Begin Mayra Alvizo Period 2 $100 $200 $300 $400 $500 Unit 2 Unit 3 MixedGraphs(curves)Vocab Unit 1.

Slides:

Advertisements

Similar presentations

Begin $100 $200 $300 $400 $500 GraphsEconomicEquations Unit 1 Unit 3 KeyTerms Unit 2.

Advertisements

Begin $100 $200 $300 $400 $500 Demand and Supply ProductionPossibilities GDP Aggregate demand And supplyInflation&Deflation Comparative and Absolute.

BEGIN!. $100 $200 $300 $400 $500 UNIT 1UNIT 3 KEY TERMS RANDOM UNIT 2 KEY CONCEPTS.

Appendix to Chapter 1 Defining Aggregate Output, Income, the Price Level, and the Inflation Rate.

Know that Name Factors of What??? MY EconoMY Inflation or Bust.

Chapter 7 Supply & Demand

1. absolute advantage 2. capital 3. command economy.

Basic Economics Concepts Leo Koo, Chris Mendoza, Daniel Ye Period 4 Mr. Lohman.

Barron’s Chapter 2. Discipline of Economics ► Absolute Advantage: The ability to produce something more efficiently ► Capital: Productive equipment or.

Begin $100 $200 $300 $400 $500 Key Terms Economic Theories GDP/Inflations Government Policies Unemployment/EmploymentGraphs.

Begin By: Vinh Nguyen $100 $200 $300 $400 $500 Shifters of Demand The Law of Demand SupplyUnemploymentGDPShifters Of Supply.

Begin $100 $200 $300 $400 $500 GraphsSupplyAndDemandPoliciesAndMarkets Economies ImportantKeyTermsGDP.

Supply. What is Supply? Supply is how much a firm is willing to sell at every given price, ceteris paribus Thus, if all else remains the same and the.

Begin $100 $200 $300 $400 $500 AD/ADGraphsEmployment Key terms Key termsEconomicsGDP.

Copyright © 2004 South-Western Short-Run Economic Fluctuations Economic activity fluctuates from year to year. In most years production of goods and services.

© 2007 Thomson South-Western Production Possibilities Curve (PPC or PPF)- Vocab Trade-off is when you … Give up something in order to get something else.

Unit-2 Macro Cram GDP, Unemployment, Inflation. Circular Flow of a closed Economy Spending Goods and services bought Goods and services bought Revenue.

Begin Yennifer Castellon Period 2 Macro $100 $200 $300 $400 $500 Unit 1 Unit2 All Around GraphsSummerWork Unit 3.

Begin $100 $200 $300 $400 $500 C1-$100 - $100 - $100 What is the MPS? MPS is the marginal propensity to save when disposable income has been increased.

Begin. $100 $200 $300 $400 $500 Economic Policies Unempl- oyment GDP Key Terms Misc. Graphs & Curves.

Mr. Weiss Vocabulary Review – Test 4 – Sections 3 & 4 1. aggregate demand curve; 2. contractionary fiscal policy; 3. cyclical unemployment; 4. disposable.

Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 3 Demand, Supply, and Price.

Begin $100 $200 $300 $400 $500 Which way Does a Supply Curve Shift? Graphs Unemployment GDP Random Which way Does a demand Curve shift?

Economics It may be the most boring topic you will ever discuss, but also the most important.

Begin $100 $200 $300 $400 $500 Graphs Unit 1 Unit 2 Unit 3 Random Key Terms.

Begin Nicksey Cruz Period 2 $100 $200 $300 $400 $500.

Mr. Weiss Test 1 – Sections 1 & 2 – Vocabulary Review 1. market economy; 2. capital; 3. scarce; 4 opportunity cost; _____manufactured goods used to make.

Evolving Economic Systems and Competition 1 Chapter © 2004 by Nelson, a division of Thomson Canada Limited.

ECONOMICS DPM REVIEW.

Unit-2 Macro Review GDP, Unemployment, Inflation.

Unit 1 Basic Economic Problems. Our wants are UNLIMITED but resources are LIMITED……… So there is SCARCITY Hence we have to make CHOICES.

Understanding Economic Systems and Competition Chapter 1.

 Traditional economy :  Economic decisions are based on custom and historical precedent.

  Scarcity is everywhere!  When a choice is made, the opportunity cost is the value of what is given up.  Therefore, all countries must make choices.

Begin $100 $200 $300 $400 $500 C1-$100 - $100 What are the factors of production? land, labor, capital, & entrepreneurship.

I. Economics Social science concerned with the efficient use of scarce resources to achieve maximum satisfaction of economic wants Economic perspective.

Begin $100 $200 $300 $400 $500 DemandSupply Key Economic AssumptionsFlowModelGDPUnemployment.

Begin $100 $200 $300 $400 $500 Key Terms SupplyDemandGDP Unemployment/ Inflation Misc.

SCARCITY. absolute advantage capital command economy comparative advantage consumer goods consumer sovereignty economic growth economic problem Investment.

Begin $100 $200 $300 $400 $500 Supply Demand Key Terms Unit 3 Unit 2 Unit 1.

Economics 1.3 Understanding Economic Systems

PRICE AND QUANTITY DETERMINATION

AP Macroeconomics Final Exam Review.

Why Study Financial Markets?

An Introduction to Money and the Financial System

Jeopardy! Begin Stephen Mendoza (Period 2).

COPYRIGHT © 2008 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license.

Economic Stabilization Policy

Economic Basics Unit 4 part 2.

Get ready to play giant Jenga review!

Circular Flow Price of Oil $85 => $150 Affect on Circular Flow?

Exam Review – Chapters 1-5

© 2007 Thomson South-Western

By Muhammad Shahid Iqbal

Demand Demand is a relationship which shows the various quantities consumers are willing and able to buy of a good at different possible prices of a good.

Shifts in Supply and Demand

Economics and Business

Chapter 7 Supply & Demand

Aggregate Demand and Aggregate Supply

Jeopardy! Genesis Ventura Period 2 Begin.

The Circular Flow Model

10 Macro Review.

Final Exam Test Review Power Point - Economics

Economic Systems = Copy this down!

Change in Quantity Demanded vs. Change in Demand

Aggregate demand and aggregate supply

Economic Problems 4/18/2019.

Economics Final Sides Game

Good Anything that can be grown or manufactured (made) Food Clothes Cars.

Presentation transcript:

Begin Mayra Alvizo Period 2

$100 $200 $300 $400 $500 Unit 2 Unit 3 MixedGraphs(curves)Vocab Unit 1

C1-$100 - $100 What is Absolute Advantage and Comparative Advantage? Absolute: The producer that can produce the most output OR requires the least amount of inputs (resources) Comparative: The producer with the lowest opportunity cost

C1-$200 - $200 Give an example of capital goods. Oil-drilling equipment, pizza oven

C1-$300 - $300 -land -labor -capital -entrepreneurship What are the four factors of production?

C1-$400 - $400 What are the Shifters of Demand ? Tastes and Preferences Number of Consumers Price of Related Goods Income Future Expectations

C1-$500 - $500 What are the Shifters of Supply? Prices/Availability of inputs (resources) Number of Sellers Technology Government Action: Taxes & Subsidies Opportunity Cost of Alternative Production Expectations of Future Profit

C2-$100 - $100 What is GDP? The total value of all final goods and services produced in the economy during a given year.

C2-$200 - $200 When there is a change in the percentage per year in a price index what is it called? Inflation rate

C2-$300 - $300 What is Final Goods and services? Goods and services sold to the final or end

C2-$400 - $400 What type of formula is this? CPI

C2-$500 - $500 What unemployment rate arises form the effect of frictional plus structural unemployment Natural Rate of unemployment

C3-$100 - $100 If aggregate demand increases and aggregated supply decreases the price level: Will increase but real output is indeterminate

C3-$200 - $200 What is aggregate demand? It is the total demand for final goods and services in the economy at a given time and price level.

C3-$300 - $300 What is aggregate supply? It is the total supply of goods and services that firms in a national economy plan on selling during a specific time period.

C3-$400 - $400 What is the Keynesian model? theory of total spending in the economy and its effects on output and inflation.

C3-$500 - $500 What is a recession? It is a business cycle that slows down economy activity.

C4-$100 - $100 What are automatic stabilizers? It is policies and programs that are designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.

C $200 What is a Circular flow model? It is a model which illustrates the flow of goods and services through the economy.

C3-$300 - $300 Give an example of a Complementary Goods For example: peanut butter and jelly.

C3-$400 - $400 What is the Law of Supply? It is the higher the price for a good or service, all other things being equal, leads suppliers to supply a greater quantity of that good or service. Illustrated as a direct or positive relationship.

C3-$500 - $500 Give some examples of Consumer goods For example: cars, pizza, and shirts.

C4-$100 - $100 What type of curve is this? Supply and demand

C4-$200 - $200 What type of curve is this? PPF

C4-$300 - $300 What type of curve is this? PPC

C4-$400 - $400 What type of curve is this? SRAS

C4-$500 - $500 What type of curve is this? Aggregated Demand Curve

C4-$100 - $100 What is Scarce/scarcity? Resources (anything that can be used to produce something else) are not unlimited and are not available in sufficient quantities to satisfy all the various ways a society wants to use them. Examples: money, food, time.

C4-$200 - $200 What is normal GDP? It is the total value of all final goods and services produced in the economy during a given year, calculated with the price currently in the year which the output is produced.

C4-$300 - $300 What is Allocative efficiency? It is the resources and goods are distributed in such a way that consumers are as well off as possible. Resources are being used to make the goods and provide the services that society wants and needs.

C4-$400 - $400 A hypothetical set of consumer purchases of goods and services what is this? Market Basket

C4-$500 - $500 What is Free market economies? An economic system based on supply and demand with little or no government control. Buyers and sellers are allowed to transact freely based on mutual agreement.