1. Lesson 1.9 Role of Government SSEF5 A. EXPLAIN WHY GOVERNMENT PROVIDES PUBLIC GOODS AND SERVICES, REDISTRIBUTES INCOME, PROTECTS PROPERTY RIGHTS, AND RESOLVES MARKET FAILURES. SSEF5 B. GIVE EXAMPLES OF GOVERNMENT REGULATION AND DEREGULATION AND THEIR EFFECTS ON CONSUMERS AND PRODUCERS.

2. First for a quick review  Go to Socrative.com and answer the questions  Follow along the short lecture

3. Governments and public goods  Frist consider the Essential Question  Essential Questions: What effect does Government control over resources have on producers and consumers?  What does this mean?  Government provides public goods…at all levels of government!!  Lets take a look….

4. Look at chart and read along

5. A recap of public goods

6. And the difference between public and private goods

7. Lesson 1.10 Productivity SSEF6 A. DEFINE PRODUCTIVITY AS THE RELATIONSHIP OF INPUTS TO OUTPUTS.

8. Essential Question : How can an individual, company, or nation increase productivity and achieve economic growth?  Economic Growth  Profit acts as an incentive for producers. They increase their profits by increasing  Productivity.  Productivity is the efficient use or resources ( Inputs and Outputs ) to maximize profits and achieve economic growth.  If a business/individual wants to become productive, then they must increase their Outputs (products/services) while decreasing their Inputs (the factors of production).

9. Essential Question : How can an individual, company, or nation increase productivity and achieve economic growth?  Investments  The most common way to increase productivity and achieve economic growth is to invest in  Capital Investments. This can include investment of money and resources in...  New machines and equipment.  Research and implement new technologies.  Improve education of workforce.

10. Essential Question : How can an individual, company, or nation increase productivity and achieve economic growth?  Investing in Labor  Investing in increasing the skills of employees can help increase productivity. Educated employees often enjoy a better standard of living than uneducated employees.  How will Capital Investments affect the PPC?  Increased productivity can shift the production outward, increasing what that business can produce.

11. Inputs and Outputs

12. Now lets summarize  Go to Socrative.com and answer the question

13. Lesson 1.11 Business Decisions SSEF6 B. GIVE ILLUSTRATIONS OF INVESTMENT IN EQUIPMENT AND TECHNOLOGY AND EXPLAIN THEIR RELATIONSHIP TO ECONOMIC GROWTH. SSEF6 C. GIVE EXAMPLES OF HOW INVESTMENT IN EDUCATION CAN LEAD TO A HIGHER STANDARD OF LIVING.

14. Some bad ones!!!

15. How to make the right one?

16. What is a Conglomerate? Why can they withstand harsh economic times better than other companies?  Mergers  To help increase profits, companies can merge with another company to form a new entity.  Vertical Merger - Companies of different types merge together. (Example: GM buys Bridgestone Tires)  Horizontal Merger - Companies that make similar things join. (Example: Exxon buying Mobil to become ExxonMobil)

17. Types of Mergers

18. What is a Conglomerate? Why can they withstand harsh economic times better than other companies?  Conglomerates  This is when a company produces different products under different companies it owns.  Allows the main company to become extremely strong against market collapses.  Why would a Conglomerate be safe from bad economic times?

21. What is a Conglomerate? Why can they withstand harsh economic times better than other companies?  Multinational  Companies can grow so large that they establish production facilities in multiple countries.  Good:  Spread technology  Create new jobs where they go  Pay lots of taxes  Bad:  Exploitation of workers  Remove jobs from where they left  Can become political