I want to talk to you about a four-letter word:. Intro To Economics Needs: In Economics: Need = there are no other substitutes. Your list of Needs Want.

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Presentation transcript:

I want to talk to you about a four-letter word:

Intro To Economics Needs: In Economics: Need = there are no other substitutes. Your list of Needs Want = everything else that you desire. a way of communicating a “need” basics for survival Write This Down

I want to talk about a four-letter word that begins with the letter

Welcome To What's FREE On The Internet!

Tell me what is It doesn’t cost anyone, anything!

Intro To Economics Needs: In Economics: Need = there are no other substitutes. Your list of Needs Want = everything else that you desire. a way of communicating a “need” basics for survival Write This Down

Intro To Economics In Economics: Need = there are no other substitutes. Want = everything else that you desire. a way of communicating a “need” basics for survival Write This Down Free = it doesn’t cost anything to anyone i.e. sunshine

$80

Intro To Economics In Economics: Need = there are no other substitutes. Want = everything else that you desire. a way of communicating a “need” basics for survival Write This Down Free = it doesn’t cost anything to anyone i.e. sunshine Gratuitous = when someone decides to give an item without charging you

Economics is the study of how individuals and societies, experiencing virtually limitless wants, choose to allocate their scarce resources to satisfy their wants. What is ECONOMICS?

Wants Unlimited > Availability of Resources Limited Scarcity means: EconomicsScarcity =

Janet L. Yellen President Federal Reserve Bank of San Francisco

Carlos Salinas de Gortari Former Presidents of Mexico Ernesto Zedillo

Prime Ministers IndiaSouth Korea Former IcelandRussia CanadaTurkeyNetherlandsUkraine Former

Economists Run The World

From: Wall Street Journal, January 4, 2005 Top Degrees in Demand The list of employers'10 most sought-after majors has changed little from past surveys, continuing to favor students with specific business skills, rather than a liberal-arts background. The top degrees in demand at the bachelor's level are: 1. Accounting 2. Electrical engineering 3. Mechanical engineering 4. Business administration/management 5. Economics/finance 6. Computer science 7. Computer engineering 8. Marketing/marketing management 9. Chemical engineering 10. Information sciences and systems

6. 7.