From AS to A2 part 2 Rachel Cole. Summer Reading.

Slides:



Advertisements
Similar presentations
Capitalism. Characteristics of Capitalism Land and capital are privately owned. (They are not owned by the government.) Land and capital are privately.
Advertisements

FROM AS TO A2 Quintin Brewer 27 June WIDER READING (1) Newspapers and journals: The Economist Sunday Times (David Smith) Times Sunday Telegraph.
FROM AS TO A2 Quintin Brewer. WIDER READING (1) Books: Why not try: Free Lunch: David Smith (Profile Books) Eat the Rich: PJ ORouke The Great Crash: JK.
INTERNATIONAL POLITICAL ECONOMY IR 2502 POLITICS AND IR UNIVERSITY OF ABERDEEN.
Industrial Revolution
Free Market Command Economy Adam Smith The Wealth of Nations Karl Marx
THE INDUSTRIAL REVOLUTION Capitalism v. Socialism
Adam SmithAdam Smith  In 1776 Adam Smith publishes his book Inquiry into the Nature and Causes of the Wealth of Nations, usually referred to simply as.
INDUSTRIAL REVOLUTION
Teaching Economics HIS 420 Summer 2010 Scott Fenwick
Chapter 2 Economic Systems.
Protests and Reformers. The Luddites Attacks on the “ frames ” [power looms]. Ned Ludd [a mythical figure supposed to live in Sherwood Forest]
Adam Smith & Karl Marx & John Keynes Three men who shaped modern Economics.
LECTURE 2 An Overview of Capitalism and the American Economy.
Aim: In what ways do Communism and Capitalism Differ?
Starter Define these terms in your own words: – Human capital – Investment – Capital investment – Capital goods – Consumer goods – Opportunity cost – Trade-off.
New Ways of Thinking HWH UNIT 6 CHAPTER 7.4 Back to Adam Smith… Laissez-faire capitalism Competition Self-interest Private Ownership Division of Labor.
Reforming the Industrialized World
Free Trade Theory Why Nations Trade.
Microeconomics is the study of how individuals and businesses make decisions on how to use limited resources. Macroeconomics is the study of how whole.
Economics of the Industrial Revolution. Problems of Industrial Revolution  Time to look for solutions! Some believed the market would fix the problems.
What are the four types of economic systems?
New Ways of Thinking Economics and Society 7.4.
New Economic Theories. Adam Smith 1723–1790 Adam Smith laid the intellectual framework for the concept of the free market.
 Adam Smith: considered founder of laissez-faire economics  Author The Wealth of Nations  Laissez-Faire Capitalism: belief that business should operate.
Capitalism, Socialism, Communism, and Everything in between.
How to write a home exam. Announcement of exam question It will be announced on the webpage for the course on April 7, and will also be available in paper.
E. Napp Economic Systems In this lesson, students will examine the four economic systems. Students will be able to define the following terms: An Economic.
 Who felt that government actions are useful if the government promoted the greatest good for the greatest amount of people?  A. Adam Smith  B. Thomas.
Free Market Economy Homework pg to 4 Pop Quiz Today Since light travels faster than sound, some people appear bright until you hear them speak.
Economic Systems Three Basic Questions Due to scarcity, individuals, governments, and businesses, must make decisions about what to produce. The type.
Comparative Political and Economic Systems. Section 3 Economic Systems Chapter 15 Comparative Political And Economic Systems.
Theories of World Economy
Teaching Economics HIS 420 Spring 2010 Scott Fenwick
Unit 2 Review Economics is the study of _____________, _________________, and ______________ Production, consumption and distribution.
CHAPTER 13 SECTION 4 AND 5 The Economics of the Industrial Revolution.
BR  What does a circular flow diagram show? (page 29-30)  What is the difference in factor and product market? (page 30)
Back of the Classroom Front of the Classroom (Smartboard) Computer Pod Door Classroom Door WINDOWSWINDOWS WallofPostersWallofPosters Mr. Lejano ’ s Desk.
New Ways of Thinking in the Industrial Revolution The rise of Socialism.
NEW WAYS OF THINKING CAPITALISMVCOMMUNISM Students analyze the effects of the Industrial Revolution in England, France, Germany, Japan, and the.
E. Napp Economic Systems In this lesson, students will examine the four economic systems. Students will be able to define the following terms: An Economic.
Economics Comparison of Economic Systems. Free Market Command Economy PhilosopherAdam Smith The Wealth of Nations Karl Marx The Communist Manifesto &
BUSINESS ENGLISH 1, 2009/10, PE6 TEAM: NO NAME ŽELJKA LISEC, KATARINA LOVRIĆ, ANA LOVRIĆ, MARITA LASIĆ Famous economists.
The Nature and Method of Economics Lecture 1 Dominika Milczarek-Andrzejewska.
ECONOMIC SYSTEMS An economic system is an organized way a society provides for the wants and needs of its people, or how a society answers the three basic.
ECON3670 Meeting session1 Memorial University of Newfoundland ECON 3670 Applications of Choice Theory Roberto Martinez-Espineira Lecture 0 - Meeting session.
Industrial Revolution
Do Now: answer the following T/F Questions & make them true statements - ‘The Soviet Union (Russia) is a capitalist country?’ - - ‘The United States of.
ECONOMIC SYSTEMS An economic system is an organized way a society provides for the wants and needs of its people, or how a society answers the three basic.
ESSENTIAL QUESTION EQ: How are Free Market Capitalist economies and Command, Communist economies alike, and how are they different? E. Napp.
Lets play JEOPARDY!!! Chpt. 25 The Beginnings of Industrialization.
University of Papua New Guinea Guest Lecture Lecture: Philosophy of Economics.
Introduction to Introduction to Economics. The Nature and Method of Economics. Lecture 1 Beata Łopaciuk-Gonczaryk.
And How They Affect Governments
Economic Theory Influence of Enlightenment Thinking
Theory Proponents How it would work? Capitalism Adam Smith
CAPITALISM V COMMUNISM
Who owns the factors of production and makes decisions?
Industrial Revolution: New Ways of Thinking
Economic Systems In this lesson, students will examine the four economic systems. Students will be able to define the following terms: An Economic System.
Industrial Revolution: New Ways of Thinking
Mercantilism to Capitalism
You will be given the answer. You must give the correct question.
Adam Smith Progress result when individuals follow their own self-interest Businesses follow their own self-interest when they compete with one another.
Capitalism & Socialism
An Age of Reforms-New Economic Systems
Aim: How are Capitalism and Communism different?
ESSENTIAL QUESTION EQ: How are Free Market Capitalist economies and Command, Communist economies alike, and how are they different? E. Napp.
And How They Affect Governments
7.4 Notes New Ways of Thinking.
Presentation transcript:

From AS to A2 part 2 Rachel Cole

Summer Reading

WIDER READING (1) Newspapers and journals: The Economist Sunday Times (David Smith) Times Sunday Telegraph (Liam Halligan) Independent on Sunday Independent esp. Monday & Thursday (Hamish McRae) Observer (William Keegan) Guardian esp. Monday (Larry Elliot) The Financial Times

WIDER READING (2) Books: Why not try: Thinking Strategically: Dixit and Nalebuff (especially useful for Oxbridge games theory) Key ideas in Economics R & D Dransfield (Nelson Thornes)

And to stretch your mind Adam Smith – Wealth of Nations Karl Marx – the Communist Manifesto David Ricardo – Principles of Political Economy The Great Crash: JK Galbraith (Penguin) Globalisation books (both sides): Joe Stiglitz, Martin Wolf

If these were too hard- going try: New ideas from dead economists Todd Buchholz

WIDER READING (3) Newer books Freakonomics: Steven Levitt & Stephen Dubner The Truth about Markets: John Kay Foundations of Corporate Success: John Kay (E & M applicants should read this) The Dragon and the Elephant: David Smith (Profile Books)

Tim Harford The Logic of Life The Undercover Economist FT column

Robert H Frank Quirky questions with Economics in the answers

Diana Coyle Sex, Drugs and Economics Unconventional, but sound economics

Darrell Huff How to Lie with Statistics Sweep the truth under the carpet Recommended by chief examiner

Cento Veljanovski Economic Principles of Law Particularly interesting for economists applying for a law course…

WIDER READING (4) Read articles/books critically …. Is there an opportunity cost? Which economic concepts can be applied? What analysis is relevant? What information is missing? How do you rate the evaluation?

Opportunity costs There are two concerts on tonight in Bristol: Amy Winehouse £40 Black Eyed Peas £40 You win a free ticket to see Amy…

Your preferences: You would pay £40 to see Amy – just! You would pay £50 to see BEP You choose Amy (as its a free ticket). What is the opportunity cost:

Remember the concept of consumer surplus….

A £50 B £40 C £10 D £0

And the answer is: C £10. You forgo the consumer surplus of £10 that you would get at BEP

How did we do? 270 university students 7% correct 199 professional economists 22% correct Monkeys get 25% You who have studied economics for just one year but have had a good think about it put ……….

Does this mean: A You are all economic naturalists B You have jumped in too quickly into Economics and its time to start thinking like an Economist…

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.