supply curves and how taxes, regulations, and other factors influence market equilibrium.
The document outlines concepts and topics related to economics that students should understand for the Cambridge IGCSE examinations in 2012. It covers definitions of key economic terms like scarcity, factors of production, opportunity cost, market equilibrium, demand and supply factors. It also discusses market allocation of resources, market failure, costs and revenues for firms, macroeconomic indicators, differences between developed and developing economies, and international trade. The document provides detailed syllabus statements and explanations to prepare students for exam questions.
Managerial Economics: myths and realities 1.pptxssalially
This document provides an overview of a Managerial Economics course. It outlines the course objectives, topics to be covered, teaching methods, assessment criteria, and recommended reading materials. The key topics include an introduction to economic concepts, production possibilities, market analysis, elasticity, production and cost theories, and market structures. The overall aim is to equip students with economic tools and techniques to analyze business decisions and strategies.
Managerial economics uses economic analysis to help managers make better business decisions using scarce resources. It bridges the gap between purely analytical economic problems and real-world business decision problems. Managerial economics applies microeconomic analysis to understand market forces that shape a firm's environment and to develop optimization models that prescribe optimal decision-making rules. It provides analytical tools and techniques to help managers analyze key elements of the business and solve managerial problems in a scientific way.
The document discusses analyzing a company's external environment using Porter's Five Forces model. It describes the microenvironment as internal and close forces like management, suppliers, and customers. The macroenvironment includes larger demographic, economic, natural, technological, cultural, and political/legal forces outside a company's control. Porter's Five Forces model assesses industry competition and profitability based on five forces: rivalry, potential new entrants, substitution threats, supplier power and buyer power.
Yes, a perfectly elastic price-demand curve is parallel to the X-axis. This means that the quantity demanded remains constant regardless of the change in price.
1
3. Cooperative oligopoly refers to a market structure where a few large firms explicitly or tacitly cooperate with each other in determining prices and outputs in the market.
1
4. The government can influence the market price through its fiscal and monetary policies like changing the tax rates, changing the interest rates, etc.
1
5. Supply refers to the quantity of a good producers are willing and able to offer for sale at different prices during a given period of time, ceteris paribus.
1
6
This chapter introduces economics and key concepts like scarcity, trade-offs, and opportunity costs. It discusses how economists use models to study the real world. The main points are:
1) Economics involves making choices because resources are scarce and wants exceed what's available. The four factors of production are land, labor, capital, and entrepreneurship.
2) Trade-offs require sacrificing one thing for another and create opportunity costs, like the value of the next best alternative given up. Production possibilities curves illustrate the maximum amounts of two items an economy can produce.
3) Economists use models as simplified representations to explain behavior. Microeconomics examines individuals and firms while macroeconomics looks at whole economies
using table 3.1 and 3.2 and the exercise for simulation participantsheiditownend
using table 3.1 and 3.2 and the exercise for simulation participants on page 79 of your textbook, discuss the external factors most relevant for your company. Company is Organic Coffee and Beverages in Orangeburg, SC. using table 4.2 and 4.3 and the exercise for simulation participants (#3, 4, 5) on page 118, evaluate your companys strengths, weaknesses, resources, capabilities and compatitiveness.
here is the textbook info.
TABLE 3.1
The Six Components of the Macro-Environment
ComponentDescriptionPolitical factors
Pertinent political factors include matters such as tax policy, fiscal policy, tariffs, the political climate, and the strength of institutions such as the federal banking system. Some political policies affect certain types of industries more than others. An example is energy policy, which clearly affects energy producers and heavy users of energy more than other types of businesses.
Economic conditions
Economic conditions include the general economic climate and specific factors such as interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product. Some industries, such as construction, are particularly vulnerable to economic downturns but are positively affected by factors such as low interest rates. Others, such as discount retailing, benefit when general economic conditions weaken, as consumers become more price-conscious.
Sociocultural forces
Sociocultural forces include the societal values, attitudes, cultural influences, and lifestyles that impact demand for particular goods and services, as well as demographic factors such as the population size, growth rate, and age distribution. Sociocultural forces vary by locale and change over time. An example is the trend toward healthier lifestyles, which can shift spending toward exercise equipment and health clubs and away from alcohol and snack foods. The demographic effect of people living longer is having a huge impact on the health care, nursing homes, travel, hospitality, and entertainment industries.
Technological factors
Technological factors include the pace of technological change and technical developments that have the potential for wide-ranging effects on society, such as genetic engineering, nanotechnology, and solar energy technology. They include institutions involved in creating new knowledge and controlling the use of technology, such as R&D consortia, university-sponsored technology incubators, patent and copyright laws, and government control over the Internet. Technological change can encourage the birth of new industries, such as the connected wearable devices, and disrupt others, such as the recording industry.
Environmental forces
These include ecological and environmental forces such as weather, climate, climate change, and associated factors like water shortages. These factors can directly impact industries such as insurance, farm ...
This document provides an overview of economics and key concepts in microeconomics and macroeconomics. It discusses:
1) Economics is concerned with allocating scarce resources to produce goods and services.
2) Microeconomics examines economic decisions at the individual level, like consumers, workers and firms. Macroeconomics looks at aggregate measures like GDP, unemployment, and financial markets.
3) Microeconomics analyzes how consumers, producers and firms reach equilibrium within markets under conditions of scarcity and determined prices. It helps inform both corporate decision making and public policy design.
This document provides an overview of economics and key concepts in microeconomics and macroeconomics. It discusses:
1) Economics is concerned with allocating scarce resources to produce and distribute goods and services.
2) Microeconomics examines economic decisions at the individual level, like consumers, workers and firms, while macroeconomics looks at aggregate quantities like GDP, unemployment and inflation rates.
3) Microeconomics analyzes how prices are determined by supply and demand in markets and how consumers, workers and firms reach equilibrium. It helps inform corporate and government decision-making.
The document discusses various strategic analysis frameworks and concepts including:
1. The PESTEL framework which categorizes environmental influences into political, economic, social, technological, environmental and legal factors.
2. Key drivers of change that are likely to have a high impact on strategy success or failure.
3. Scenario mapping which develops plausible future scenarios based on key uncertain drivers, in order to analyze strategic options.
4. Porter's five forces framework which assesses the attractiveness of an industry based on the threat of entry/substitutes, and bargaining power of buyers/suppliers and competitive rivalry.
5. Types of industries such as monopolistic, oligopolistic, perfectly competitive, and
The document discusses analyzing a business's environment. It describes scanning the microenvironment, macroenvironment, and internal environment. The microenvironment includes suppliers, customers, and other local stakeholders. The macroenvironment includes political, economic, sociocultural, and technological forces outside a business's control. The internal environment includes internal factors like employees, resources, and structure. Environmental analysis informs strategic planning by identifying opportunities and threats from trends.
This document discusses Porter's Five Forces framework for analyzing industry competition and outlines the key forces: competitive rivalry, bargaining power of suppliers, bargaining power of customers, threat of new entrants, and threat of substitute products. It then provides an example analysis of the athletic footwear and apparel industry using Under Armour, examining how each of the five forces applies. Finally, it introduces PESTEL analysis, outlining the political, economic, social, technological, environmental, and legal factors that shape the business environment.
This document provides an introduction to a microeconomics course. It outlines that students will learn fundamental economic tools and analysis. The course consists of lectures introducing concepts and problem sets discussed in recitation. Topics to be covered include positive and normative analysis, market definition, and the consumer price index (CPI) measure of inflation. Grades are based on problem sets, quizzes, a midterm, and final exam. The introduction concludes with an overview of key microeconomic concepts.
Here are a few examples of dishonesty in Othello:
1. Iago deceives Othello into believing that Desdemona has been unfaithful with Cassio by fabricating "evidence" and manipulating Othello's insecurities. This ultimately destroys Othello and Desdemona's marriage through jealousy and distrust.
2. Iago lies to Roderigo, telling him he can help Roderigo win Desdemona's love while secretly plotting to steal Roderigo's money and use him as a pawn in his schemes against Cassio and Othello.
3. Iago lies to Cassio, getting him drunk and instigating a fight that leads to Cass
The document discusses five key environmental factors that affect multinational corporations: competitors, creditors, customers, labor market, and suppliers. It explains how each of these factors can influence a company's strategy and ability to compete. The document also discusses four additional external factors: the economy, politics, society, and technology. It emphasizes that corporate leaders must understand how these environmental factors impact their business and account for them when planning strategy.
This chapter introduces key concepts in managerial economics. It defines economics as the study of how societies address scarce resources and unlimited wants. It also defines managerial economics as applying economic theory and analysis to organizational decision-making. Finally, it discusses how managerial economics relates to other disciplines and can help evaluate trade-offs across management functions like finance, marketing, and operations.
The document discusses factors in a firm's external environment including remote, industry, and operating environments. It covers economic, social, political, technological, and ecological factors. It also discusses analyzing industries and competitors through examining industry structure, boundaries, competitive forces, and profiles of customers, suppliers, and creditors.
This document provides an overview of industry analysis and its importance for corporate and business strategy. It discusses how analyzing the determinants of industry profitability - including customer demand, competition intensity, and supplier bargaining power - can help assess industry attractiveness and structure. The document introduces Porter's Five Forces framework for analyzing competition within an industry and identifying factors that influence profit potential. It emphasizes that understanding how macroenvironmental trends affect a firm's industry environment is crucial for strategic planning.
The founding fathers of economic science—William Stanley Jevons, Thomas Malthus, John Stuart Mill, and Edward Aveling—all in their different ways, explored how the things we do, from working or sleeping to the purchases we make for our homes, affect our future incomes.
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...indexPub
The recent surge in pro-Palestine student activism has prompted significant responses from universities, ranging from negotiations and divestment commitments to increased transparency about investments in companies supporting the war on Gaza. This activism has led to the cessation of student encampments but also highlighted the substantial sacrifices made by students, including academic disruptions and personal risks. The primary drivers of these protests are poor university administration, lack of transparency, and inadequate communication between officials and students. This study examines the profound emotional, psychological, and professional impacts on students engaged in pro-Palestine protests, focusing on Generation Z's (Gen-Z) activism dynamics. This paper explores the significant sacrifices made by these students and even the professors supporting the pro-Palestine movement, with a focus on recent global movements. Through an in-depth analysis of printed and electronic media, the study examines the impacts of these sacrifices on the academic and personal lives of those involved. The paper highlights examples from various universities, demonstrating student activism's long-term and short-term effects, including disciplinary actions, social backlash, and career implications. The researchers also explore the broader implications of student sacrifices. The findings reveal that these sacrifices are driven by a profound commitment to justice and human rights, and are influenced by the increasing availability of information, peer interactions, and personal convictions. The study also discusses the broader implications of this activism, comparing it to historical precedents and assessing its potential to influence policy and public opinion. The emotional and psychological toll on student activists is significant, but their sense of purpose and community support mitigates some of these challenges. However, the researchers call for acknowledging the broader Impact of these sacrifices on the future global movement of FreePalestine.
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
How Barcodes Can Be Leveraged Within Odoo 17Celine George
In this presentation, we will explore how barcodes can be leveraged within Odoo 17 to streamline our manufacturing processes. We will cover the configuration steps, how to utilize barcodes in different manufacturing scenarios, and the overall benefits of implementing this technology.
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إضغ بين إيديكم من أقوى الملازم التي صممتها
ملزمة تشريح الجهاز الهيكلي (نظري 3)
💀💀💀💀💀💀💀💀💀💀
تتميز هذهِ الملزمة بعِدة مُميزات :
1- مُترجمة ترجمة تُناسب جميع المستويات
2- تحتوي على 78 رسم توضيحي لكل كلمة موجودة بالملزمة (لكل كلمة !!!!)
#فهم_ماكو_درخ
3- دقة الكتابة والصور عالية جداً جداً جداً
4- هُنالك بعض المعلومات تم توضيحها بشكل تفصيلي جداً (تُعتبر لدى الطالب أو الطالبة بإنها معلومات مُبهمة ومع ذلك تم توضيح هذهِ المعلومات المُبهمة بشكل تفصيلي جداً
5- الملزمة تشرح نفسها ب نفسها بس تكلك تعال اقراني
6- تحتوي الملزمة في اول سلايد على خارطة تتضمن جميع تفرُعات معلومات الجهاز الهيكلي المذكورة في هذهِ الملزمة
واخيراً هذهِ الملزمة حلالٌ عليكم وإتمنى منكم إن تدعولي بالخير والصحة والعافية فقط
كل التوفيق زملائي وزميلاتي ، زميلكم محمد الذهبي 💊💊
🔥🔥🔥🔥🔥🔥🔥🔥🔥
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...EduSkills OECD
Andreas Schleicher, Director of Education and Skills at the OECD presents at the launch of PISA 2022 Volume III - Creative Minds, Creative Schools on 18 June 2024.
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
2. 1.
2.
3.
4.
Define and describe productive resources and
factors and production (natural, human, and
capital) for their ability to produce goods and
services
Explain how consumers and producers confront
and adjust to the condition of scarcity by making
choices which involve opportunity cost and
tradeoffs (Production Possibilities
Curve/Frontier)
Describe how people respond predictably to
positive and negative incentives (interest rates)
Identify and understand 4 common economic
systems (characteristics, structure, and function)
3.
Introduction (Expectations, Materials, etc…)
Unit 1 Intro to Economics
Scarcity (Needs/Wants) & Factors of
Production
Definition of Terms
Spending Money Activity (1 million – 10k)
Understanding the basic economic questions
facing the economic system of every country
5.
In your team, identify the factors of production
and the supporting terms. (pg 8-10)
Your goal is to brainstorm a production
list/plan using the factors of production and
other vocabulary terms. (Select a product to
produce and detailed factors in the process ex.
shirts or baseball bats) Be creative
Write your pitch down with details and
examples to present to class (informally)
6.
Select a simple product (shirt or baseball bat)
Find the factors of production in your book and
understand them
Identify examples for each factor to produce
your product
Be creative, but keep it simple
We are only producing
7.
Scarcity Review
Factors of Production categorized with relevant
examples
Trade-offs and Opportunity Cost
Production Possibilities Presentation
Buying/Saving & Time Activity
9.
Review (Factors of Production, Tradeoffs,
Production Possibilities)
Review of Terms and Graphs
Culminating Activity and Assessment
Page 28-29 (1-25) Due Monday 1st thing
10.
Economics Q&A
Case study (Males and car insurance pg 30)
Intro to Economic Systems
Structure and Function of Systems
Define Types of Systems (Examples)
Create a Venn Diagram comparing and
contrasting the three economic systems
(Option to outline or write description)
11.
Review Types of Economic System
Focus on Market/Mixed Systems
Flow of Income and Output (pg 39)
Activity/Project
Diagram and explain a Circular Flow Model of a market
economy, showing households and businesses as decision
makers, resource and money flows, and the three basic
markets – product, productive resources and financial
markets.
Create your own flow chart (inputs/outputs) Describe the
role of individuals, businesses, and governments
12.
Characteristics of the American Economy
Capitalism (Adam Smith, Wealth of Nations)
Enterprise, Choice, Incentive, Competition, and
Private Property
Limited Role of the Government
14.
Socialism vs. Capitalism
Marx’s Communist Manifesto vs. Smith’s
Wealth of Nations
Difference between Communism and Socialism
Debate
Film Capitalism & Socialism
16. 1.
2.
3.
4.
Explain the basic function of money, credit,
and debt
Understand the role and services of banks and
other financial institutions for borrowing,
saving, and investing
Ability to calculate and understand interest for
borrowing, saving, and investing
Formulate a consuming, saving, and investing
plan
17.
Consumption, Income, and Decision Making
(Chapter 3)
Types of Income
Opportunity Cost (Levels of Education)
Generic vs. Name Brand Activity
Consumer Spending Graph (page 68)
Lesson
18.
Buying Principles and Strategies
Where to research products (Internet Activity)
Advertising Tricks
Comparison Shopping
Definition of Terms (Warranty and types)
Activity/Project
20.
Global Economy Map (page 85) Compare and
Contrast Prices
Introduce Chapter 4: Going into Debt
Definition of Terms
Credit (How it works and Pros/Cons)
Mortgages (real property)
INTEREST
23.
Review of Debt, Credit, Interest and Terms
Why and How people use credit
Credit Cards (History and Current Info)
Debit Cards vs. Cash
Dave Ramsey Money Makeover Articles (pg
108)
Lesson
24.
Sources of Loans and Credit
Banks, Savings & Loan Associations, Savings
Banks, Credit Unions, and Finance Companies
Charge accounts and Credit Cards Review
Finance Charges/Annual %rates
How to compute finance charges (pg 97)
Lesson
25.
Applying for Credit (How to and Issues)
Credit Checks and Ratings
Collateral
Secured vs. Unsecured Loans
Credit Scores (pg 101)
Responsibility
26.
Bad Credit Help (pg 103)
Government Regulation (Helping Borrowers)
Law Discussion (pg 105)
Bankruptcy
Review
28.
Intro Chapter 5 Buying the Necessities
Project for Consumerism
Comparison Shopping
Tradeoffs in stores (Club Warehouse, Retail,
and Convenience Stores) Examples and Issues
Name of the label (Utility and Value)
30.
To Rent or To Buy
By the numbers (Cost of renting and buying)
Appreciation and Depreciation
Renters Insurance, Lease, and Deposits
Renter Tips (pg 126)
Homebuyer Tips (pg 128)
Closing Costs and other costs
Activity/Project
Lesson
31.
Auto Economics 101 (pg 130)
New or Used
Additional Costs (Registration, Insurance,
Warranty, and Maintenance)
How to find the best vehicle for you (Kelly
Bluebook & Internet)
Lesson
37.
Stock Market and Bond Market
Film on Wall Street
Stock Exchanges (NYSE)
Markets (NASDAQ)
Indexes (Dow Jones, S&P 500)
What does it all mean (research)
Lesson (5 Stages of Investing)
38.
Mutual Funds and Money Market Funds
Bull and Bear Markets
Government Regulation
Boom & Bust (Bubbles and Stock Market
Issues)
Lesson on Investing
39.
Special Savings Plans and Goals (pg 155)
Pension Plans
Keogh Act of 1962 (Self-employed plans)
IRA’s (Traditional vs. Roth)
Real Estate
Savings Activity
Media
42. 1.
2.
3.
4.
Define and understand the law of supply and
demand in determining price and quantity of
goods and services using relevant examples
Identify factors that influence supply and
demand in relation to price and quantity
Identify and role of consumers and producers
in determining equilibrium price
Identify and understand the elasticity of
demand and supply
43.
Introduction to Unit 3 (Microeconomics & Ch’s
7-9)
Markets, Prices, and Business Competition
Supply and Demand
Media (Intro to Supply and Demand)
44.
Supply and Demand Presentation
Law of Demand
Real income effect
Substitution effect
Demand Shifters Lesson
45.
Review of Supply and Demand
Diminishing Marginal Utility (Cereal Talk)
Law of Diminishing Marginal Utility (pg 174)
Activity/Project
46.
Demand Curve and Elasticity of Demand
Review of Graphs (pg 178-182)
Complimentary Goods
Detriments of Demand (Good/Bad Effects)
Activity
48.
Law of Supply and the Supply Curve
Supply Graphs and Charts (pg 188-192)
Detriments of Supply (Input Price, #Firms,
Taxes, and Technology)
Activity
49.
Review of Supply
Law of Diminishing Returns
Diminishing Returns Graph (pg 193)
Putting Supply and Demand Together
Equilibrium Price Introduction
Activity/Project
54. 1.
2.
3.
4.
Identify, compare, and contrast the different
forms of business organizations (sole
proprietorships, partnerships, and corporations)
Identify the characteristics of the four market
structures (monopoly, oligopoly, monopolistic
competition, and pure/perfect competition
Explain how firms/businesses finance their
operations (earnings, stock, borrowing)
Identify and understand the size and scope of
markets from local to global and effects to
individuals and communities
55.
Introduction to Business Organizations
Definition of Terms (pg 207)
Project Introduction
Webquest
Getting Started (Entrepreneurship)
56.
Review of Types of Businesses
Help from the Government
Help from the Internet
E-Commerce Video
57.
Elements of Business Operation (Expenses,
Advertising, Record Keeping, and Risk)
Breakdown with examples
Project/Activity
58.
Sole Proprietorships and Partnerships (pg 213)
Definition of Terms (Liability and Assets)
Limited Liability Companies
Joint Ventures
Review of Business Organizations
Venn Diagram/Pros & Cons Activity
Matching example companies
59.
Corporate World and Franchises
Definition of Terms (Stock and Dividends)
Different Types of Stock
Corporation vs. Franchise
60.
Review of Corporate World
How to register
Selling stock (IPO’s) Facebook Example
Bylaws
Franchise Advantages and Disadvantages
Panera Bread/Jimmy Johns Example (pg 224)
67. 1.
2.
3.
4.
Understand and explain the role of
government in a market economy
Identify and describe the taxation and
spending categories of governments at the
local, state, and national level
Define and describe taxation that is
proportional, progressive, and regressive
Describe and identify examples of government
regulations and spillovers (subsidies) for the
benefit of government, groups, or individuals
68.
Government Policies Toward Competition
Antitrust Legislation and Mergers
History (TR/Taft and Trust-busting)
Definition of Terms (pg 245)
Types of Mergers (pg 247)
Activity
87. 1.
2.
3.
4.
Identify and describe how national economic
performance is measured (GDP, employment,
inflation)
Understand the phases of the business cycle
(contraction, trough, expansion, and peak)
Analyze the historical, recent, and current
impact of events on the business cycle and
national economy
Identify, understand, and explain the causes of
inflation and effects on individuals and society
88.
Measuring the Nation’s Economy
Gross Domestic Product (Defined and
Described)
Gross vs. Net
Types of Income (pg 339)
90.
Model of the Business Cycle
Graphic Data (pg 352)
Definition of Terms
Expansion and Contraction
Recession vs. Depression
Economic Indicators
91.
Review Business Cycle and Economic
Indicators (Leading, Consequential, and
Lagging) Assess Economy & Predict Course
Media
Activity/Project
92.
Money and Banking (Chapter 14)
Characteristics of Money (pg 370)
Money Is Debt II Film
93.
History of Banking (pg 374-375)
Electronic Banking (Automatic Deposits and
Withdraws) Pros and Cons
Checking Accounts (How to Balance a
Checkbook)
95. 1.
2.
3.
Define, compare, and contrast monetary and
fiscal policy
Describe the essential functions of the Federal
Reserve to control money supply (rates, bonds,
and reserves)
Understanding the effects of debt at the
individual, business, and government level
(cause & effect)
96.
Federal Reserve
Structure and Function
Board of Governors, Fed Advisory Committee,
Open Market Committee, and the Banks
Fed Reserve Maps (pg 394)
Functions of the Fed Graph (pg 396)
97.
Monetary Policy
Tight and Loose Money Strategies
Reserve requirements (pg 403)
Discount Rate (pg 405)
How it affects you
Affects on inflation
Two Great Graphs (pg 409)
99.
Review of Monetary Policy
Intro to Fiscal Policy
Monetary vs. Fiscal Policies
Debate on Taxing Junk Food
100.
Unemployment
Types of and Measurements (pg 443)
Supply-Side Economics (pg 450)
Lowering tax rates to increase economic
growth and collect more in taxes
101. 1.
2.
3.
4.
Compare and contrast absolute and
comparative advantage (specialization)
Understand the difference between imports
and exports and the effects of tariffs (taxes)
Understand the reason and difference of
currencies and exchange rates between nations
Identify skills that individuals need to be
successful in the global economy
102.
World Trade (Tariffs & Quotas)-film
Imports vs. Exports
Where goods come from
Free Trade Debate
Exchange Rates Graph (pg 472)
Exchange Rate Pros & Cons-Domestic inflation
with demand and supply effects