Presentation is loading. Please wait.

Presentation is loading. Please wait.

Principles of Economics

Published byinfo casestudyhelp Modified over 6 years ago

Similar presentations

Presentation on theme: "Principles of Economics"— Presentation transcript:

1 Principles of Economics info@casestudyhelp.in +91 94220-28822

2 Principles of Economics 1.What are the kinds and vital functions of Economies? Examine its Central Problems? 2.Describe Capitalist Economy and its defects. 3.What are the allocations of resources in a Socialist Economy? Discuss its advantages.

3 4.Explain the features of a Mixed Economy. How are resources allocated in it and what are its defects? 5.Explain the individual and market demands curves. 6.Discuss the kinds of Price Elasticity of Demand. How are they measured?

4 www.casestudyhelp.in info.casestudyhelp@gmail.com info@casestudyhelp.in +91 94220-28822

Download ppt "Principles of Economics"

Similar presentations

Chapter 5 Some Applications of Consumer Demand, and Welfare Analysis.

Chapter 5 Some Applications of Consumer Demand, and Welfare Analysis.
Copyright © 2004 South-Western 5 Elasticity and Its Application.

Copyright © 2004 South-Western 5 Elasticity and Its Application.
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.

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.
Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER 1 1-1 1-1Satisfying Needs and Wants 1-2 1-2Economic Choices 1-3 1-3Economic.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 CHAPTER Satisfying Needs and Wants Economic Choices Economic.
Economics Vocabulary Unit 2.

Economics Vocabulary Unit 2.
Economic Systems How are resources allocated? Topic Plan Scarcity The Market economic system The Command economic system The mixed economy Market Vs.

Economic Systems How are resources allocated? Topic Plan Scarcity The Market economic system The Command economic system The mixed economy Market Vs.
Comparing Economic Systems Vocabulary Review. 9/25 Do Now  What is the difference between a command economy and a market economy.

Comparing Economic Systems Vocabulary Review. 9/25 Do Now  What is the difference between a command economy and a market economy.
Prices and Decision-Making. Role of Prices Market economy- prices perform allocation function (FOR WHOM?) Advantages of prices –Neutral –Flexible –Free.

Prices and Decision-Making. Role of Prices Market economy- prices perform allocation function (FOR WHOM?) Advantages of prices –Neutral –Flexible –Free.
Economic Market Systems I can explain the production, distribution and consumption of goods and services in economy.

Economic Market Systems I can explain the production, distribution and consumption of goods and services in economy.
The Market Economy. Learning Objectives Define Economics and Economic system Define equilibrium price and equilibrium quantity Explain why the price of.

The Market Economy. Learning Objectives Define Economics and Economic system Define equilibrium price and equilibrium quantity Explain why the price of.
ECONOMIC SYSTEMS. Economic Systems  Main Types  Traditional Economy  Market Economy  Command Economy  Mixed Economy.

ECONOMIC SYSTEMS. Economic Systems  Main Types  Traditional Economy  Market Economy  Command Economy  Mixed Economy.
From Scarcity to Economic Interaction Gains from Trade –Better allocations –Comparative Advantage Trade takes place both –in markets (buyers and sellers)

From Scarcity to Economic Interaction Gains from Trade –Better allocations –Comparative Advantage Trade takes place both –in markets (buyers and sellers)
Introduction to Business © Thomson South-Western ChapterChapter Economic Decisions and Systems 1-1 1-1Satisfying Needs and Wants 1-2 1-2Economic Choices.

Introduction to Business © Thomson South-Western ChapterChapter Economic Decisions and Systems Satisfying Needs and Wants Economic Choices.
Test Friday! Opportunity cost Formulae for: market supply curve, aggregate demand curves If the market for IPhone cases has a demand curve of Q (D)=60-P.

Test Friday! Opportunity cost Formulae for: market supply curve, aggregate demand curves If the market for IPhone cases has a demand curve of Q (D)=60-P.
CONTEMPORARY ECONOMICS© Thomson South-Western 11.4Aggregate Demand and Aggregate Supply  Explain what is meant by aggregate output and the economy’s price.

CONTEMPORARY ECONOMICS© Thomson South-Western 11.4Aggregate Demand and Aggregate Supply  Explain what is meant by aggregate output and the economy’s price.
 Define economics  The two divisions of economics  List/define/give examples of the Factors of Production  Define/give examples of needs and wants.

 Define economics  The two divisions of economics  List/define/give examples of the Factors of Production  Define/give examples of needs and wants.
Economic Environment. Economic Factors Growth strategy Economic Systems Economic Planning Industry Agriculture Infrastructure Shumeet Grewal.

Economic Environment. Economic Factors Growth strategy Economic Systems Economic Planning Industry Agriculture Infrastructure Shumeet Grewal.
ECO 365 Week 1 DQ 4 What is the difference between a movement along and shift of the demand curve? What would cause the demand curve to shift and provide.

ECO 365 Week 1 DQ 4 What is the difference between a movement along and shift of the demand curve? What would cause the demand curve to shift and provide.
Theme 1: Introduction to markets and market failure

Theme 1: Introduction to markets and market failure
Different World Economies

Different World Economies

Similar presentations

Ads by Google