The Pyramid Game.

Slides:

Advertisements

Similar presentations

Chapter 19 Securities Markets Business Today. 2Prentice Hall Investment Choices Stocks – Preferred Stock – Common Stock Common-Stock Dividends Stock Splits.

Advertisements

What is Economics? A crash course.

Scarcity. Shortage Capital Physical capital Human capital.

Economics Understandings To play the game, go to the next slide and click on an point value to go to a question. To go to final Wrap-Up click on Final.

Foundations of Economics

13 Saving, Investment, and the Financial System. FINANCIAL INSTITUTIONS IN THE U.S. ECONOMY The financial system is made up of financial institutions.

2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt Basic Economics Economic Indicators.

Types of Economies.

Economics Review.

Private Sector Circular Flow

Economics Benchmark Review Basic Concepts and Terms.

Goals: The Students will understand: 1. The four basic economic systems. 2. A socialistic economic plan. 3. Income distribution. 4. The theories of Adam.

Part Chapter © 2009 The McGraw-Hill Companies, Inc. All rights reserved. 1 McGraw-Hill How Economics Affects Business Chapter 2.

GHSGT Review Economics. Unit 1 – Fundamental Concepts of Economics.

BUS101 Introduction to Business. Risks and Profits Business Goods Services Entrepreneur.

Civics-Economics Test Review Test Date 4/22/08 60 Questions/180 Points.

Economics Supply and Demand, Economies, and Economic Concepts.

Economics Key Terms Economics need want law of scarcity producer consumer factors of production supply demand law of supply law of demand price equilibrium.

Investing Chapter 9. Essentials Of Investing Investing Means going beyond savings, and planning for the future. Making Money with Money.

Unit 1 review. 1.Economics 2.Scarcity 3.Trade-off 4.Opportunity cost 5.Marginal cost 6.Factors of production 7.Gross Domestic Product (GDP) 8.Productivity.

The Factors of Production Game

  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.

Category 5 Category 4 Category 3 Category 2 Category

4 Factors of Production Economies PrinciplesDefinitionsPPF

UNIT 7 PAGES OVERVIEW OF THE US ECONOMY. OVERVIEW OF BASIC ECONOMIC SYSTEMS Traditional : based on customs and traditions Command : government.

Benchmark Review How do economists define scarcity?

Midterm Vocabulary Studyguide. Economics Midterm Vocabulary 1) scarcity 2) land 3) capital 4) labor 5) entrepreneurs 6) consumer 7) goods 8) services.

Economics 101. Economics  Is a Science that examines how goods and services are produced, sold, and used.  It involves how people, governments and businesses.

Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian.

AP MACROECONOMICS INTRODUCTION. MACROECONOMICS Macroeconomics is the study of the economy as a whole. Microeconomics is the study of individual parts.

Chapter 1 Vocabulary Need Want Scarcity Economics Entrepreneur

UNIT 2: INTRODUCTION TO ECONOMICS TEST REVIEW. 1. Which of the following is NOT a factor of production? a. Land b. Labor c. Capital d. Resources.

PPF and Opportunity Cost

What goods and services should be produced? How should they be produced? For whom are they produced? How a society answers these questions determines.

AP Microeconomics Final Review

Warm-up What is Capitalism? List 2 synonyms for capitalism.

Economics Review.

How do economic concepts and policies affect your personal finances?

Circular Flow Model Resource Markets Business Government Individuals

Overview of the U.S. Economy

Factors of Production -Capital or Capital Goods---the money or tools needed to produce goods/services -Land / Resources– the natural resources needed.

Which of the following refers to the use of resources in a way that maximizes output of goods and services? Services Efficiency Goods Scarcity.

THE INDUSTRIAL REVOLUTION AND CLASSICAL ECONOMICS

How does Adam Smith’s Capitalism work as an economic system?

EOC Review Part 1.

ECONOMICS REVIEW GAME.

STUDY GUIDE Final Exam Economics.

This is Jeopardy! Unit 1 Exam Review.

Summary Notes Economics 230 Part II.

Demand, Supply, and Market Equilibrium

Economics Composition Book

Microeconomics.

EOCT Review Microeconomics.

Economics Composition Book

Economics and Business

Economic Systems Command Economy

Price Floors & Ceilings

Price Floors & Ceilings

Economics Brochure Define the following words from the text book: consumer, disposable income, discretionary income, consumerism, comparison shopping,

Traditional – Command - Mixed

ECONOMICS SUPPLY AND DEMAND.

Price Effects of Supply and Demand

Chapter 11 Review Financial Markets.

Session 1 Supply Demand Missing Profit = $26

Economics Jeopardy!!!! The final is 109 multiple choice, drawing supply & demand graphs, & 1 essay on why nations are wealthy.

Types of Economies.

Adam Smith, Karl Marx and John Maynard Keynes

Shortage and Surplus By: Ben Quick.

Land $4 2 4 Labor $ $2 Possible production techniques Capital

THE $100,000 PYRAMID $300 $200 $250 $50 $100 $150.

Presentation transcript:

The Pyramid Game

profit Free market Opportunity cost Guns or butter shortage Land, labor, and capital

Positive externality Free rider Gross Domestic Product John Maynard Keynes competition Factors of production

Inferior goods Adam Smith macroeconomics Command economy Mixed economy Traditional economy

Complimentary good Price ceiling equilibrium Total revenue Law of demand Invisible hand

diversification Subsidy NASDAQ Operating Budget surplus Price floor

Federal Reserve Mutual Fund Bull market Junk Bond Blue chip stock Dow Jones

Crowding Out Effect Estate tax Personal tax Exemption Savings Bond Excise tax Hyperinflation