Choose a category. You will be given the answer. You must give the correct question. Click to begin.

Slides:

Advertisements

Similar presentations

Advertisements

3.03Explain economic measurements and the business (economic) cycle.

Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.

Macroeconomics unit What you should know by now. You should be able to : Define the following: Gross Domestic Product (GDP) & the 4 components Unemployment.

* * Understanding How Economics Affects Business * Chapter Two McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Know that Name Factors of What??? MY EconoMY Inflation or Bust.

Chapter 3 Economic Activity in a Changing World pp

Chapter 4 World Economies

CHAPTER 4: GLOBAL ECONOMICS

Economic Resources and Systems

Jeopardy Economic Decisions Economic Systems Economic Indicators Business Cycle Supply & Demand Q $100 Q $200 Q $300 Q $400 Q $500 Q $100 Q $200 Q $300.

Free Enterprise System Free Enterprise System In Introduction to Economics Philosophy that our nation’s founders believe that individuals should have the.

Marketing Ch. 4 World Economics.

Chapter 3 political and economic analysis Section 3.1

Intro to Business Final Exam – Ch 1-3 Test Review.

Unit 1. Needs are essential Everyone Needs – food & water – Clean air – Shelter In today's society other needs include: – Good education – Employment.

1.02 – Analyze economic indicators and how they affect the business cycle.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 2 SLIDE Measuring Economic Activity Economic Conditions.

Chapter 3 political and economic analysis Section 3.1

Business Cycles, Inflation, Recession and Depression.

Unit 1.04 The Business Cycle Measuring Economic Activity.

Chapter 2 Measuring economic activity

LESSON 1.1 MARKET ECONOMIES

Economics. Needs vs. Wants Factors of Production List the factors of production, define and explain in the next three slides.

Chapter 2 Economic Activity. Objectives Describe Gross Domestic Product Describe Gross Domestic Product Identify and describe economic measures of labor.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Measuring Economic Activity Economic Conditions Change 2-3.

Introduction to Business, Economic Activity in a Changing World Slide 1 of 54 Why It’s Important Economic activity affects everyday life. The history of.

ECONOMICS. Economy Types There are four types of economy in the United States Agricultural Service Industrial Information.

Economic Activity in a Changing World Chapter 3 pp

Economic Decisions & Systems Chapter 1. Satisfying Needs & Wants Needs- things that are required in order to live. Can also include: education, safety,

Economic Activity in a Changing World Chapter 3 pp Mr. Manning.

2-1Measuring Economic Activity 2-2Economic Conditions Change 2-3Other Measure of Business Activity.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Factors of Production A shortage of resources is called scarcity. A basic economic problem for any society is how to manage its resources. To meet the.

What is Economics?  An economic system is a country’s way of using limited resources to provide goods and services.  Scarcity means that there is never.

Test 1, 2, 3, 4 Review. Chapter 1 Want vs. Need Good vs. Service Natural Resources –Oil, minerals, rivers, lakes Human Resources –The people producing.

Economics 7b The Business Cycle. The Business Cycle: The performance of the American economy changes over time. This is called the business cycle.

The Business Cycle Measuring the Economy. Business Cycle  Business Cycle - Economic pattern in which an economy goes through periods of prosperity and.

Chapter 3 Economic Environment of Business 1 Chapter 3 Economic Environment of Business ©2008 Thomson/South-Western.

 Bond  Budget deficit  Budget surplus  Business cycle  Capital project  Deflation  Depression  Gross domestic product  Retail sales  stock 

Chapter 3 Key Terms. Gross Domestic Product (GDP) The total value of the goods and services produced in a country in a given year.

BF Business Foundations Chapters 1-6 Review JEOPARDY.

Business Cycles, Inflation, Recession and Depression.

Economic Activity in a Changing World

ESSENTIAL STANDARD 1.00 UNDERSTAND THE ROLE OF BUSINESS IN THE GLOBAL ECONOMY. 1.

Chapter 3. 4 Types of Economy in USA 1. Agricultural – during Colonial era, people lived off the land and were primarily farmers 2. Service – also in.

Back to Table of Contents pp Chapter 3 Economic Activity in a Changing World.

Economics. Economic Basics Vocabulary: Economics: Study of how people meet their wants and needs Scarcity: Having a limited quantity of resources to meet.

1.02 ~ ECONOMIC ACTIVITIES AND CONDITIONS CHAPTER 2 MEASURING ECONOMIC ACTIVITY.

Economic Resources and Systems Chapter 2. Introduction to Business, Economic Resources and SystemsSlide 2 of 77 Learning Objectives After completing this.

Unit 3 Notes Supply and Demand Videos Current Events in Business.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Objective 1.02 Understand economic conditions 1 Understand the role of business in the global economy.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Chapter 2 Economic Systems and Resources. Scarcity A shortage of resources is called scarcity. A basic economic problem for any society is how to manage.

Introduction to Business Mrs. A. Measuring Economic Activity Economic indicators Economic indicators – important data or statistics that measure economic.

Economic Activity in a Changing World Chapter 3 pp

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Chapter 3 Economic Activity in a Changing World. Learning Objectives 1.IDENTIFY how economic activity is measured 2.EXPLAIN how inflation and deflation.

1 The Creation and Distribution of Wealth Economics Chapter 2.

Section 3.1 What Is an Economy? Chapter 3 political and economic analysis Section 3.2 Understanding the Economy.

Economic Activity in a Changing World

2 Economic Activity 2-1 Measuring Economic Activity

Chapter 3 political and economic analysis Section 3.1

Question What are things that are important to you in life?

Economic Activity in a Changing World Chapter 3 pp

Economic Activity in a Changing World

Economic Activity in a Changing World Chapter 3 pp

MARKET ECONOMIES Compare three types of economies

Presentation transcript:

Choose a category. You will be given the answer. You must give the correct question. Click to begin.

Click here for Final Jeopardy

Review 10 Points 20 Points 30 Points 40 Points 50 Points 10 Points 20 Points 30 Points 40 Points 50 Points 30 Points 40 Points 50 Points Review

Things that you wish you could have

What is wants?

The number of steps in the decision making process

What is 5?

The amount of money a business has left over after paying for expenses

What is profit?

A person who purchases/uses goods and services

Who is a consumer?

Tasks that people or machines perform

What is services?

Necessary wants

What is needs?

A shortage of resources

What is scarcity?

Raw materials found in nature

What is natural resources?

Oil Rig

What is a Capital Resource?

Example of a Capitalist country

What is The United States of America?

Study of how society chooses to use resources to produce and distribute goods and services for people’s consumption

What is economics?

Bill Gates

What is an Entrepreneurial Resource?

Example of a Communist Country

What is China, N. Korea, etc…?

The combination of a command and market economy

What is a mixed economy?

Quantity of goods and services a consumer is willing to buy at various prices

What is demand?

GDP

What is Gross Domestic Product?

The number of people who are able to work but don’t have a job

What is the unemployment rate?

Amount of goods and services a company is willing to provide

What is supply?

Time of record prosperity in the United States

When is the 1990’s?

A general increase in the cost of goods and services

What is inflation?

The government spends more on programs than it collects in taxes

What is budget deficit?

Event that sparked great recovery after the great depression

What WWII?

Amount of goods and services the average citizen can buy

What is the standard of living?

October 29, 1929

What is “Black Tuesday” Stock Market crash?

The 4 Phases of the Business Cycle

What is Prosperity, Recession, Depression, Recovery?