Economist Kirk, Widelmy, and Mayumi. Why chose economist? A big influence on our lives. A popular major & job Necessary for Government, industries or.

Slides:

Advertisements

Similar presentations

City Management Economic Development Dr. Adnan Alshiha.

Advertisements

Chapter 1 Introduction to Macroeconomics

The Lisbon strategy and the Hungarian employment strategy László Kordás 29 April 2006 Balatongyörök.

© 2008 Pearson Addison-Wesley. All rights reserved Introduction to Macroeconomics Chapter 1.

The U. S. Economy: Private and Public Sectors

Chapter 1 Introduction to Macroeconomics

Measuring GDP and Economic Growth Chapter 1 Instructor: MELTEM INCE

The Importance of Macroeconomics

Why should an MBA student, study Macroeconomics ?.

 Productivity decreases  Unemployment rate increases  Inflation from 1.6% to 9%  Interest rate increase  Government Increased Role 1. Regulation.

Chapter 3 Assessing Economic Conditions. Learning Objectives  Identify the macroeconomic factors that affect business performance.  Explain how market.

Applied Macroeconomics Dr. Ming-Jang Weng Dept. of Applied Economics National Univ. of Kaohsiung Taiwan.

Copyright by Paradigm Publishing, Inc. INTRODUCTION TO BUSINESS CHAPTER 3 Assessing Economic Conditions.

Understanding Economic Systems and Business Chapter 1.

Monetary and Fiscal Policy

Fiscal and Monetary policy

Determination of Interest Rates

Chapter 17 Economic Policymaking. Capitalism Private individuals own the principal means of production Prices and wages determined by Supply and Demand.

Principles of Microeconomics & Principles of Macroeconomics: Ch. 2 Second Canadian Edition Chapter 2 Thinking Like an Economist © 2002 by Nelson, a division.

Recession as explained by private sector Recession as defined in Macro- economics.

Chapter 1 Introduction to Macroeconomics Copyright © 2012 Pearson Education Inc.

Government Spending, Pt. 2. What are the three top expenditures of the federal gov’t? Social Security (#2) Medicare (#3) National Defense (#1)

Economic Systems Traditional (barter) Command Free Market Mixed.

© 2008 Pearson Addison-Wesley. All rights reserved Introduction to Macroeconomics Chapter 1.

The subject of Microeconomics Theoretical relationship between prices, wages, interest Theory of the consumer behaviour Theory of the firm (costs, prices,

Chapter 3: The Business Cycle & Unemployment POPE

Fiscal Policy If your family or you made a budget to calculate family expenses than you are practicing a key IDEA that is related to Fiscal Policy = Balancing.

21 st Century Workforce Initiative Data Analysis and Applications Webinar May 11, 2007 Brenda C. Njiwaji, Director Bureau of Workforce Programs Michigan.

Economics Chapter 15 Fiscal Policy. What Is Fiscal Policy? Fiscal policy is the federal government’s use of taxing and spending to keep the economy stable.

Economics Chapter 15 Fiscal Policy. What Is Fiscal Policy? Fiscal policy is the federal government’s use of taxing and spending to keep the economy stable.

Copyright 2010, The World Bank Group. All Rights Reserved. Part 1 Labor Market Information Produced in Collaboration between World Bank Institute and the.

Making the case for a fair recovery Nicola Smith Head of Economic and Social Affairs, TUC.

The Prospects for Increasing State Support for Higher Education Forum on Financing Public Higher Education CAPE, PROFS, UFAS February 23, 2010 Andrew Reschovsky.

LA Comprehensive Curriculum Free Enterprise Guiding Questions.

Essays (2) Answer one question from each section.

Part II: Business Environment Introduction to Business 3e 4 Copyright © 2004 South-Western. All rights reserved. Assessing Economic Conditions.

Principles of Microeconomics & Principles of Macroeconomics: Ch. 2 First Canadian Edition The Economic Way of Thinking u The Scientific Method uses abstract.

Copyright © 2011 Pearson Addison-Wesley. All rights reserved. Introduction to Macroeconomics Chapter 1.

Unit V: Monetary and Fiscal Policy Combinations: Stabilization Policy in the Real World.

NABE OUTLOOK 2004Q1 SURVEY Presented to Silicon Valley Round Table MARCH 9, 2004 Duncan H. Meldrum NABE President & Chief Economist, Air Products.

Chapter Small Business Basics. Small Business Ownership ► Small Business-is an independent business with fewer than 500 employees ► The owner is.

An Overview of Personal Finance The Importance of Personal Finance –Slow Growth in Personal Income The average annual growth rate in the US is from 2 -

A Changed Mindset Federal Intervention? The Federal Govt. exists to help American People in distress Many Federal Agencies Created Deficit Spending to.

Chapter 2 Thinking Like an Economist Ratna K. Shrestha.

Section 2.1 Planning Your Career.  Do you want a job or career?  Work Week Time Analysis Work Week Time Analysis.

No 01. Chapter 1 Introduction to Macroeconomics. Chapter Outline What Macroeconomics Is About What Macroeconomists Do Why Macroeconomists Disagree.

Agribusiness. What is agribusiness? Sector of the industry that combines agricultural production and business decisions. Important to farmers because.

Factors Affecting Human Resource Plans.  The most human resource plans can be affected by internal and external change, so forecasting and flexibility.

© 2008 Pearson Addison-Wesley. All rights reserved 1-1 Chapter Outline What Macroeconomics Is About What Macroeconomists Do Why Macroeconomists Disagree.

The President Congress BUDGET Taxes Spending Fiscal Policy.

Copyright © 2009 Pearson Education, Inc Topic 2. Chapters 3 & 4 The Demand for Labor.

Copyright 2007 Thomson South-Western Chapter 1 Choices That Affect Income.

Fiscal Policy (Government Spending) Fiscal Policy and Government Spending.

Ch16 Federal Reserve and Monetary Policy. Federal Reserve Bank History The Federal Reserve Bank is the central bank of the U.S., created by the Federal.

4.3 Occupation and Earnings

Fiscal Policy. Government Economic Policies Government Economic Policies Fiscal Policy Monetary Policy Supply Side Microeconomic Policy.

Government policy instruments Demand-side policies: unit content Students should be able to: Define demand-side policies Distinguish between monetary.

For more course tutorials visit ECO 203 Entire Course (Ash Course) ECO 203 Week 1 DQ 1 Economics Systems ECO 203 Week 1 DQ 2 Role of.

Maths in Economics Arran Boyle 2A.

3 The Demand for Labor.

Labor Market information and Trends

Introduction to Macroeconomics

Unit 1: Basic Economic Concepts 1.5 Circular Flow Diagram

3 The Demand for Labor.

12b. Union membership and coverage in construction, public vs

Economic Policymaking

Labor Supply and Demand

Economics of Labor Unions

Macroeconomic Theories

Presentation transcript:

Economist Kirk, Widelmy, and Mayumi

Why chose economist? A big influence on our lives. A popular major & job Necessary for Government, industries or organizations.

We are presenting about: Career Description & Advantages/Disadvantages History of Money Top Economists Economist’s Characteristic & Requirement

What is economist? An expert in social science of economics. Microeconomists supply & demand decision Industrial/Organizational economists market decisions of competitive firms Macroeconomists forecast future trends Monetary/Financial exonomists money and banking system

What is economist? (continued) International economists Labor/Demographic economists for labor & determination of wages Public finance economists tax cuts, budget deficits, & welfare policies Econometricians

Employment in the USA Economists held about 15,000 jobs Government: 52% (7800 jobs) Federal Gov. (4800 jobs) State & Local Gov. (3000 jobs) Private Industry: 48% (7200 jobs)

Demand for Economist Employment is expected to grow 7% from 2006 to However … Number of economists employed in slow growing or declining in government sectors. Increasing demand in every industry. High demand

Advantages vs. Disadvantages High demand. The demand will increase. High salary. Pressure of deadlines & tight schedules. Private life may be interrupted. Decision have a heavy responsibility.