GOODS, SERVICES AND OPPORTUNITY COSTS

QUESTIONS TO LEARN Types of goods Services Types of needs Economic choice and opportunity costs

teacher: Liubov Yurievna Spicyna School of Core Engineering Education Division for Social Sciences and Humanities associated professor e-mail: s_luba_07@mail.ru, spicyna@tpu.ru 8 909 549 37 11 All course information is presented at my site http://portal.tpu.ru/SHARED/s/SPICYNA/study All news and changes are at the same page. If you need to tell me anything important, call me (8 909 549 37 11) or send e-mail s_luba_07@mail.ru, spicyna@tpu.ru

Micro and Macro economics: about the course 54 teaching hours, 36 lectures and 18 practices (autumn semester of 2018/2019 school year) 2 modules (Microeconomics and Macroeconomics) 3 credits (100 points assessment: 80 points for working, attendance and research, 20 points for exam) The assessment to be sucsessful – learning activities assessments more than 55 points (tests, tasks, projects, control answers, attendance, research,exam)

Micro and Macro economics: attendance You have to attend the lectures and practical studies in order to be assessed for successful course finish (15 points) If you cannot attend the lesson, you are to tell about the reasons and bring me the supporting documents You must answer my questions, solve the tests and perform project works within our course to be successful

HOMEWORK for today lesson To tell some words about yourself (name, profession you are learning for, native country and type of its economy, the role of national government in economic life) To tell about the characteristics of economic theory, economic model, economic data (explain the types of economic data). Give the examples for Microeconomics

the examples for Microeconomics economic theory:

the examples for Microeconomics economic model:

the examples for Microeconomics economic theory:

the examples for Microeconomics economic theory:

the examples for Microeconomics economic model:

the examples for Microeconomics economic model:

the examples for Microeconomics Visual (Graphical) economic model:

the examples for Microeconomics Empirical (Mathematical + graphical) economic model:

the examples for Microeconomics economic data types classifications Qualitative and quantitative Microeconomic and macroeconomic indicators Cross sectional, time period and panel data

Qualitative data refers to the data that approximates or characterizes but is unable to statistically measure any attributes. This type of data is descriptive in nature.  Quantitative data in statistics is also known as categorical data. The data that can be arranged categorically based on the attributes and properties of a thing or a phenomenon. The cake is orange, blue and black in color (qualitative). Females have brown, black, blonde, and red hair (qualitative).

the examples for Microeconomics

the examples for Microeconomics

the examples for Microeconomics

the examples for Microeconomics

the examples for Microeconomics

the examples for Microeconomics

Types of goods

Types of goods GOODS are the physical output of a firm producing a product meant for sale and consumption in a product market. Contrast with services, which are non-physical products produced and sold by firms to consumers, so it is A commodity, or a physical, tangible item that satisfies some human want or need, or something that people find useful or desirable and make an effort to acquire it

Types of goods

Types of goods

Services

Types of goods and services

Types of goods and services In usage the goods may be divided at Using many times (single time use) Using one time (consumer durables)

Scarce resources and opportunity costs

Scarce resources and opportunity costs

HOMEWORK At next lesson you are to make a presentation (4-5 slides) in such themes (everybody choose his/her own theme) : To define what is the production possibility frontier To show the role of PPF in economic growth theory To explain the PPF and innovations correlation To explain the PPF and environmental pollution