3. Added-value B 3 / 1 BUSINESS ECONOMICS 5 / 6

Slides:

Advertisements

Similar presentations

International Economics: Theory, Application, and Policy, Ch. 4;  Charles van Marrewijk, Figure 4.1 Paul Samuelson (1915–)

Advertisements

7 - 1 Copyright © 2009 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin.

Economics Chapter 4-2 MINI PROJECT – Due November 13 Create a cartoon or comic strip to illustrate an economic concept from the chapter. For example, demonstrating.

Objectives Analyze a circular flow model of a pure market economy.

Added Value AS Business Studies.

 To understand the different types of costs that exist and how you use them in calculations.

March 7th, 2014 Lecture 20 Ch. 10 (up to p. 231) and Ch. 11

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

Topic 9 Markets Page 96. Unit 1: Types of markets WHAT IS A MARKET? A market is defined as any contact or communication between potential buyers and potential.

Costs of Production Unit 7 Decision, Decisions. Remember…… Scarcity forces people to make decisions about how they will use their resources!!! **Economic.

What is Gross Domestic Product? Economics 11 Stewart Where you see the pencil, copy the note!

Standard SSEF6a- Define productivity

ECONOMICS SS3 WEEK 3. Methods/ Approaches To The Measurement Of National income 1. Income Approach: This is the aggregation of the rewards to the factors.

Unit 1: Basic Economic Concepts 1 Copyright ACDC Leadership 2015.

Copyright © 2006 Thomson Learning 2 Thinking Like an Economist.

Households Firms Government ExportsImports Households Land, Labour, Capital, Entrepreneurship Firms Government ExportsImports Loans, Interest Savings.

Understanding the circular flow of income. HOUSEHOLDS RESOURCE OWNERS Business firms Money payments Income payments Wages, Rent, Interest, Profits Consumer.

The Circular Flow Model describes and shows how the economy interacts.

Unit 1-5: Basic Economic Concepts 1. The Circular Flow Model The Product Market- The “place” where goods and services produced by businesses are sold.

Marketing Process of developing, promoting, and distributing products to satisfy customers’ needs and wants.

Business Utilities What is “utility”? Economic term that means…

Copyright © 2011 Cengage Learning 2 Thinking Like an Economist.

The Circular Flow Households. The Circular Flow Households Land, Labor, Capital.

IB Business Management What is a business?. Learning Outcomes To identify inputs, outputs and processes of a business.

Lim Sei cK. A. Land B. Labour C. Capital D. Entrepreneurship.

How does this model allow us to measure GDP?. 4 GROUPS WHO SPEND: 1. HOUSEHOLDS 2. FIRMS 3. GOVERNMENT 4. THE REST OF THE WORLD  What we already know…

Supply. Price As price increases… Supply Quantity supplied increases Price As price falls… Supply Quantity supplied falls According to the law of supply,

Chapter Five: Supply 12 th Grade Economics Mr. Chancery.

Unit 1: Basic Economic Concepts

[ 3.5 ] Costs of Production.

Unit 1: Basic Economic Concepts 1.5 Circular Flow Diagram

14. Social-ethical audit B 14 / 1 BUSINESS ECONOMICS 5 / 6

12. Financial analysis B 12 / 1 BUSINESS ECONOMICS 5 / 6

Business Environment

HOPE YOU ENJOYED THE AUTUMN HOLIDAYS 

Aims for today Understand how businesses estimate revenues, costs and profits and why this is important. Recognise the difference between fixed and variable.

What makes the market price change? 1) Start

2. Non-competitive markets

Unit 1: Basic Economic Concepts

10. International trade G 10 / 1 GENERAL ECONOMICS 6

11. Corporate social responsibility

Standard SSEF6a- Define productivity

Unit 1: Basic Economic Concepts

Mr. Mayer AP Macroeconomics The Circular Flow of Economic Activity

Costs of Production Lesson

9. Monetary system G 9 / 1 GENERAL ECONOMICS 6

17. Game theory G 17 / 1 GENERAL ECONOMICS 6

Unit 1: Basic Economic Concepts

12. Financial analysis B 12 / 1 BUSINESS ECONOMICS 5 / 6

Thinking Like an Economist

Copyright Mark Van Couwenberghe, 2017

GDP CALCULATION: extra exercise

7. Leadership B 7 / 1 BUSINESS ECONOMICS 5 / 6

9. Employee participation

THE ECONOMICS OF LABOUR MARKETS

GDP CALCULATION: small test

10. Business continuity B 10 / 1 BUSINESS ECONOMICS 5 / 6

Factors of Production.

Unit 1: Basic Economic Concepts

Unit 1: Basic Economic Concepts

1.3 Government regulation on competitive markets

Unit 1: Basic Economic Concepts

Unit 1: Basic Economic Concepts

Final Exam Review Unit 1: Economic Basics.

5. External effects & public goods

1. Why Marketing Research?

4. Pricing B 4 / 1 BUSINESS ECONOMICS 5 / 6

What is the market price mechanism? 1) Start

3. Wealth G 3 / 1 GENERAL ECONOMICS 5

14. Social-ethical audit B 14 / 1 BUSINESS ECONOMICS 5 / 6

Presentation transcript:

3. Added-value B 3 / 1 BUSINESS ECONOMICS 5 / 6 Copyright Mark Van Couwenberghe, 2017-2018

3.0 OVERVIEW B 3 / 2 3.1 WHAT IS ADDED-VALUE? page B 3 / 3 3.2 HOW TO CALCULATE ADDED-VALUE? page B 3 / 5 3.3 EXERCISES page B 3 / 6 3.4 VOCABULARY page B 3 / 7 Copyright Mark Van Couwenberghe, 2017-2018

B 3 / 3 3.1 WHAT IS ADDED-VALUE? Copyright Mark Van Couwenberghe, 2017-2018

B 3 / 4 Added-value is the difference between the final value of a product/service and the value of the goods needed to produce it Added-value enables the company to reimburse the production factors for their input in the production process: Nature: rent Labour: wages Capital: interest Entrepreneurship: profit Copyright Mark Van Couwenberghe, 2017-2018

3.2 HOW TO CALCULATE ADDED- VALUE? B 3 / 5 3.2 HOW TO CALCULATE ADDED- VALUE? ADDED-VALUE = TURNOVER - RAW MATERIALS - SERVICES Copyright Mark Van Couwenberghe, 2017-2018

3.3 EXERCISES B 3 / 6 1) Calculate the added-value of this company: Copyright Mark Van Couwenberghe, 2017-2018

B 3 / 6unus 2) Explain the difference between “added-value” and “profit”: 3) Explain the 4 production factors using the following examples: Super market Pharmaceutical company Which company will have a higher added-value and why? Copyright Mark Van Couwenberghe, 2017-2018

B 3 / 7 3.4 VOCABULARY EN NL Copyright Mark Van Couwenberghe, 2017-2018