Intro pictures.

Slides:



Advertisements
Similar presentations
Copyright © 2011 Cengage Learning 9 Application: International Trade.
Advertisements

Case Study in Supply and Demand The World Oil Market.
Review: Oil in the Middle East. 1. Why was the Middle East’s location so important to European nations in the nineteenth century? Trade routes Strategic.
Use the graph below to answer the questions with a partner.  Look specifically at the years from 1931 to If you are a country whose main natural.
Equilibrium Market Prices Economics. The concept of the equilibrium price  Equilibrium means a state of equality between demand and supply D S.
OPEC Organization of Petroleum Exporting Countries Founded 1960 by 5 member nations 1.Iran, Iraq, Kuwait, Saudi Arabia, Venezuela 2.HQ = Vienna, Austria.
Negotiating for Oil – Who will Profit?  Left Side: Warm Up Question – You are selling a car, which you know is worth about $4,000. What strategies will.
Supply (The Business Point of View) Another Key Economic Concept.
Chapter 6 Combining Supply and Demand. Equilibrium- where the supply and demand curves cross. Equilibrium determines the price and the quantity to be.
Many Regions, Many Cultures Chapter 1, Section 2 Pg
Unit 3 Targets. Target #1 Be able to identify what demand is and what sector it refers to.
Falling Oil Prices: What is Norway Doing, Recommendations for Alaskans and other Arctic Countries Ambassador Kåre R. Aas Norwegian Embassy in Washington.
STARTER: Recap… Macro effects of a currency depreciation This will have an effect on a number of key economic indicators Domestic productionTrade deficitDomestic.
- Oslo Centre of Research on Environmentally friendly Energy Carbon leakage via the oil market (some slides are in Norwegian, but should be understandable)
OIL, Oil, Oil, where does it come from? Where does it go?
Oil in Southwest Asia Power of Oil Timeline Place the following statements onto your flow chart in the order they occurred! Arab nations become angry.
Discovery of oil in the Middle East SS7G7-Explain how the distribution of oil has affected the development of the Middle East Why is oil important to your.
Muslim Lands fall to Imperialist Demands Imperialism Day 6.
7 th Grade Social Studies Harold E. Winkler Middle School Globalization.
BUS 210 Week 1 DQ 1 Check this A+ tutorial guideline at 210/BUS-210-Week-1-DQ-1 Your friend has asked you why the price.
Oil and OPEC.
7th Grade Social Studies Harold E. Winkler Middle School
October 20, 2016 Agenda • Why are nations wealthy? (14)
Bell Work: March 28, 2017 (A-Day) March 29, 2017 (B-Day) On a scale from 1-10 how prepared do you feel for today’s test. Explain your ranking. If it is.
World Commercial Energy Supply (1998)
Chapter 5 - Supply (section 1) Understanding Supply
OIL A Natural Resource.
S&D: Supply Shifts Price
Petroleum Economics Istvan Csato Department of Geological Sciences
6-1: Seeking Equilibrium: Demand and Supply
Economics Chapter 5 Review.
How can a countries like U.A.E. and Qatar get so wealthy?
Make a point about only relying on two wheels or two things is dangerous. Especially when one blows up.
مدرسة القسطينة الثانوية للبنين
Chapter 13 lesson3 Resources of the Middle East and North Africa pages
Unit 2 Oil, Water Rights, and Literacy Rate Notes
SS7G1 - The student will locate selected features of Africa.
Project Based Learning Social Studies Mrs. Strope
OPEC.
OPEC.
Free-Standing Mathematics Activity
Ch. 4-6 Test is Wed. (warm-ups due Wed.)
Warm Up What do exchange rates tell us?.
Major Natural Resources
Econ Unit One Day 7.
The Energy Crisis Pass the gas please..
Middle East PowerPoint
Allocation and Information
Stock Basics Ms. Zucchero.
Economics Chapter 5 Review.
Market Effects of Changes in Demand or Changes in Supply
DAILY GEOGRAPHY 17.
Global Studies – Wednesday
12/2/2014 Warm Up: Watch the short film. In a paragraph of at least five lines, tell what you learned.
OPEC Organization of Petroleum Exporting Countries
Why I hate grading your ELA’s
Demand Practice EOCT Questions
SUPPLY, DEMAND AND PRICE
Unit 4 Table of Contents (TOC) - Middle East Economics (SWA)
The Arab Oil Embargo and the Energy Crisis p
USING SUPPLY AND DEMAND
Wednesday September 23, 2015 Mr. Goblirsch – Economics
SUPPLY, DEMAND AND PRICE
Natural Resources of the Middle East
OPEC.
PARTICIPATE IN AN ECONOMY
What if reserves are underestimated?
Line Graphs.
ECONOMICS: October 2 Ch. 4-6 Test is TOMORROW
Demand Prices within our economy are set by supply and demand.
Presentation transcript:

Intro pictures

MIDDLE EAST AFRICA

MIDDLE EAST

Day 4 visuals?

How can countries that are neighbors have such different standards of living?

How can a country like Dubai get so wealthy?

Day 6, Supply and Demand seesaw Demand is the number wanted Supply is how many are available.

Graphing Visuals for Games 1

Oil Prices During OPEC Game Price of Oil Rounds of Game Game 1

Oil Prices During OPEC Game Price of Oil Rounds of Game Game 1

Why did price of oil rise during the game? What is OPEC?

Graphing visuals for Game 2

Oil Prices During OPEC Game Price of Oil Rounds of Game Game 2

Why did the price of oil fall? How did this affect the teamwork between countries? Who won and who lost?

Vocab

Natural Resources =

Standard of Living D A

O.P.E.C.

OPEC Research