Bell work Economics. Bell Work PS 6 9/25/13 Describe one example of Bias you have experienced in your life or seen on tv What is a main idea? Why is finding.

Slides:

Advertisements

Similar presentations

Fall 2010 Lectures: Tuesday – The Nature of Economics and methodology of Research. 2. Division of Labor. Production possibilities.

Advertisements

Three Economic Systems Notes

SS6E5 The student will analyze different economic systems.

In a PURE MARKET ECONOMY there is no government involvement in economic decisions. The government lets the market answer the three basic economic.

Economics BY Jese. Wants & Needs Something that you want is like a toy or video games Every body would like to have something like animals and internet.

Economics Bell Work: What is the difference between microeconomics and macroeconomics?

Growth and Long Run Aggregate Supply Objectives: 1. Understand the concept of long-run aggregate supply. 2. Describe the effect of economic growth on the.

Types of Economic Systems Supply and Demand Price.

1 Welcome to Econ 414 International Economics Study Guide Week Thirteen.

Think of something you would like to buy. Do you know who makes it? Do you know its price? Buying, selling, and deciding on prices are important ideas.

Political and Economic Systems Test Review. This system is where some laws come from the central government, and some laws come from each state? 1. Unitary.

2-2 Economic Conditions Change

Government and Economics. In a traditional economy, how are economic decisions made?

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Satisfying Needs and Wants Economic Choices Economic.

Types of Economies. Command Economy Strong government control Government controls all means of production (land, labor, and capital) Government decides:

Economic Systems Traditional (barter) Command Free Market Mixed.

Econ Quizzo SS 8 December 15, Round 1 1. In this economy, the economic questions are answered by trading. 2. In this economy, the government answers.

LESSON 1-3 Economic Systems

Economic Systems.

Economic Concepts Review. Factors of Production Economic Types SupplyDemandMixed Bag

Chapter #3 Section #3 Resources and world trade. Economic Systems Used Around the World.

2-2 Economic Conditions Change Objectives: –Describe the four phases of the business cycle –Explain causes of inflation and deflation –Identify the importance.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 1 SLIDE Satisfying Needs and Wants Economic Choices.

Price: Supply and Demand Together 9B Social – Economics.

Introduction to Supply and Demand Windy Mulder Horizon Middle School.

Economic Systems Additional Notes from Intro to Econ and Chapter 17 Packet.

Essays (2) Answer one question from each section.

Comparative Political and Economic Systems. Section 3 Economic Systems Chapter 15 Comparative Political And Economic Systems.

Economics Standard SS2E1 The student will explain that because of scarcity, people must make choices and incur opportunity costs. Standard SS2E2 The student.

Bell Ringer Activity Which economic system does the United States have? (Command, Market, or Mixed) Why do you think that?

Inflation: -Students will understand what economics looks at when evaluating price changes over time. -Students will understand what causes inflation.

In a PURE MARKET ECONOMY ____________________________________ in economic decisions. The government lets the market answer the three basic economic questions:

Industrialization. Bell Work What is one modern invention you could never live without? Why? Try to imagine life without this item- would something.

Describe social and economic conditions from the 1920s through the Great Depression regarding factors leading to a deepening crisis, including the collapse.

Read to Learn Describe the three basic economic questions each country must answer to make decisions about using their resources. Contrast the way a.

From Scarcity to Economic Interaction Gains from Trade –Better allocations –Comparative Advantage Trade takes place both –in markets (buyers and sellers)

ProsCons STATION 1 Economic System: ____________________ STATION 2 Economic System: __________________ ProsCons Discussion Question (write answer only):

Introduction to Business © Thomson South-Western ChapterChapter Economic Decisions and Systems Satisfying Needs and Wants Economic Choices.

Econ Chapter One Quiz Review Let’s come up with some good answers to these questions…

Mixed Economies.

UNIT 7 PAGES OVERVIEW OF THE US ECONOMY. OVERVIEW OF BASIC ECONOMIC SYSTEMS Traditional : based on customs and traditions Command : government.

Consumer and the Market Unit 3: Standard 8. Learning Target: (17) I can determine how the relationship between consumers and the market can affect the.

Chapter 2 Economic Systems You mean there is more than one?

Economic Systems. What is an economic system? It is a system that describes how a country’s economy is organized Every country needs a system to determine.

SS7E5.A - COMPARE HOW TRADITIONAL, COMMAND, AND MARKET ECONOMIES ANSWER THE ECONOMIC QUESTIONS OF: (1) WHAT TO PRODUCE, (2) HOW TO PRODUCE, AND (3) FOR.

Economic Theory Influence of Enlightenment Thinking

Different World Economies

TYPES OF ECONOMIES SSEF4 The student will compare and contrast different economic systems and explain how they answer the three basic economic questions.

Types of Economies.

The U.S. Business Environment

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Principles of Economics

Warm-Up 5/4/2016 ( Write Q &A) 1) Who determines what is made and what is sold in a Command Economy? 2) Who determine what is made and what is sold in.

Types of Economies Capitalism Socialism Communism (Command)

Economic systems Analysis Who makes the economic decisions?

A Mini-Unit on Money and the Economy of the U.S.

Economic Systems.

Game Review Objective:

Presentation transcript:

Bell work Economics

Bell Work PS 6 9/25/13 Describe one example of Bias you have experienced in your life or seen on tv What is a main idea? Why is finding a main idea important?

Bell Work PS 7 What is a main idea? Why is a main idea important?

BW 1: 9/25/13 1.Rewrite this statement: “It is going to be 70 degrees on this fall day. ” -Biased toward: It’s going to be COOL on this NICE fall day -Biased against: It’s going to be COLD on this fall day 2. Word association. What do you think of when you hear “economics” – (MAKE A LIST) – Economy, Money, Boring, Politics, GAS prices, Supply and Demand, Crisis, Stock Market, Welfare

BW 2: 10/1 (GREEN) What is a command economy? Think about the starburst activity from yesterday. Were you someone who had a lot of starbursts or someone who had none? Describe how you felt about your situation. Was it good or bad? Why did my starbursts run out (think about supply and demand)?

BW Economics 2 (BLUE) Thinking about our Starburst Activity from the other day, how would you describe Supply and Demand? What are the three types of economic systems? (C M M ) Describe one of them.

BW Econ 3 (Blue and Green) What type of economic system does America have? What is a command economy? What is a mixed economy?

Bell Work Economics 4 (Blue) Explain how Supply and Demand changed in the Hula Hoop video from yesterday.